https://www.taxtmi.com/caselaws?id=398236 The Tribunal at CESTAT Bangalore allowed the appeal filed by an insurance company against the denial of CENVAT credit for the period in question. The dispute centered on the treatment of premium collected for ULIP policies, with the Revenue arguing that since service tax was not paid on the investment portion, the appellant was not eligible for credit on agent commissions. The Tribunal held that the appellant provided insurance services, not exempt services, and correctly availed credit under Rule 6(5). It determined that the services of insurance agents constituted eligible input services and set aside the demand of service tax, interest, and penalty in favor of the appellant. en-us Tue, 18 Aug 2020 00:00:00 +0530 Thu, 10 Sep 2020 10:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398236 The Tribunal at CESTAT Bangalore allowed the appeal filed by an insurance company against the denial of CENVAT credit for the period in question. The dispute centered on the treatment of premium collected for ULIP policies, with the Revenue arguing that since service tax was not paid on the investment portion, the appellant was not eligible for credit on agent commissions. The Tribunal held that the appellant provided insurance services, not exempt services, and correctly availed credit under Rule 6(5). It determined that the services of insurance agents constituted eligible input services and set aside the demand of service tax, interest, and penalty in favor of the appellant. Case-Laws Service Tax Tue, 18 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398236