Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
The Appellate Tribunal addressed the issue of CENVAT Credit for insurance services and air travel agency services u/s Rule 2(l) of the Cenvat Credit Rules, 2004. It was held that insurance services qualify as eligible input services if not used for personal use. The insurance services provided coverage for business travel abroad, directly related to the output services. Similarly, air travel agency services for business purposes were deemed eligible input services. The Tribunal cited precedents supporting the admissibility of insurance services for Cenvat credit. The exclusion of certain services post-amendment was discussed, clarifying that insurance and air travel services were not for personal use, thus eligible for Cenvat credit. The impugned order denying Cenvat credit was set aside, ruling in favor of the appellant.
The Appellate Tribunal addressed the issue of CENVAT Credit for insurance services and air travel agency services u/s Rule 2(l) of the Cenvat Credit Rules, 2004. It was held that insurance services qualify as eligible input services if not used for personal use. The insurance services provided coverage for business travel abroad, directly related to the output services. Similarly, air travel agency services for business purposes were deemed eligible input services. The Tribunal cited precedents supporting the admissibility of insurance services for Cenvat credit. The exclusion of certain services post-amendment was discussed, clarifying that insurance and air travel services were not for personal use, thus eligible for Cenvat credit. The impugned order denying Cenvat credit was set aside, ruling in favor of the appellant.
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TaxTMI 
TaxTMI 
