https://www.taxtmi.com/caselaws?id=800771 Surrender, policy discontinuation and foreclosure charges in life-insurance policies do not constitute consideration for the relevant taxable service and therefore fall outside service tax. Reinstatement charges, paid to restore and continue the insurer-policyholder relationship, constitute consideration for continuation of taxable service and remain chargeable to service tax. A claimed bona fide belief does not preclude the applicable penalty where a specialised insurer is aware of its tax obligations. en-us Fri, 10 Apr 2026 00:00:00 +0530 Mon, 12 Oct 2026 04:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800771 Surrender, policy discontinuation and foreclosure charges in life-insurance policies do not constitute consideration for the relevant taxable service and therefore fall outside service tax. Reinstatement charges, paid to restore and continue the insurer-policyholder relationship, constitute consideration for continuation of taxable service and remain chargeable to service tax. A claimed bona fide belief does not preclude the applicable penalty where a specialised insurer is aware of its tax obligations. Case-Laws Service Tax Fri, 10 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800771