2020 (10) TMI 1404

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.... of 2019, 42485 of 2015, . 42371 of 2015, 41249 of 2018, 41250 of 2018, 42370 of 2015, 42341 of 2015, 42289 of 2017, 40592 of 2018 - FINAL ORDER NO. 40832-40843/2020<br>Service Tax<br>HON'BLE MS. SULEKHA BEEVI C.S., MEMBER (JUDICIAL) AND HON'BLE MR. P. ANJANI KUMAR, MEMBER (TECHNICAL) For the Appellant : Shri S. Ananthan, Consultant Ms. Lalitha Rameswaran, Consultant For the Respondent : Shr....

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....nks to liable to be terminated on failure of paying of such premiums. 2. Therefore, the banks have been paying such insurance and have been claiming the tax paid as input service credit. However, the department issued SCNs stating that the same is not input service; the banks are not eligible for availing credit of the same. 3. Ld. Counsel for the appellant-banks submits that the issue is no....

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....e reference is, accordingly, answered in the following terms: "The insurance service provided by the Deposit Insurance Corporation to the banks is an "input service" and CENVAT credit of service tax paid for this service received by the banks from the Deposit Insurance Corporation can be availed by the banks for rendering "output services." 6. In view of the above, we find that nothing survives....