Whether input paid on deposit insurance service provided by Deposit Insurance and Credit Guarantee Corporation (DICGC) is allowed as input tax credit ?
TRT-2025-726

Issue Favourable to Tax Payer ?:- yes

Held - The said issue was considered by the Larger Bench of the Tribunal in the case of M/s. South Indian Bank (supra) wherein it was held that ins.....

TRT-2025-728

Issue Favourable to Tax Payer ?:- yes

Held - Banks can avail CENVAT credit of the service tax paid by the banks on the premium amount paid to Deposit Insurance Corporation for the insur.....