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Valuation of supply in case of supply of lottery, betting, gambling and horse racing (Rule 31A of CGST Rules) - GST Ready Reckoner - GSTExtract Valuation of supply in case of supply of lottery, betting, gambling and horse racing Rule 31A has been inserted vide notification no. 03/2018-central tax dated 23 Jan 2018. Valuation in the case of supply of lottery, betting, gambling and horse racing- Rule 31A of the GST Rules Sub Rule 1:- Value of supply in case of lottery, betting, gambling and horse racing, Notwithstanding anything contained in the provisions of this Chapter, the value in respect of supplies specified below shall be determined in the manner provided hereinafter. Sub Rule 2:- Value of Lottery :- (I) Upto 29/02/2020 (a) The value of supply of lottery run by State Government shall be deemed to be - (a) 100/112 of the face value of ticket OR (b) 100/112 of the price as notified in the Official Gazette by the organising State, whichever is higher Explanation : For the purposes of this sub-rule, the expressions- (a) lottery run by State Governments means a lottery not allowed to be sold in any State other than the organizing State; (b) lottery authorised by State Governments means a lottery which is authorised to be sold in State(s) other than the organising State also; and (c) Organising State has the same meaning as assigned to it in clause (f) of sub-rule (1) of rule 2 of the Lotteries (Regulation) Rules, 2010. (b) The value of supply of lottery authorised by State Government shall be deemed to be - (a) 100/128 of the face value of ticket OR (b) 100/128 of the price as notified in the Official Gazette by the organising State, whichever is higher (II) From 01.02.2020 [ Notification 08/2020-CT Dated 02 March 2020 ] Value of Lottery shall be deemed (a) 100/128 of the face value of ticket, OR (b) 100/128 of the price as notified in the Official Gazette by the organising State, whichever is higher Sub Rule 3:- Value of Actionable claim in form of chance to win in betting, gambling or horse racing in a race club Actionable claim in form of chance to win in betting, gambling or horse racing in a race club - Value of supply shall be 100% of the face value of the bet or the amount paid into the totalisator. Example :- Th e Government of a State runs a lottery where face value of a lottery ticket is ₹ 5, 000/- and the price notified by the State Government in the Official Gazette is ₹ 4,00 0/- Here, the value of lottery is, whichever is higher of i.e. ₹ 3,906.25/- (a) face value of a lottery ticket is ₹ 5, 000*100/128 i.e. ₹ 3,906.25/- or (b) the price notified by the State Government in the Official Gazette is ₹ 4,00 0*100/128 i.e ₹ 3,174.60/-
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