Whether input tax reversal is required in respect to sale of non-taxable policies like ULIP ?
Issue Favourable to Tax Payer ?:- yes
Held - From application of the definition of ‘exempted services’ in rule 2 (e) of CENVAT Credit Rules, 2004, as determined in these several dec.....
Issue Favourable to Tax Payer ?:- yes
Held - In the instant case, on perusal of the finding made by the Ld. Commissioner (in para 21 of the impugned order), we find that credit has been.....
Issue Favourable to Tax Payer ?:- yes
Held - It has been held that the main part of the definition of ‘exempted service’ in rule 2( e) of CENVAT Credit Rules, 2004 clearly refers on.....