Tag: GST

The Karnataka High Court held that Minimum Average Balance (MAB) in bank accounts is not consideration for banking services and cannot be subjected to service tax under the Finance Act, 1994.

Team Law Notify High Courts June 21, 2026

June 20, 2026 : In a significant ruling, the Karnataka High Court has held that the maintenance of Minimum Average Balance (MAB) by bank customers is merely a contractual condition governing the banker-customer relationship and cannot be treated as consideration Read more…

GST Payable on Reimbursement of Foreign Patent Attorney Fees Under Reverse Charge

Team Law Notify Commissions, Forums & Tribunals January 16, 2026

West Bengal AAR, December 24, 2025 : The West Bengal Authority for Advance Ruling (AAR) has held that amounts reimbursed towards fees paid to foreign patent attorneys for filing patents outside India qualify as a taxable import of legal services Read more…