2019 (6) TMI 1534

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....(AR), for the Respondent. ORDER The issue involved in the present appeal pertains to admissibility of Cenvat credit in respect of Service Tax charged on Insurance Premium paid by banks to Deposit Insurance Credit Guarantee Corporation (DICGC), a subsidiary of Reserve Bank of India for providing mandatory insurance coverage to the deposit of customers. During hearing of the appeal, it has been br....

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....insurance premium paid to DICGC and held the same to be inadmissible as the entire deposit scheme does not fall within the definition of service. In this circumstance, there is a need for bringing constituency in the matter in dispute by way of constitution of a Larger Bench. Hon'ble President, CESTAT is requested to constitute a Larger Bench which may bring clarity to the following points of law ....