Bhaskar (P) Ltd., registered under GST in Delhi, is engaged in trading of cement as well as providing services by way of renting of commercial…

Bhaskar (P) Ltd., registered under GST in Delhi, is engaged in trading of cement as well as providing services by way of renting of commercial properties. On 2 nd January, it received a contract for supply of 1,000 kg cement from Ruksana (P) Ltd., registered under GST in Punjab. Ruksana (P) Ltd. directed Bhaskar (P) Ltd. to send the consignment to Prem & Sons, registered under GST in Gujarat. Bhaskar (P) Ltd. prepared the consignment on 4 th January and dispatched the same on the next day from its warehouse in Gurugram, Haryana. The invoice was also issued on 5 th January. On 7 th January, it received the cheque and accountant entered the payment in books of accounts. However, he presented the cheque in bank on 14 th January which was credited in the bank account of the company on 15 th January. In the meanwhile, on 10 th January, the rate of tax on cement was reduced from 28% to 18%. On the inspection of said goods, it was found that there is some deficiency in the quality of goods and therefore, the defective goods were returned to Bhaskar (P) Ltd. Bhaskar (P) Ltd. issued credit note for the same on 20 th January. Bhaskar (P) Ltd. let out its property located in Delhi for a year in lieu of monthly rental income and received rent for the month of January from Ruksana (P) Ltd. on 10 th February. Ruksana (P) Ltd. will establish its sales outlet on the same. However, as per the contract entered, the rent for a month should have been received by 7 th of the following month. Based on the facts of the case scenario given above, choose the most appropriate answer to Q. Nos. 11 to 13 below, carrying 2 marks each: