https://www.taxtmi.com/caselaws?id=313563 CESTAT Hyderabad allowed the appeal regarding denial of CENVAT credit on insurance services under group medical shield and personal accident policies for employees and families during January 2006 to July 2007. The tribunal relied on the Larger Bench decision in Reliance Industries Ltd case, which held that CENVAT credit is available on service tax paid on insurance premiums. The tribunal found the appellant's claim stronger as premiums were paid for current employees and their families, unlike Reliance Industries which involved employees opting for voluntary separation. The impugned order was set aside and penalty under section 78 of FA was overturned. en-us Wed, 07 Sep 2022 00:00:00 +0530 Sat, 20 Apr 2024 22:47:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313563 CESTAT Hyderabad allowed the appeal regarding denial of CENVAT credit on insurance services under group medical shield and personal accident policies for employees and families during January 2006 to July 2007. The tribunal relied on the Larger Bench decision in Reliance Industries Ltd case, which held that CENVAT credit is available on service tax paid on insurance premiums. The tribunal found the appellant's claim stronger as premiums were paid for current employees and their families, unlike Reliance Industries which involved employees opting for voluntary separation. The impugned order was set aside and penalty under section 78 of FA was overturned. Case-Laws Service Tax Wed, 07 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313563