CENVAT Credit - input services - Merely for the reason that the ...
Service Tax
September 10, 2020
CENVAT Credit - input services - Merely for the reason that the break-up of premium amount is shown in the policy, the fact that remains is that the policy is one and single with the feature of both risk coverage and investment opportunity simultaneously. It cannot be said that the ‘insured’ i.e. the subscriber to the policy has availed two separate policies. Neither there can be a question of extending the facility for subscribing to ULIP policy with only the investment portion, excluding the risk coverage and vice versa. - Since there is no exempt service, credit of service tax paid on the services of insurance agents allowed - AT
View Source