Banking firms must exclude inadmissible credits, like DICGC insurance, from 50% CENVAT credit u/r 6(3B).

Banking firms must exclude inadmissible credits, like DICGC insurance, from 50% CENVAT credit u/r 6(3B). https://www.taxtmi.com/highlights?id=44568 CENVAT credit - input services - Banking company - The amount of 50% of the available credit in a month, required to be paid under Rule 6(3B) of CCR,2004 by the Appellants, cannot include the inadmissible credit of service tax paid on insurance premium paid to DICGC. en-us Mon, 18 Feb 2019 13:03:52 +0530 Mon, 18 Feb 2019 13:03:52 +0530 TaxTMI RSS Generator Banking firms must exclude inadmissible credits, like DICGC insurance, from 50% CENVAT credit u/r 6(3B). https://www.taxtmi.com/highlights?id=44568 CENVAT credit - input services - Banking company - The amount of 50% of the available credit in a month, required to be paid under Rule 6(3B) of CCR,2004 by the Appellants, cannot include the inadmissible credit of service tax paid on insurance premium paid to DICGC. Highlights Service Tax Mon, 18 Feb 2019 13:03:52 +0530 https://www.taxtmi.com/highlights?id=44568