Amendment to Central Goods and Services Tax Rules, 2017

Introduction of Amendment Rules: Amendment titled "Central Goods and Services Tax (Second Amendment) Rules, 2020." Effective from the date of publication in the Official Gazette.

Change in Rule 31A: Effective from March 1, 2020. Substitutes sub-rule (2) regarding the value of supply of lottery.

Deemed Value of Lottery Supply: Deemed value set at 100/128 of the face value of ticket or price notified by the Organizing State, whichever is higher.

Explanation of "Organizing State": Term defined as per clause (f) of sub-rule (1) of rule 2 of the Lotteries (Regulation) Rules, 2010.

Objective of Amendment: Ensures uniform valuation methodology for lottery supplies. Enhances clarity and compliance in the lottery sector.

Compliance Deadline: Registered entities to adhere to the amended rules from the specified effective date. Pramod Kumar, Director, Government of India