Intraday trading is one of the most crucial and critical aspect of Finance. We know that in Intraday trading we have to settle the trade within a day.
Input Tax Credit is credit available to a person registered under GST on payment of Input Tax. In this article, we will understand the manner to utilize ITC available under various heads of GST.
The procedural requirements in case an inter-state transaction is wrongly treated intra-state or vice-versa, increase. Therefore, determining the place of supply is of paramount importance.