Concerns for Businesses: GST ITC Restriction on CSR Spend Introduction: Concerns for Businesses: GST ITC Restriction on CSR Spend highlights the crucial role of a robust VAT system in maintaining a seamless flow of Input Tax Credit (ITC). However, businesses face challenges in determining the eligibility of ITC, particularly regarding the Goods and Services Tax (GST) paid for fulfilling Corporate Social Responsibility (CSR) obligations. This article focuses on the debate surrounding whether CSR expenditure can […]

What is the Moratorium Period in Health Insurance? Understanding the Moratorium Period and its Significance in Health Insurance The moratorium period, also known as the look-back period, is an essential clause in health insurance that safeguards policyholders. In this article, we will explore the moratorium period in health insurance, how it differs from the free-look period and waiting period, and why it matters to policyholders. Understanding the Moratorium Period The moratorium period acts as a […]

How Insurers Use Chat GPT-4 Pro to Manage Disaster Risk and Protect Customers In an era marked by increasing climate-related disasters, insurers are turning to advanced technologies like Chat GPT-4 Pro to better gauge and manage the risks associated with natural perils. Consequently, Enhancing Insurance Risk Assessment policies are evolving, offering users more personalized and competitive coverage options. Key Features and Benefits of Chat GPT-4 Pro:Enhancing Insurance Risk Assessment Advanced Risk Assessment: Chat GPT-4 Pro […]

Lenders Bear Brunt as RBI Implements Stricter Regulations The Reserve Bank of India (RBI) took action to rein in credit-fueled consumption, causing shares of financial companies to decline. Non-bank lenders with significant consumer credit portfolios were hit the hardest, while larger, well-capitalized banks experienced milder effects. Impact on Financial Stocks Following the RBI’s move to curb credit-fueled consumption, financial stocks faced a sell-off. State Bank of India, Axis Bank, ICICI Bank, and Bajaj Finance Ltd […]

Sahara return Portal: Step-by-step instructions for Sahara group depositors seeking a return. Synopsis Genuine and authentic depositors of the four Sahara Societies listed below are entitled for a return through the CRCS Sahara return Portal. On July 18, 2023, Union Home Minister and Minister of Cooperation Amit Shah unveiled the Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal. Who gets paid first? Amit Shah said that the first payment of up to Rs10,000 would be […]