Notification No. 08/2020 – Central Tax: seeks to “Amend the CGST Rules, 2017 to prescribe the value of Lottery”.

Important Keyword: F. No. 20/06/03/2020 – GST, Notification No. 08/2020 – Central Tax, Section 164 CGST Act 2017, Rule 31A CGST Act 2017, Notification No. 3/2017 – Central Tax, Notification No. 02/2020 – Central Tax.

[F. No. 20/06/03/2020 – GST]
Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Indirect Taxes and Customs

New Delhi, the 2^nd March, 2020

Notification No. 08/2020 – Central Tax

GST: [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]

G.S.R……(E). – In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-

1. (a) These rules may be called the Central Goods and Services Tax (Second Amendment) Rules, 2020.
(b). Save as otherwise provided in these rules, they shall come into force on the date of their publication in the Official Gazette.

2. In the Central Goods and Services Tax Rules, 2017, with effect from the 1^st March, 2020, in rule 31A, for sub-rule (2), the following sub-rule shall be substituted, namely: –

“(2) The value of supply of lottery shall be deemed to be 100/128 of the face value of ticket or of the price as notified in the Official Gazette by the Organizing State, whichever is higher.

Explanation: – For the purposes of this sub-rule, the expression “Organizing 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.”.

(Pramod Kumar)
Director,
Government of India

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification No. 3/2017-Central Tax, dated the 19^th June, 2017, vide number G.S.R. 610 (E), dated the 19^th June, 2017 and last amended vide notification No. 02/2020 – Central Tax, dated the 01^st January, 2020, published vide number G.S.R. 4 (E), dated the 01^st January, 2020.

Read More: Notification No. 23/2020 – Central Tax: Seeks to extend due date for furnishing FORM GSTR-1 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir, by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or current financial year, for each of the months from July, 2019 to September, 2019 till 24th March, 2020.

Web Stories: Notification No. 23/2020 – Central Tax: Seeks to extend due date for furnishing FORM GSTR-1 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir, by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or current financial year, for each of the months from July, 2019 to September, 2019 till 24th March, 2020.

Download Pdf: https://taxinformation.cbic.gov.in/