M/s. Veena & Co. of Jabalpur was registered under GST under composition scheme. Outward Supply of the firm for the month of July 2023 was ₹10 lakh, out of which ₹2 lakh was supply of services. In the preceding financial year, the firm was doing trading of taxable goods only. Turnover of the concern for the previous financial year was ₹100 lakh. The firm imported the following services during August, 2023: (a) Architect services from Mr. Vinod, a partner of the firm, who resides in France for ₹1,00,000. The said service was paid but not used for the furtherance of the business. (b) Management consultancy services from Mr. Lal, a renowned lawyer in Sweden, who was an ex-employee of the firm. The value of the said service was ₹3,00,000. Even though it was used in the furtherance of the business, no consideration was paid by the firm. Aggregate Turnover of the firm crossed the limit of ₹150 lakh on 25.09.2023 from which date the firm was liable to pay tax under regular scheme. All the amounts given above are exclusive of taxes wherever applicable. All the supply referred above is intra-State unless specified otherwise. From the information given above, choose the most appropriate answer for the 9-11 questions:
Sub-questions (3)
Tax liability of Veena & Co. for the month of July 2023 is ₹ _____ each under CGST and SGST.
(A) 5,000
(B) 9,000
(C) 10,000
(D) 14,000
Import of services by Veena & Co. that will be treated as supply is ₹ ________
(A) Nil
(B) ₹ 1,00,000
(C) ₹ 3,00,000
(D) ₹4,00,000
Veena & Co. will be eligible to claim ITC held on Stock and Capital goods as on ________
(A) 01-09-2023
(B) 24-09-2023
(C) 25-09-2023
(D) 30-09-2023