GST likely on banks 'free' services as they are actually 'charging' clients

The so-called ‘free services’ offered by banks to customers are liable for  goods and services tax  (GST), officials believe, even as notices sent to lenders for taxing these services under the older regime are likely to be withdrawn. According to officials, banks are not offering ‘free services’ but actually charging customers by asking them to maintain a  minimum account balance.…