https://www.taxtmi.com/caselaws?id=429074 Service tax was not payable at the enhanced rate on the portion of insurance premium attributable to a future period where the entire premium had already been paid and the original service tax liability discharged before the rate change. The Tribunal held that the subsequent revision of the tax rate did not create liability on amounts already paid for the policy term, and the SC agreed, finding no reason to take a different view. The assessee was therefore not liable for the enhanced rate on the future-period premium. en-us Thu, 08 Sep 2022 00:00:00 +0530 Mon, 16 Jan 2023 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429074 Service tax was not payable at the enhanced rate on the portion of insurance premium attributable to a future period where the entire premium had already been paid and the original service tax liability discharged before the rate change. The Tribunal held that the subsequent revision of the tax rate did not create liability on amounts already paid for the policy term, and the SC agreed, finding no reason to take a different view. The assessee was therefore not liable for the enhanced rate on the future-period premium. Case-Laws Service Tax Thu, 08 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429074