https://www.taxtmi.com/caselaws?id=291087 The appeal addressed the admissibility of Cenvat credit for Service Tax on Insurance Premium paid by banks to DICGC for mandatory insurance coverage of customer deposits. The conflicting findings by Division Benches of CESTAT led to a request for a Larger Bench to clarify whether the insurance premium falls within the definition of service and if the Service Tax paid qualifies as eligible input credit for Banking Institutions. The appeal resulted in the release of the file pending the final verdict of the Larger Bench to provide clarity on the admissibility of Cenvat credit in such cases. en-us Thu, 27 Jun 2019 00:00:00 +0530 Wed, 28 Oct 2020 09:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291087 The appeal addressed the admissibility of Cenvat credit for Service Tax on Insurance Premium paid by banks to DICGC for mandatory insurance coverage of customer deposits. The conflicting findings by Division Benches of CESTAT led to a request for a Larger Bench to clarify whether the insurance premium falls within the definition of service and if the Service Tax paid qualifies as eligible input credit for Banking Institutions. The appeal resulted in the release of the file pending the final verdict of the Larger Bench to provide clarity on the admissibility of Cenvat credit in such cases. Case-Laws Service Tax Thu, 27 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291087