Ms. Priyanka Nair of Karnataka, unregistered under GST, is engaged in supplying taxable goods and services within Karnataka. In beginning of April,…

Ms. Priyanka Nair of Karnataka, unregistered under GST, is engaged in supplying taxable goods and services within Karnataka. In beginning of April, she rents out a shop owned by her to Reliance Retail Ltd. (a company registered under regular scheme under GST) for commercial use. She also rents out her residential flat to Ronn Traders Pvt. Ltd. (a registered company), which uses it to provide residential accommodation to its manager. In the month of May, since her turnover exceeded the threshold limit, she obtained registration under GST in the name of Priyanka & Co., a proprietorship concern, in the State of Karnataka. During the month of September, following transactions were undertaken: Supplied taxable goods to unregistered buyers for ₹ 30,000. Priyanka & Co. provided local delivery services worth ₹ 2,00,000 through electronic commerce operator, Rideasy. Priyanka & Co. sold the shop, earlier rented to Reliance Retail Ltd., for ₹ 12,40,000. Priyanka & Co. paid ₹ 12,000 towards rent to the Local Municipal Corporation for a shop taken on rent at a bus terminal in Karnataka. Ms. Priyanka purchases a family floater life insurance policy from Jeevan Raksha Life Insurance Company. Maharashtra, for a premium of ₹ 2,00,000, covering herself, his wife and two dependent children. Premium is paid from the bank account of the proprietorship firm. Priyanka & Co. availed services of a works contractor (registered in Karnataka) for repair of its office building in Karnataka worth ₹ 1,00,000. The firm booked such expenditure in its profit and loss account. Additional information: 1. In the month of October, Priyanka & Co. paid ₹ 30,000 as agency commission to Mr. Radheyshyam, del-credere agent (DCA) of Priyanka & Co. who has also guaranteed the realization of payments from customers. The commission paid to Mr. Radheysham was in respect of a supply of goods made by Mr. Radheyshyam in August in his DCA capacity worth ₹2,80,000 to the customers and earned an interest of ₹20,000 from the said customers. 2. In October, Priyanka & Co., a GST-registered proprietorship concern in Karnataka, enters into a contract with Multiplex Marvels Pvt. Ltd. to provide annual maintenance services for HVAC systems installed in its cinema halls on a monthly basis. As per the contract, Multiplex Marvels Pvt. Ltd. is obligated to make payment for services rendered in a particular month by the 15th of the following month. For services rendered in November, Priyanka & Co. raised the invoice on 12th December and received payment on 10th December. Services were provided on 30th November. All the amounts given above are exclusive of tax, wherever applicable. Applicable rates of GST for goods and services are 9%, 9% and 18% for CGST, SGST and IGST respectively. Subject to the information given above, conditions for availing ITC are complied with.