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2014 (8) TMI 744 - AT - Service TaxGeneral and Life Insurance Service - Credit utilized for service provided by Insurance agent - Revenue contends that appellants are not provider of the output service of Insurance Auxiliary Service undertaken by the Insurance Agent and the present appellants are paying service tax as recipient of such service, hence cannot avail and utilize the credit of service tax paid on taxable service to be used in or in relation to providing Insurance Auxiliary Service - Held that:- appellants in present appeals were entitled to utilize CENVAT Credit of the Service Tax paid on various input services for discharge of the Service Tax liability on the output service of “Insurance Auxiliary Service - there is no one to one correlation required between the input service and the output service under the CENVAT Credit Scheme and, therefore, the demands confirmed against the appellants for recovery of CENVAT Credit availed by them for discharging Service Tax liability on Insurance Auxiliary Service is clearly unsustainable and accordingly, we set aside the same - Following decision of M/s TATA AIG LIFE INSURANCE CO LTD and others Versus COMMISSIONER OF CENTRAL EXCISE, MUMBAI & THANE-II [2014 (4) TMI 637 - CESTAT MUMBAI] - Decided against Revenue.
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