TMI Blog2018 (3) TMI 1248X X X X Extracts X X X X X X X X Extracts X X X X ..... 04 - Held that: - taking insurance to protect interest of the bank being integrally connected with the business of banking, Cenvat credit of service tax paid claimed is allowable - credit allowed. Non-production of relevant documents showing name, address, registration number of the service provider - Held that: - said documents have been produced by the appellant before the authorities below b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... envat Credit Rules, 2004. 2. The facts of the case are that the appellant is a banking company and is engaged in the service of Banking and Financial services. The appellant insured the deposits made by various partiesto them and on that insurance charges, the head office paid the service tax which was distributed to the appellant. The same was sought to be denied on the ground that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the decision of DCB Bank ltd. vs. Commissioner of Service Tax I, Mumbai [2017 (6) GSTL 479 (Tri-Mum) . He further submitted that the appellant produced all the relevant documents showing duty paying nature of the service and the name and address of the service provider along with registration number. Therefore, they have correctly availed the cenvat credit. 4. On the other hand, l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ks against financial services provided. There is certain amount of risk against lending which is made out of deposits received from depositors. Therefore, taking insurance to protect interest of the bank being integrally connected with the business of banking, Cenvat credit of service tax paid claimed is allowable. Accordingly appeal is allowed . Therefore, I hold that appellants are ent ..... X X X X Extracts X X X X X X X X Extracts X X X X
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