Cenvat credit when portion of output service not liable to service tax

Metlife India Insurance Company Limited Vs Commissioner of Central Excise (CESTAT Bangalore)

CESTAT Bengaluru has held that Cenvat credit of service tax paid under reverse charge mechanism for availing services of insurance agents was available in a case when a portion of the premium amount (consideration towards output service), in case of ULIP policies, was not liable to service tax. It observed that the assessee was engaged only in rendering insurance services and merely because a portion of the premium amount (investment

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