BCM Ltd., a public limited company ('Company'), registered in Uttar Pradesh, is engaged in manufacturing of Product A, Product B and Product C.…

BCM Ltd., a public limited company ('Company'), registered in Uttar Pradesh, is engaged in manufacturing of Product A, Product B and Product C. Product A is exempt under GST while Product B and Product C are taxable under GST. Moreover, Company is engaged in making cross border supplies of taxable Product D procured domestically from local manufacturers. Further, it is engaged in supplying consultancy services. Following information is provided by the Company for the month of January: The Company manufactured Product A and exported 1,000 units of the same worth - 8,00,000 to Germany.The Company supplied Product C of value of 35,00,000 to Dhriti Ltd. Noida, Uttar Pradesh (including Product C worth - 10,00,000 supplied to SEZ unit of Dhriti Ltd. in Noida).The Company imported specialised heavy textile machinery from China on 2 nd January, with CIF value of 55,00,000 and FOB value of 53,00,000. It sold the said machinery for 62,00,000 in high sea to Swadeshi Textiles, Delhi. While clearing the goods for home consumption, Swadeshi Textiles filed bill of entry for 63,00,000. After clearing the machinery for home consumption, Swadeshi Corporation sold the machinery to Gargi Industries for 70,00,000.The Company purchased Product Z for 10,00,000 from Prism Corporation, Japan on 5 th January and directly routed Product Z for supply to Ginsing Corporation, China for 12,00,0000 on 15 th January.The Company purchased Product D as a merchant exporter for 7,00,000 vide a tax invoice dated 1 st January from Shravan Ltd., a manufacturer registered in Maharashtra. Product D was removed on 2 nd January from the premises of Shravan Ltd. supplied directly to a registered warehouse. Shravan Ltd. has procured inputs X and inputs Y worth - 1,00,000 and - 60,000 taxable @ CGST - 9%, SGST - 9% and IGST - 18% for manufacturing Product D. Product D was exported by the Company to Gates Inc. of USA. FOB value of Product D exported is 8,40,000.The Company supplied consultancy services to its subsidiary company, XYZ Inc., located and registered in Florida, USA and to its branch office located in San Diego, USA for 12,00,000 and - 24,00,000 (value of supply in both cases is determined as per rule 28 respectively).Company sold a future derivative contract at NSE (National Stock Exchange) which was due in the month of January, for 20,00,000. Said contract had no delivery option. Notes: A. Rates of CGST, SGST and IGST on all inward and outward supplies unless otherwise specified are 6%, 6% and 12%. B. All the figures given above are exclusive of GST, wherever applicable. The amounts given in respect of import and export transactions in rupees have been arrived after conversion thereof, though transactions were undertaken in convertible foreign currency. C. BCM Ltd. makes zero-rated supplies under a bond or letter of undertaking (LUT).