https://www.taxtmi.com/caselaws?id=399936 The Appellate Tribunal allowed the early hearing of the appeal filed by the appellant regarding the confirmation of a service tax demand. The appellant, a bank, had availed cenvat credit on Deposit Insurance Service, which was disputed by the tax department. A Larger Bench determined that the insurance service provided by the Deposit Insurance Corporation qualifies as an "input service," allowing banks to avail Cenvat credit. Consequently, the Tribunal set aside the order confirming the service tax demand and ruled in favor of the appellant bank. en-us Tue, 15 Sep 2020 00:00:00 +0530 Fri, 23 Oct 2020 14:49:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399936 The Appellate Tribunal allowed the early hearing of the appeal filed by the appellant regarding the confirmation of a service tax demand. The appellant, a bank, had availed cenvat credit on Deposit Insurance Service, which was disputed by the tax department. A Larger Bench determined that the insurance service provided by the Deposit Insurance Corporation qualifies as an "input service," allowing banks to avail Cenvat credit. Consequently, the Tribunal set aside the order confirming the service tax demand and ruled in favor of the appellant bank. Case-Laws Service Tax Tue, 15 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399936