LLD & Co, a Partnership firm, is engaged in manufacturing of electric equipment's in the State of Gujarat. The firm became liable for…

LLD & Co, a Partnership firm, is engaged in manufacturing of electric equipment's in the State of Gujarat. The firm became liable for registration on 14 th April, 2024. It applied for registration on 16 th May, 2024 and was granted registration certificate on 20 th May, 2024. The firm had opted for composition levy under section 10 of the CGST Act, 2017 at the time of registration. Its turnover for the quarter ending June 2024 was 82 lakh, out of which taxable supply was amounting to 80 lakh and exempt supply was amounting to 2 lakh. Its turnover crossed 150 lakh on 9 th July, 2024 and LLD & Co had opted for withdrawal of composition scheme on the said date. The firm provided a supply of equipment to GGY Ltd. (an unrelated limited company) on 20 th July, 2024 having market value of 21 lakh, wholesale value of 22 lakh and maximum retail price was 23 lakh. However, the transaction was made at 18 lakh. During the month of June, 2024, LLD & Co has received one taxable service covered under reverse charge u/s 9(3) of CGST Act, 2017 from a registered supplier Mr. Sachin Kumar in the course of intra-state supply. LLD & Co failed to issue any document to Mr. Sachin Kumar relating to this transaction. Other details for this particular inward service are as follows: Particulars Date Supply of service 03/06/2024 Invoice raised by Mr. Sachin Kumar 09/07/2024 Payment recorded in the books of LLD & Co 07/08/2024 Payment debited in the bank account of LLD & Co 14/08/2024 Payment recorded in the books of Mr. Sachin Kumar 08/08/2024 Payment credited in the bank account of Mr. Sachin Kumar 16/08/2024 LLD & Co has not opted QRMP Scheme. All the amounts given above are exclusive of taxes, wherever applicable. All the supplies referred above are intra-State and price is the sole consideration. Based on the information given above, choose the correct answer for the following Questions Number 10 to 15: