CBIC publishes the Central Goods and Services Tax (Second Amendment) Rules, 2020

Mar 03, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on March 02, 2020, publishes the Central Goods and Services Tax (Second Amendment) Rules, 2020 to further amend the Central Goods and Services Tax Rules, 2017.

However, with effect from March 01, 2020, Rule 31A(2) of the  Central Goods and Services Tax Rules, 2017 which specifies the value of supply in case of lottery, betting, gambling, and horse racing, will be substituted, namely:

Sub-rule (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 Organising State, whichever is higher.

Explanation: For the purposes of this sub-rule, the expression “Organising State” has the same meaning as assigned to it in rule 2(1)(f) of the Lotteries (Regulation) Rules, 2010.

As per the Lotteries (Regulation) Rules, 2010, Organising State meansthe State Government which conducts the lottery either in its own territory or sells its tickets in the territory of any other State.

Save as otherwise provided in these rules, they will come into force on the date of their publication in the Official Gazette.

[Notification No. 08/2020 – Central Tax]


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