Mr. Bindusaar, a practicing Chartered Accountant, based in Hyderabad, is registered under GST in the State of Telangana. He undertook following…

Mr. Bindusaar, a practicing Chartered Accountant, based in Hyderabad, is registered under GST in the State of Telangana. He undertook following transactions/activities during the current financial year: (1) He provided consultancy services to Edward Tours, a UK based entity engaged in the business of e-commerce in the field of tour and travels, having its office at UK. Edward Tours paid a sum of Euro 95,000 to Mr. Bindusaar billed @ 75 per Euro. Mr. Bindusaar made travel to UK several times during the year and incurred Euro 5,000 @75 as incidental expenses (including VAT paid - 10,000) which was ultimately charged from Edward Tours. Edward Tours also paid a sum of EURO 5,000 @75 to Mr. Bindusaar as interest on account of delay in payment of agreed consideration. Mr. Bindusaar also hired the services of a professional firm based in UK to complete the assignment of providing services to Edward Tours and paid Euro 10,000 @75. This was not recovered from Edward Tours. (2) Mr. Bindusaar's taxable earnings for services provided in India for the financial year are - 85,00,000. In addition to this, Mr. Bindusaar also provided return filing services free of charge in the month of July to Indian residents who were economically weaker. Open market value of such services was - 1,40,000. Further, in July, Mr. Bindusaar also provided financial services to his real brother Mr. Shiv who is working at an IT company and earning handsomely, for 75,000 (invoice value). However, Mr. Bindusaar offered him 90% discount on the invoice raised to him. Therefore, Mr. Shiv paid - 7,500 only. Notes: The rates of tax are 9% (CGST), 9% (SGST) and 18% (IGST) on all inward/ outward supplies. 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 10 to 12 below, carrying 2 marks each:-