2012 (5) TMI 61 - AT - Service Tax

Cenvat credit - insurance of workers retiring under voluntary retirement scheme and insurance of export goods and insurance abroad for the sale in case - Held that in the case of Toyota Kirloskar Motor P. Ltd. (2011 - TMI - 210974 - KARNATAKA HIGH COURT - Service Tax) the Hon ble High Court of Karnataka has widened the scope of input service as defined under Rule 2L of the CENVAT Credit Rules, 2004 and the service received by the applicant are covered under input services - Decided in favor of the assessee

Summary

The Appellate Tribunal CESTAT, Mumbai ruled in favor of the applicant, allowing input service credit for insurance services related to workers' retirement, export goods, and sales abroad. The decision was influenced by a previous case from the High Court of Karnataka. The tribunal waived the demand amount, interest, and penalties during the appeal process.