https://www.taxtmi.com/caselaws?id=442947 Services performed by scheduled banks as statutory agents of the Reserve Bank of India are treated as outside service tax where the governing exemption excludes liability on agency commission. The commentary also states that cenvat credit is available for telephone services installed at employees' residences when the services are used for business connectivity, for medical insurance provided to employees as part of employment-related business cost, and for corporate club membership used for business meetings and promotion. The operative principle applied is that input services with a clear nexus to business activity qualify for credit, while statutory agency functions exempted by law do not attract service tax. en-us Wed, 06 Sep 2023 00:00:00 +0530 Wed, 13 Sep 2023 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442947 Services performed by scheduled banks as statutory agents of the Reserve Bank of India are treated as outside service tax where the governing exemption excludes liability on agency commission. The commentary also states that cenvat credit is available for telephone services installed at employees' residences when the services are used for business connectivity, for medical insurance provided to employees as part of employment-related business cost, and for corporate club membership used for business meetings and promotion. The operative principle applied is that input services with a clear nexus to business activity qualify for credit, while statutory agency functions exempted by law do not attract service tax. Case-Laws Service Tax Wed, 06 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442947