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2017 (3) TMI 426 - AT - Service TaxCENVAT credit - insurance premium - denial on the ground that the insurance is for the benefit of the customers and because the premium though paid by the respondent is collected from the customers and paid to the insurance company the respondent is acting as a pure agent - Held that: - On perusal of the master policy which is furnished as part of the records, it is found that in one such master policy more than 20,000 members have been enrolled - the intention is to secure the loans advanced by the respondent - the credit of the service tax paid on the insurance premium, is eligible for credit, for the reason that it has direct nexus with the output services of the appellant who are engaged in financing activities - appeal dismissed - decided against Revenue.
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