2020 (10) TMI 909

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..... TAVA, MEMBER (TECHNICAL) Shri Mihir Deshmukh, Advocate for the Appellant Shri Dilip Shinde, Authorized Representative for the Respondent (Vice-Versa) ORDER PER: S.K. MOHANTY Heard both sides and perused the records. 2. The assessee-appellant M/s. DBS Bank Ltd. has filed the appeal against the impugned order dated 29.06.2016 passed by the Ld. Commissioner of Service Tax-I, Mumbai, wherein ser .....

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..... f the case are that the assessee-appellant is engaged in the business of providing Banking and Other Financial Service (BOFS), defined under Section 65 of the Finance Act, 1994. During the disputed period, the assessee-appellant had availed cenvat credit of service tax paid on Deposit Insurance Service provided by DICGC, considering the same as input service, defined under Rule 2(l) of the Cenvat .....

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..... Corporation to the banks is an "input service" and CENVAT credit of service tax paid for this service received by the banks from the Deposit Insurance Corporation can be availed by the banks for rendering 'output services'." 5. In view of the above decision of the Larger Bench, the issue arising out of the present dispute regarding availment of the Cenvat credit on Deposit Insurance Service provi .....

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