https://www.taxtmi.com/caselaws?id=375061 Investment by a life insurer in approved securities, made to satisfy statutory investment obligations under the Insurance Act, 1938, was held not to be a separate exempted trading activity. The investment-management element formed an inseparable part of the life insurance service, which was taxable on the full premium collected, including that component, after the 01.05.2011 amendment. As the activity was not an exempted service, Rule 6 of the CENVAT Credit Rules, 2004, which applies only to common inputs or input services used for taxable and exempted services, did not require reversal of credit. The assessee's appeal therefore succeeded. en-us Thu, 07 Feb 2019 00:00:00 +0530 Thu, 14 Feb 2019 06:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375061 Investment by a life insurer in approved securities, made to satisfy statutory investment obligations under the Insurance Act, 1938, was held not to be a separate exempted trading activity. The investment-management element formed an inseparable part of the life insurance service, which was taxable on the full premium collected, including that component, after the 01.05.2011 amendment. As the activity was not an exempted service, Rule 6 of the CENVAT Credit Rules, 2004, which applies only to common inputs or input services used for taxable and exempted services, did not require reversal of credit. The assessee's appeal therefore succeeded. Case-Laws Service Tax Thu, 07 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375061