in
the form of chance to win in betting, gambling or horse racing in a race club
shall be 100% of the face value of the bet or the amount paid into the
totalisator.Chapter - IV of CGST Rules, 2017
DETERMINATION OF VALUE OF SUPPLY
RULE 31A. Value of supply in case of lottery, betting, gambling and horse racing. (Corresponding Section 15) (Relevant Update)
(1) [helldod 3omit[Notwithstanding anything contained]helldod] in the 2[provisions of this Chapter], the value in respect of supplies specified 1[above] [helldodold[below]helldod] shall be determined in the manner provided hereinafter.
4[(2) The value of supply of 5[game] [helldodold[lottery]helldod] shall be deemed to be 100/128 of the face value of [helldod 6omit[ticket or]helldod] 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 clause (f) of sub-rule (1) of rule 2 of the Lotteries (Regulation) Rules, 2010.]
(3) The value of supply of
actionable claim
in
the form of chance to win in betting, gambling or horse racing in a race club
shall be 100% of the face value of the bet or the amount paid into the
totalisator.
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1. Substituted (w.e.f. 01.01.2025)
2. Inserted (w.e.f 20.01.2025)
3. Omitted (w.e.f 01.02.2025)
4. Inserted (w.e.f. 28.02.2025)
5. Substituted (w.e.f. 10.03.2025)
6. Omitted (w.e.f. 04.08.2025)