https://www.taxtmi.com/caselaws?id=403162 The Tribunal ruled in favor of the appellants, allowing them to avail Cenvat Credit for Service Tax paid on insuring public deposits with banks. The decision aligned with a Larger Bench precedent, establishing the eligibility of credit for services provided by the Deposit Insurance Corporation. The Tribunal emphasized the importance of following decisions of Larger Benches for consistency in legal interpretations. Consequently, the department's denial of credit was set aside, and the appeal was granted, providing consequential reliefs to the appellants. en-us Mon, 11 Jan 2021 00:00:00 +0530 Wed, 20 Jan 2021 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403162 The Tribunal ruled in favor of the appellants, allowing them to avail Cenvat Credit for Service Tax paid on insuring public deposits with banks. The decision aligned with a Larger Bench precedent, establishing the eligibility of credit for services provided by the Deposit Insurance Corporation. The Tribunal emphasized the importance of following decisions of Larger Benches for consistency in legal interpretations. Consequently, the department's denial of credit was set aside, and the appeal was granted, providing consequential reliefs to the appellants. Case-Laws Service Tax Mon, 11 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403162