https://www.taxtmi.com/caselaws?id=369286 Re-insurance premium service tax was held admissible as Cenvat credit because re-insurance is a statutory and integral part of the insurance business with a direct nexus to the output insurance service; denial of credit would defeat the Cenvat scheme and create double taxation. The demand based on alleged excess adjustment of service tax was not finally confirmed because the record required verification of challans and ST-3 returns to determine whether earlier excess tax had been validly adjusted against later liability. The credit issue was decided in favour of the assessee, while the adjustment-related demand was remanded for de novo adjudication. en-us Tue, 25 Sep 2018 00:00:00 +0530 Wed, 24 Oct 2018 09:13:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369286 Re-insurance premium service tax was held admissible as Cenvat credit because re-insurance is a statutory and integral part of the insurance business with a direct nexus to the output insurance service; denial of credit would defeat the Cenvat scheme and create double taxation. The demand based on alleged excess adjustment of service tax was not finally confirmed because the record required verification of challans and ST-3 returns to determine whether earlier excess tax had been validly adjusted against later liability. The credit issue was decided in favour of the assessee, while the adjustment-related demand was remanded for de novo adjudication. Case-Laws Service Tax Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369286