https://www.taxtmi.com/forum/issue?id=105639 MTOs that buy cargo space from carriers and resell it to customers, issuing their own house bills and acting on a principal-to-principal basis without agency, face revenue contention that the margin on such transactions constitutes Business Auxiliary Service (and later Intermediary Services), rendering the differential taxable and exposing firms to retrospective assessment with interest and possible penalties. en-us Sun, 05 May 2013 13:08:41 +0530 Thu, 23 Jan 2025 15:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105639 MTOs that buy cargo space from carriers and resell it to customers, issuing their own house bills and acting on a principal-to-principal basis without agency, face revenue contention that the margin on such transactions constitutes Business Auxiliary Service (and later Intermediary Services), rendering the differential taxable and exposing firms to retrospective assessment with interest and possible penalties. Discussion-Forum Service Tax Sun, 05 May 2013 13:08:41 +0530 https://www.taxtmi.com/forum/issue?id=105639