No Cenvat credit of ST paid on medical insurance premium of employees

No Comments

Section 16 of the Central Goods and Services Tax Act, 2017/Rule 3, read with rule 2(l), of the Cenvat Credit Rules, 2004 – Input tax credit – Assessee availed cenvat credit of service tax on medical insurance premium for health insurance of employees of a security agency – Adjudicating Authority denied cenvat credit by applying amended definition of ‘input service’ effective from 1-4-2011 – Whether Adjudicating Authority was justified in denying cenvat credit on medical insurance premium – Held, yes

Section 50 of the Central Goods and Services Tax Act, 2017/Rule 14 of the Cenvat Credit Rules, 2004 – Interest – Whether interest under rule 14 of Cenvat Credit Rules is chargeable only when cenvat credit is taken by assessee as well as utilised – Held, yes

Citation: [2018] 91 taxmann.com 469 (Mumbai – CESTAT)

CLOSE
CLOSE