Charm Limited, registered under GST in the State of Jharkhand, manufactures cosmetic products and appointed Mr. Handsome of Mumbai, who is registered under GST in the State of Maharashtra, as their Del-credere agent (DCA) to sell their products. Being a DCA, he agrees to raise invoices in his own name and also guarantees for the realization of payments from customers to Charm Limited. In order to realize the payments from customers on time, he extends short term transaction based loans to them and charges interest for the same. Mr. Handsome provides you the following details of transactions carried out during the month of March 2022: Sl. No.ParticularsAmount in (₹) Outward supply: i.Goods sold by Mr. Handsome in his DCA capacity (intra -State transaction)2,80,000 ii.Interest earned from the above customers for short term credit facility provided for timely payment of dues. (intra-State transaction)20,000 iii.Commission bill raised on Charm Limited (inter-State transaction) in respect of DCA services provided.30,000 Inward supply: ivInter-State supply of goods received from Charm Limited. Being a DCA, no consideration was paid. Value under section 15 - ₹2,00,000Nil V.Received training in marketing and distribution from Charm Limited as per DCA agreement, free of cost. Company charges ₹75,000 for such training when it provides the same to others.Nil Applicable rate of tax on both inward and outward supplies is 9% each for CGST and SGST and 18% for IGST. Amounts given above are exclusive of taxes wherever applicable. Subject to the information given above, necessary conditions are complied with for availment of input tax credit. You are required to calculate the gross GST liability and eligible input tax credit for the month of March 2022 of Mr. Handsome. Brief notes should form part of your answer for treatment of items in Sl. No. (i) to (v).

Answer the following, after reading the below given two paragraphs: (i) Briefly discuss the relevant provision (ii) decide the correct conclusion and (iii) determine the validity of the given advice (Correct/Incorrect) (I) Raju is engaged in the manufacture of 'Fly ash Bricks' in the State of Kerala. He started his activity in the month of April 2022 and deals only in intra-State. His tax consultant advised him to register under composition levy under GST as Raju's turnover is expected to be below ₹1 crore for the said financial year. (II) Dharun provides service as a business facilitator to Zio Bank Limited by facilitating in opening of bank accounts to villagers in its rural branches in Punjab and earned a commission of ₹22 lakh in the month of April, 2022. So far he is not registered under GST. Dharun's tax consultant advised him that he is liable for registration under GST as his gross receipts exceeded ₹20 lakh. Dharun has no other receipt / business activity other than the above.