CESTAT exempts pre-deposit in life insurance service tax case, citing CBEC clarification. The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellants in a service tax case related to life insurance services. The appellants were ...
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CESTAT exempts pre-deposit in life insurance service tax case, citing CBEC clarification.
The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellants in a service tax case related to life insurance services. The appellants were not required to pre-deposit the service tax and penalties due to clarification from the CBEC regarding allowable reimbursements to agents. The pre-deposit of duties and penalties was completely waived until the appeals were disposed of.
The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellants in a service tax case related to life insurance services. The appellants were not required to pre-deposit the service tax and penalties due to clarification from the CBEC regarding allowable reimbursements to agents. The pre-deposit of duties and penalties was completely waived until the appeals were disposed of.
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