https://www.taxtmi.com/caselaws?id=423698 Service tax paid on premium to the Deposit Insurance and Credit Guarantee Corporation for insuring bank deposits is admissible as CENVAT credit because deposit insurance qualifies as an input service. The analysis follows the Larger Bench view and the assessee's earlier case, both recognising the service as creditable under the CENVAT scheme. On that basis, the disallowance was held unsustainable, and the demand, interest and penalty were set aside with consequential relief. en-us Fri, 10 Jun 2022 00:00:00 +0530 Mon, 13 Jun 2022 08:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423698 Service tax paid on premium to the Deposit Insurance and Credit Guarantee Corporation for insuring bank deposits is admissible as CENVAT credit because deposit insurance qualifies as an input service. The analysis follows the Larger Bench view and the assessee's earlier case, both recognising the service as creditable under the CENVAT scheme. On that basis, the disallowance was held unsustainable, and the demand, interest and penalty were set aside with consequential relief. Case-Laws Service Tax Fri, 10 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423698