Levy of tax on lotteries - Valuation - when prize paid by the ...

Case Laws     GST

December 4, 2020

Levy of tax on lotteries - Valuation - when prize paid by the distributor/agent is not contemplated to be excluded from the value of taxable supply, we are not persuaded to accept the submission of the petitioner that prize money should be excluded for computing the taxable value of supply the prize money should be excluded. - while determining the taxable value of supply the prize money is not to be excluded for the purpose of levy of GST - SC

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