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2011 (2) TMI 786 - AT - Service TaxCenvat credit on inputs services - insurance services - Rule 2(l) of the CENVAT Credit Rules, 2004 - authority holding that such insurance services are not connected with the manufacture or sale of cement or with other business activities as defined under Rule 2(1) of Cenvat Credit Rules, 2004 denied the credit - Held that:- the insurance policy has been used to cover expenses relating to pay-roll when the production is stopped on account of damages of machinery or plant and, therefore, the insurance policy to cover loss of profit would come within the expression for ”activities relating to business” in the inclusive limp of the definition of input services - Decided in favour of assessee.
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