ITC available for tax paid on insurance policies taken under statutory mandate

Tessy Engineers & Enterprises Vs Commissioner of GST & Central Excise (CESTAT Chennai)  The issue is as to whether the appellants are eligible for the credit availed on insurance services. The definition of input service with effect from 01.04.2011 excludes life and health insurance services availed for personal use or for personal consumption of employees. The appellants have explained that these insurance policies were availed for covering the risk of employees, who undertake works in their projects abroad. The labour legislations in India mandate that the employer covers the risk o...