Delhi HC Stays SCN Adjudication Against DBS Bank for Service Tax on Minimum Average Balance: Report
Delhi HC Stays SCN Adjudication Against DBS Bank for Service Tax on Minimum Average Balance: Report Moneylife Digital Team 30 April 2021 The Delhi High Court (HC) on Friday granted interim protection to DBS Bank Ltd from adjudication of a show cause notice (SCN) proposing to levy service tax on obligation of maintaining minimum average balance (MAB) by its customers, along with interest and penalty, reports As per the report, upon taking note of the lender's submissions, the HC issued notice and tagged the matter with larger batch of petitions pending on same issue which has been listed f...
Source: moneylife.in