Value of supply in case of lottery, betting, gambling and horse racing.

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..... etermined 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 ( .....

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..... ts 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 expressions- (a) lottery run by State Governments means a lottery not allowed to be sold in any State other than the organizing State; (b) lottery authorised by State Governm .....

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