Data Limited commenced business of trading of taxable goods in the State of Assam on 1st April. Aggregate turnover of the company crossed ₹ 20 lakh…

Data Limited commenced business of trading of taxable goods in the State of Assam on 1st April. Aggregate turnover of the company crossed ₹ 20 lakh on 31st May and ₹ 40 lakh on 15th July. The company made the application for registration under GST law on 25th July and the registration certificate was granted on 30th July. The company has opted to file return on monthly basis under regular scheme. The company was exclusively engaged in supply of taxable goods only. The company had following input tax credit lying in the books related to input and input service on different dates: Particulars Amount in (₹) 30th May 14th July 24th July 29th July Input held in stock 10,000 15,000 20,000 40,000 Input services 4,000 6,000 12,000 14,000 During the month of October, the company has installed solar panel at the office premises. Details regarding the installation of solar panel were as follow: Particulars Amount List price of the solar panel ₹5,50,000 Additional information not adjusted or given effect in the list price (a) Trade discount recorded in invoice @ 3% on list price. (b) Local taxes paid ₹ 15,000. (c) Packing charges ₹ 12,000 as a condition of sale. (d) Freight, loading-unloading and installation charges ₹ 15,000 as a condition of sale. In the ordinary course of its business operations, on 10th November, Data Ltd. engages Malhotra & Sons as an agent to sell goods on its behalf. Acting in such capacity, Malhotra & Sons sold goods to Bravion Associates on 25th November, on behalf of Data Ltd. In the month of November, Data Ltd. received an order from the Adjudicating Authority in Maharashtra, wherein a demand of tax amounting to ₹ 1 crore and penalty amounting to ₹ 10 lakh and interest amounting to ₹ 25 lakh was confirmed by the Adjudicating Authority. Data Ltd. feels that it has a strong case in the matter before the Appellate Authority. Data Ltd. issued tax invoice in relation to certain supplies wherein the total tax collected from the recipients amounted to 3 crore. Subsequently, it was noticed that the supplies were not liable to GST and the amount has been wrongly collected by Data Ltd. from the recipients of supply. Note: All amounts given above are exclusive of taxes, wherever applicable. All supplies are intra-State and chargeable to GST @ 9% each under CGST and SGST. Based on the facts of the case scenario given above, choose the most appropriate answer to Q. Nos. 13 to 18 below, carrying 1 mark each: