CGST (2nd Amendment) Rules, 2020 notified by CBIC

CBIC notifies the CGST (2nd Amendment) Rules, 2020 to amend CGST Rule 31A w.e.f. 01/03/2020 relating to value of supply of lottery tickets.

CBIC Central Tax Notification 08/2020 dt. 02/03/2020: CGST (2nd Amendment) Rules, 2020

G.S.R. 147(E). – In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-

1. (1) These rules may be called the Central Goods and Services Tax (Second Amendment) Rules, 2020.

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

2. In the Central Goods and Services Tax Rules, 2017, with effect from 01/03/2020, in rule 31A, for sub-rule (2), the following sub-rule shall be substituted, namely:-

(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.

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification No. 3/2017 Central Tax, dated 19/06/2017, vide number G.S.R. 610(E), dated 19/06/2017 and last amended vide notification No. 02/2020 Central Tax, dated 01/01/2020, published vide number G.S.R. 4(E), dated 01/01/2020.

CGST (3rd Amendment) Rules, 2020 notified by CBIC