https://www.taxtmi.com/caselaws?id=293226 Re-insurance services used by a general insurer were treated as an integral and statutorily required part of the insurance business, having a direct nexus with the taxable output service, so CENVAT credit was admissible. The 01.04.2012 amendment to Rule 2(l) was held not to exclude re-insurance services, because the exclusion was confined to specified motor vehicle-related general insurance services and did not curtail credit on re-insurance, including for other than motor vehicles. Re-insurance obtained through the Insurance Pool was also regarded as genuine re-insurance service, supported by invoicing and tax discharge, and credit on such transactions was allowed. en-us Wed, 04 Mar 2020 00:00:00 +0530 Tue, 16 Feb 2021 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293226 Re-insurance services used by a general insurer were treated as an integral and statutorily required part of the insurance business, having a direct nexus with the taxable output service, so CENVAT credit was admissible. The 01.04.2012 amendment to Rule 2(l) was held not to exclude re-insurance services, because the exclusion was confined to specified motor vehicle-related general insurance services and did not curtail credit on re-insurance, including for other than motor vehicles. Re-insurance obtained through the Insurance Pool was also regarded as genuine re-insurance service, supported by invoicing and tax discharge, and credit on such transactions was allowed. Case-Laws Service Tax Wed, 04 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293226