GST lens on bank arms using parent's brand name, log or tagline

Some top financial institutions have come under the taxman's lens for goods and services tax (GST) on royalty from subsidiaries for use of the parent's brand name, logo, or tagline. The tax department has told the banks in recent meetings that if a mutual fund unit uses any brand components, it should pay royalty or similar fees to the parent and 18%  GST  has to be paid on that amount,…