Why GST Should Be Added While Considering Sum Insured for Stocks?
When businesses insure their stock, one critical question often arises: Should GST be included in the sum insured? The answer is a clear yes—and here’s why
Fire Insurance (Fixed Assets & Stocks)
Bharat Sookshma Udyam Suraksha vs. Bharat Laghu Udyam Suraksha vs. Standard Fire & Special Perils: What’s Actually Covered?
If you run a business in India, “fire insurance” usually means one of these three: Bharat Sookshma Udyam Suraksha (BSUS), Bharat Laghu Udyam Suraksha (BLUS), or the older Standard Fire
Under Which GST Section Should GST Be Reversed in Insurance Claims?
Section 17(5)(h) of the CGST Act, 2017 This is the critical provision every business owner must know. When stock is damaged, lost, destroyed, or written off, Input Tax
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