HC: Delhi HC grants interim relief to Banks over Rs. 38,000 cr service tax controversy

Delhi HC admits a batch of petitions challenging show cause notices (SCNs) seeking to levy service tax of Rs. 38,000 crores (approx.) with respect to commitment to maintain minimum average balance (MAB) in bank accounts; HC issues notices to Union of India, CBIC, GST Council and other adjudicating authorities and instructs that no adjudication order shall be passed vis-à-vis such notices till the next date of hearing; Posts matter on November 14 while requiring&nbs...