Mr. Suraj Rao of Bhilwara (Rajasthan) is a registered person under GST and is filing monthly returns. His turnover for the financial year 2023-24…

Mr. Suraj Rao of Bhilwara (Rajasthan) is a registered person under GST and is filing monthly returns. His turnover for the financial year 2023-24 was - 1.25 crores. He is engaged in the business of various goods and services. He provided the details of following transactions/supplies undertaken by him during the month of February 2025: (i) He executed a hedging contract for a commodity with NCDEX at a price of 1,100 per unit for 600 units. Original contract of purchase of the commodity was made @1,000 per unit. On the date of expiry of future contract i.e. 28th February 2025, the rate of commodity was 900 per unit. He squared off the contract without physical delivery of the commodity. He paid - 2,000 each at the time of entry and exit off the future contract. (ii) He provided repair and maintenance service related to generator to Mr. Rajendra on 05th February, 2025 involving both supply of goods being spare parts and supply of service being labour charges. He disclosed the value of goods at 10,800 and value of service at 25,000 separately in the invoice issued in this regard. Details of inward supplies during the month: (i) Purchase of goods for 20,00,000 from a registered person (it includes - 5,00,000 towards purchase of goods which are exempted). (ii) Purchased a truck for 8,00,000 for transportation of goods for delivery to customers. No depreciation was claimed on GST portion. (iii) Incurred - 3,50,000 on renovation of office building and debited the expenses (excluding the GST portion) in the Profit and Loss account under repair and maintenance head. (iv) Mr. Suraj Rao went to Surat, Gujarat for a business meeting which was mandatory under a law for the time being in force in February 2025 and stayed in a GST registered hotel named "A One Hotel" for few days. Room accommodation charges for 50,000 (taxable value) was paid for the stay. Other information: (i) Due to the accountant on leave, GSTR-3B for the month of February, 2025 could not be filed on due date prescribed i.e. 20th March, 2025. It was filed on 31st March, 2025. (ii) Suraj Rao collected an advance payment of 2,00,000 plus applicable GST for provision of service in the month of September, 2024. However, no tax was deposited on such advance money to the Government even though 5 months has elapsed. All amounts given above are exclusive of taxes, wherever applicable. All supplies are intra-State except otherwise mentioned. All the supplies of goods and services are chargeable to GST @ 9% each under CGST & SGST and @ 18% under IGST except spare parts which are chargeable @ 2.5% each under CGST & SGST and @ 5% under IGST. Examine the above case scenario and based on the information given above, choose the correct and most appropriate answer to Questions Nos. 4 to 9 below: