Dhairya Ltd., a supplier registered under GST in Gujarat, is exclusively engaged in manufacturing textile products. It. has opted to pay tax under…

Dhairya Ltd., a supplier registered under GST in Gujarat, is exclusively engaged in manufacturing textile products. It. has opted to pay tax under composition scheme under sub-sections (1) and (2) of section 10 of the CGST Act, 2017. The following information is available in relation to Dhairya Ltd. for the current financial year: Total turnover during the quarter April-June is 1,50,00,000.The option to pay tax under composition scheme lapses from 1st July and it switches to regular scheme as a monthly return filer.Tax paid on inputs lying in stock as on 30th June (Invoice dated 4th May) - CGST - 10,000 and SGST - 10,000.Tax paid on inputs contained in semi-finished goods held in stock as on 30th June- CGST - 5,000 and SGST - 5,000 (Invoice was dated 31st December of preceding financial year).A machinery was purchased on 15th March of preceding financial year for 10,00,000 (taxable value). Applicable GST rate was 12%.On 10th August, Dhairya Ltd. sold goods worth - 2,40,000 to Ahmedabad Municipal Corporation (AMC). The contract with AMC was to supply only goods and not any services.On 15th August, Dhairya Ltd. sold goods worth - 10,00,000 to Fishing Department of Gujarat Government.Apart from the information provided above, sales and purchases worth - 15,00,000 and - 12,00,000 respectively were also reported during the period of July to February.During the month of March of the current financial year, Dhairya Ltd. manufactured 2,500 meters of fabric (Sales value of the fabric is 200 per meter). ITC pertaining to such output was CGST -27,500 and SGST -27,500. Dhairya Ltd. exported 1,500 meters of fabric under bond and sold the balance 1,000 meters of fabric in Gujarat, India. Notes: There is no other outward or inward supply transaction apart from the aforesaid transactions, in the relevant period.Subject to the information given above, assume that all the other conditions necessary for availing ITC have been fulfilled.It is also assumed that due date for any return required to be filed by the taxpayer has not been extended by the Government.Rate of GST applicable on goods manufactured by Dhairya Ltd. under regular scheme is 12%. GST rate applicable on inward supplies is also 12% unless otherwise specified.All the purchases and sales are made within the State except the export sales.All the amounts given above are exclusive of taxes, wherever applicable. Based on the facts of the case scenario given above, choose the most appropriate answer to Q. Nos. 6 to 9 below, carrying 2 marks each:-