https://www.taxtmi.com/caselaws?id=466492 Claimed input service credit on deposit insurance premium charged by the deposit insurance corporation was examined as a taxable service under banking and other financial services and whether banks are eligible to avail credit. The tribunal held that banks must be registered with the deposit insurer and pay premiums under the statutory scheme, and that the issue is governed by an earlier Larger Bench precedent which resolves the question in favour of the taxpayer. Consequentially the appeals allowing credit were allowed and the penalty imposed was set aside as it did not survive the main finding. en-us Thu, 29 Oct 2020 00:00:00 +0530 Tue, 10 Feb 2026 19:01:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466492 Claimed input service credit on deposit insurance premium charged by the deposit insurance corporation was examined as a taxable service under banking and other financial services and whether banks are eligible to avail credit. The tribunal held that banks must be registered with the deposit insurer and pay premiums under the statutory scheme, and that the issue is governed by an earlier Larger Bench precedent which resolves the question in favour of the taxpayer. Consequentially the appeals allowing credit were allowed and the penalty imposed was set aside as it did not survive the main finding. Case-Laws Service Tax Thu, 29 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466492