https://www.taxtmi.com/caselaws?id=379346 The Tribunal held that the appellant, engaging in purchasing and selling space on vessels, acted as a principal, not a service provider. Profit from trading activities, buying and selling goods at different prices, was not taxable under service tax laws. Service tax could only apply to the value of taxable services rendered, not profits from trading. The order demanding service tax on vessel space trading profits was unsustainable and set aside, ruling in favor of the appellant. en-us Fri, 05 Apr 2019 00:00:00 +0530 Mon, 26 Aug 2019 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379346 The Tribunal held that the appellant, engaging in purchasing and selling space on vessels, acted as a principal, not a service provider. Profit from trading activities, buying and selling goods at different prices, was not taxable under service tax laws. Service tax could only apply to the value of taxable services rendered, not profits from trading. The order demanding service tax on vessel space trading profits was unsustainable and set aside, ruling in favor of the appellant. Case-Laws Service Tax Fri, 05 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379346