Banks Can Avail CENVAT Credit for Service Tax Paid on Deposit Insurance as an Input Service.

Banks Can Avail CENVAT Credit for Service Tax Paid on Deposit Insurance as an Input Service. https://www.taxtmi.com/highlights?id=53689 CENVAT Credit - Input Services - the insurance service provided by the Deposit Insurance Corporation to the banks is an “input service” and CENVAT credit of service tax paid for this service received by the banks from the Deposit Insurance Corporation can be availed by the banks for rendering ‘output services’. en-us Sat, 13 Jun 2020 10:17:58 +0530 Sat, 13 Jun 2020 10:17:58 +0530 TaxTMI RSS Generator Banks Can Avail CENVAT Credit for Service Tax Paid on Deposit Insurance as an Input Service. https://www.taxtmi.com/highlights?id=53689 CENVAT Credit - Input Services - the insurance service provided by the Deposit Insurance Corporation to the banks is an “input service” and CENVAT credit of service tax paid for this service received by the banks from the Deposit Insurance Corporation can be availed by the banks for rendering ‘output services’. Highlights Service Tax Sat, 13 Jun 2020 10:17:58 +0530 https://www.taxtmi.com/highlights?id=53689