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    <description>CENVAT credit of service tax paid on deposit-insurance premium is available where bank registration with the deposit-insurance corporation and payment of the premium are necessary to provide Banking and Other Financial Services. The deposit-insurance service is treated as an input service used for providing that taxable output service, making the related credit admissible to the bank.</description>
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      <description>CENVAT credit of service tax paid on deposit-insurance premium is available where bank registration with the deposit-insurance corporation and payment of the premium are necessary to provide Banking and Other Financial Services. The deposit-insurance service is treated as an input service used for providing that taxable output service, making the related credit admissible to the bank.</description>
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