https://www.taxtmi.com/caselaws?id=786239 Whether service tax paid on deposit insurance premiums qualifies as an "input service" under the CENVAT Credit Rules was considered; deposit insurance is a statutory, mandatory component of banking and is integrally connected to taxable banking services, so the tax on such premiums is eligible for CENVAT credit. The Tribunal's reliance on a Larger Bench CESTAT decision-affirmed by a High Court which rejected attempts to segregate deposit acceptance from allied banking services-was held correct. The Revenue's substantial questions of law are answered against it, and the appeals challenging allowance of credit were dismissed. en-us Thu, 29 Jan 2026 00:00:00 +0530 Fri, 06 Feb 2026 16:54:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786239 Whether service tax paid on deposit insurance premiums qualifies as an "input service" under the CENVAT Credit Rules was considered; deposit insurance is a statutory, mandatory component of banking and is integrally connected to taxable banking services, so the tax on such premiums is eligible for CENVAT credit. The Tribunal's reliance on a Larger Bench CESTAT decision-affirmed by a High Court which rejected attempts to segregate deposit acceptance from allied banking services-was held correct. The Revenue's substantial questions of law are answered against it, and the appeals challenging allowance of credit were dismissed. Case-Laws Service Tax Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786239