Meridian Furnishings Pvt. Ltd. (MFPL) is a manufacturer of premium wooden furniture, registered under GST in Jaipur, Rajasthan. It also provides…

Meridian Furnishings Pvt. Ltd. (MFPL) is a manufacturer of premium wooden furniture, registered under GST in Jaipur, Rajasthan. It also provides ancillary services and undertakes various other transactions. Details of its activities for the month of November are as under (all figures are exclusive of GST unless otherwise stated): (A) Outward supplies Particulars Amount (₹) (i) Supply of furniture to registered dealers. The contract for supply of furniture is to deliver the furniture at dealers' premises alongwith packing services Within Rajasthan ₹32,00,000 Outside Rajasthan ₹52,00,000 84,00,000 (ii) Diwali gift hampers sold to corporate clients within Rajasthan. Each hamper is a promotional combo of furniture polish, scented candles and wooden coasters, sold together at a single price 3,00,000 (B) Other transactions (i) Stock transfer of finished furniture to MFPL's own branch in Delhi. MFPL issues a tax invoice at ₹8,00,000. The open market value of the goods is ₹10,00,000. The Delhi branch is eligible to avail full input tax credit on this transfer. (ii) Diwali gifts of ₹45,000 each given to 10 employees (no other gifts were given to them during the year; no ITC was availed on the gifts). (iii) Disposal of the old wood-cutting machine free of cost to scrap dealer; market value ₹1,20,000. (iv) An old wooden almirah, purchased years ago from an unregistered dealer (no ITC ever availed on it), was donated to an NGO; market value ₹15,000. (v) MFPL received an order from Rajasthan Retail Hub (a dealer registered in Jaipur, Rajasthan), directing MFPL to ship furniture worth ₹6,00,000 directly to Rajasthan Retail Hub's customer, Om Interiors, located in Ahmedabad, Gujarat. The invoice for the supply was raised on Rajasthan Retail Hub. (vi) MFPL received legal consultancy services worth ₹80,000 from Mr. Sharma, an individual practising advocate based in Jaipur. The services were used for MFPL's business. (vii) Health insurance premium paid for factory workers during November (not obligatory under any law): GST paid ₹21,600 (CGST ₹10,800 + SGST ₹10,800). (viii) Freight paid to a GTA (registered in Rajasthan) for inward transportation of raw material (timber): ₹2,00,000. Tax was paid under RCM @ 5% (CGST ₹5,000 + SGST ₹5,000). (ix) Raw material purchased from a supplier in Uttar Pradesh: IGST paid ₹90,000. Note - 1. Opening balance of ITC for the relevant period: CGST ₹40,000; SGST ₹40,000; IGST ₹2,00,000. All other conditions necessary for claiming ITC stand complied with, except where stated otherwise. 2. Rate of GST applicable on furniture, furniture polish, scented candles and legal services is 18% (9% CGST + 9% SGST, or IGST 18%) and on Wooden coasters, packing services and transportation services is 5% (2.5% CGST + 2.5% SGST, or IGST 5%).