https://www.taxtmi.com/caselaws?id=399607 The Tribunal allowed the appellant's request for early hearing of the appeal against a service tax demand, interest, and penalty imposed on M/s. Induslnd Bank Ltd. The dispute centered on the availment of cenvat credit on Deposit Insurance Service, with conflicting views by different benches. Referring to a Larger Bench decision, it was clarified that the insurance service provided by the Deposit Insurance Corporation qualifies as an input service under the Cenvat Credit Rules, 2004. Consequently, the Tribunal set aside the impugned order and ruled in favor of the appellant. en-us Tue, 29 Sep 2020 00:00:00 +0530 Thu, 15 Oct 2020 13:02:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399607 The Tribunal allowed the appellant's request for early hearing of the appeal against a service tax demand, interest, and penalty imposed on M/s. Induslnd Bank Ltd. The dispute centered on the availment of cenvat credit on Deposit Insurance Service, with conflicting views by different benches. Referring to a Larger Bench decision, it was clarified that the insurance service provided by the Deposit Insurance Corporation qualifies as an input service under the Cenvat Credit Rules, 2004. Consequently, the Tribunal set aside the impugned order and ruled in favor of the appellant. Case-Laws Service Tax Tue, 29 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399607