https://www.taxtmi.com/caselaws?id=786520 Life insurance services on which service tax is discharged, including the investment, savings, management and administrative components of premiums, are treated as taxable services rather than exempted services. The investment or savings portion of a premium does not constitute a separate exempted service merely because it is attributable to investment activity. Consequently, the restriction on utilisation of Cenvat credit for providers of taxable and exempted services does not apply where the insurer has paid service tax on the relevant premium-based services. Full Cenvat credit remains available in such circumstances. en-us Mon, 17 Nov 2025 00:00:00 +0530 Sat, 14 Feb 2026 08:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786520 Life insurance services on which service tax is discharged, including the investment, savings, management and administrative components of premiums, are treated as taxable services rather than exempted services. The investment or savings portion of a premium does not constitute a separate exempted service merely because it is attributable to investment activity. Consequently, the restriction on utilisation of Cenvat credit for providers of taxable and exempted services does not apply where the insurer has paid service tax on the relevant premium-based services. Full Cenvat credit remains available in such circumstances. Case-Laws Service Tax Mon, 17 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786520