1. I am able to build the image using bit bake successfully without adding QT packages.
2. The moment when add QT packages like this in .bb file in receipes-core like below

IMAGE_INSTALL += "qtbase qtdeclarative qtquickcontrols2 qtgraphicaleffects qttools" - the circular dependency issue is coming all the 3 scenario's
   with meta-qt5.12, meta-qt5.15, meta-qt6.11