https://www.taxtmi.com/caselaws?id=786870 Section 135 of the Finance Act, 2025 creates a retrospective exemption for reinsurance services under WBCIS and MNAIS for 01.04.2011-30.06.2017 and mandates refund of tax collected; accordingly reinsurance services supplied in 2014-15 to 2016-17 are exempt. Because the statutory exemption removes the legal basis for levy during that period, confirmed service tax demands, interest and penalties premised on that levy are unsustainable and must be set aside, with relief available through the statutory refund mechanism and retrospective application of Chapter V for refund purposes. en-us Thu, 19 Feb 2026 00:00:00 +0530 Sat, 21 Feb 2026 09:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786870 Section 135 of the Finance Act, 2025 creates a retrospective exemption for reinsurance services under WBCIS and MNAIS for 01.04.2011-30.06.2017 and mandates refund of tax collected; accordingly reinsurance services supplied in 2014-15 to 2016-17 are exempt. Because the statutory exemption removes the legal basis for levy during that period, confirmed service tax demands, interest and penalties premised on that levy are unsustainable and must be set aside, with relief available through the statutory refund mechanism and retrospective application of Chapter V for refund purposes. Case-Laws Service Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786870