https://www.taxtmi.com/caselaws?id=753523 CESTAT Mumbai-AT partially allowed an appeal regarding CENVAT credit on input services. The tribunal denied credit for rent-a-cab services worth Rs.1,97,848, ruling that motor vehicles used (Volkswagen Vento, Toyota Altis, Corolla Altis) fall under tariff headings 8702/8703 and are specifically excluded from capital goods definition under Rule 2(a), thus disqualifying them under clause (B) of Rule 2(l). However, the tribunal allowed CENVAT credit of Rs.13,38,885 for insurance services, holding that corporate fire insurance, group protection plans, and workmen compensation policies were not for personal employee use but for business operations, making them eligible input services despite the 2011 amendment to Rule 2(l). en-us Mon, 03 Jun 2024 00:00:00 +0530 Tue, 04 Jun 2024 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753523 CESTAT Mumbai-AT partially allowed an appeal regarding CENVAT credit on input services. The tribunal denied credit for rent-a-cab services worth Rs.1,97,848, ruling that motor vehicles used (Volkswagen Vento, Toyota Altis, Corolla Altis) fall under tariff headings 8702/8703 and are specifically excluded from capital goods definition under Rule 2(a), thus disqualifying them under clause (B) of Rule 2(l). However, the tribunal allowed CENVAT credit of Rs.13,38,885 for insurance services, holding that corporate fire insurance, group protection plans, and workmen compensation policies were not for personal employee use but for business operations, making them eligible input services despite the 2011 amendment to Rule 2(l). Case-Laws Service Tax Mon, 03 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753523