TMI Blog2021 (1) TMI 181X X X X Extracts X X X X X X X X Extracts X X X X ..... t [ 2020 (6) TMI 278 - CESTAT BANGALORE ] it has been held that insurance service provided by the DICGC to the Banks for insuring the deposits of the public with the Banks is an Input Service in terms of Rule 2(l) of CCR and Cenvat credit for the service tax paid by the banks for this service can be availed by the banks for rendering output service. In view of the decision of the Lar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Appellant is eligible to avail Cenvat credit of service tax paid by them on the deposit insurance service provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC)? 3. The Appellant is engaged in providing banking and various financial services in India. The department has denied the Cenvat Credit to the Appellants on the ground that the service in issue do not qualify as Inp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 2(l) of CCR and Cenvat credit for the service tax paid by the banks for this service can be availed by the banks for rendering output service. In view of the decision of the Larger Bench of the Tribunal in the matter of South Indian Bank (supra), I am of the considered opinion that the issue involved in the instant Appeal is no longer res integra. The aforesaid decision of the Larger Bench was a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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