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Service Tax - Highlights / Catch Notes

Home Highlights September 2023 Year 2023 This

CENVAT Credit - input service - Deposit Insurance Service ...

Case Laws     Service Tax

September 30, 2023

CENVAT Credit - input service - Deposit Insurance Service provided by Deposit Insurance and Credit Guarantee Corporation - nexus of such service with the actual performance of the banking service provided by the respondents/assessees - The services provided by the assessee are not falling within the negative list. Therefore, there is relatability on a hostile consideration of business in banking between the services availed and services rendered. - CESTAT rightly allowed the benefit of CENVAT credit - HC

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