https://www.taxtmi.com/caselaws?id=326433 Receipts from buying and selling vessel space or slots in a multimodal transport arrangement were held not to constitute business auxiliary service where the operator acted on a principal-to-principal basis. Taxability under the Finance Act, 1994 depends on the actual charging entry and on proof that the receipt is consideration for a taxable service, not merely on accounting treatment or the label given to the income. As the record did not show commission or any service rendered for promoting a client's goods or services, the surplus was not liable to service tax and the demand, interest, and penalties could not be sustained. en-us Wed, 30 Sep 2015 00:00:00 +0530 Wed, 01 Jul 2026 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326433 Receipts from buying and selling vessel space or slots in a multimodal transport arrangement were held not to constitute business auxiliary service where the operator acted on a principal-to-principal basis. Taxability under the Finance Act, 1994 depends on the actual charging entry and on proof that the receipt is consideration for a taxable service, not merely on accounting treatment or the label given to the income. As the record did not show commission or any service rendered for promoting a client's goods or services, the surplus was not liable to service tax and the demand, interest, and penalties could not be sustained. Case-Laws Service Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326433