Whether prize money should be excluded in determining the face value of lottery tickets for the purpose of levying GST ?
Issue Favourable to Tax Payer ?:- no
Held - The value of taxable supply is a matter of statutory regulation and when the value is to be transaction value which is to be determined as p.....
Issue Favourable to Tax Payer ?:- yes
Held - It is observed that no service has been provided by the Applicant- Respondent to the racing clubs for the Prize.....
Issue Favourable to Tax Payer ?:- no
Held - The applicant is undertaking the activity of rearing, training, maintaining and providing the horses, that are .....