https://www.taxtmi.com/caselaws?id=399935 The Tribunal allowed the appeal by the appellant bank, affirming its eligibility to avail Cenvat Credit on the insurance service received from DICGC. This decision was based on a precedent set by a Larger Bench, which clarified that such insurance services qualify as "input services" for banks. Consequently, the Tribunal set aside the impugned order and dismissed the Revenue's appeal, ensuring consistency in the interpretation of "input service" for Cenvat Credit purposes in banking services. en-us Mon, 07 Sep 2020 00:00:00 +0530 Tue, 05 Nov 2024 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399935 The Tribunal allowed the appeal by the appellant bank, affirming its eligibility to avail Cenvat Credit on the insurance service received from DICGC. This decision was based on a precedent set by a Larger Bench, which clarified that such insurance services qualify as "input services" for banks. Consequently, the Tribunal set aside the impugned order and dismissed the Revenue's appeal, ensuring consistency in the interpretation of "input service" for Cenvat Credit purposes in banking services. Case-Laws Service Tax Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399935