Rule 31A. Value of supply in case of lottery, betting,
gambling and horse racing. -
(1) 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.
2[(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 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.]
