SECTION B: INDIRECT TAXES 1. Section B comprises of questions from 5-8. In Section B, answer question no. 5 which is compulsory and any two questions from question nos 6-8. 2. Working notes should form part of the answer. 3. All questions in Section B should be answered on the basis of position of GST law as amended by the significant notifications/ circulars issued upto 31st October, 2021. Zeon Ltd., a GST registered supplier located in Ranchi, Jharkhand, is engaged in the manufacturing of washing machines & mixer grinders. It provides you the details of various activities undertaken during the month of September, 2021 as follows: SI. No.ParticularsAmount (₹) (i)Outward supplies made during the month a. Within Jharkhand₹ 24,00,000 b. Outside Jharkhand₹5,00,000 29,00,000 (ii)Purchase of raw materials from registered dealers within Jharkhand which includes materials worth ₹ 2,00,000 purchased from Mr. Krishna, a registered person who is paying tax under composition scheme.7,00,000 (iii)Bus purchased from a registered dealer in Tatanagar, Jharkhand. Bus used to ferry its 25 workers to and from factory.12,00,000 Assume the rates of GST applicable on various supplies as follows: Nature of supplyCGSTSGSTIGST Composition supplies0.5%0.5%- Bus14%14%28% Raw material6%6%12% Washing machines & mixer grinders9%9%18% Opening balances of input tax credit as on 01/09/2021 were as follows: CGST (₹)SGST (₹)IGST (₹) 20,0005,00095,000 Note: (i) All the figures mentioned above are exclusive of taxes. (ii) Both inward & outward supplies within the State of Jharkhand are to be considered intra-State supplies and outside the State of Jharkhand are inter-State supplies. (iii) Subject to information given above, all the other conditions necessary for availing ITC have been fulfilled. Calculate the amount of net minimum GST payable in cash by Zeon Ltd. for the month of September, 2021. Brief and suitable notes should form part of your answer.