Jul 04, 2024
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How will supply of lottery tickets be valued under GST?

Value of supply of lottery shall be 100/112 of the face value or the price notified in the Official Gazette by the organising State, whichever is higher, in case of lottery run by State Government and 100/128 of the face value or the price notified in the Official Gazette by the organising State, whichever is higher, in case of lottery authorised by State Government.


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official-gazettepricelotterystate-governmentsupplyvalue