https://www.taxtmi.com/caselaws?id=448495 CESTAT Bangalore held that excess ocean freight collected and retained by steamer agents cannot be subjected to service tax. The appellant purchased cargo space from shipping lines on principal-to-principal basis for customers, not as agents. The excess freight collected constitutes business profit, not service consideration or commission from shipping lines. Following precedent from Balmer Lawrie case, the Tribunal ruled this activity is independent business, not a taxable service. The impugned order was set aside and appeals allowed. en-us Fri, 19 Jan 2024 00:00:00 +0530 Sat, 20 Jan 2024 08:22:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448495 CESTAT Bangalore held that excess ocean freight collected and retained by steamer agents cannot be subjected to service tax. The appellant purchased cargo space from shipping lines on principal-to-principal basis for customers, not as agents. The excess freight collected constitutes business profit, not service consideration or commission from shipping lines. Following precedent from Balmer Lawrie case, the Tribunal ruled this activity is independent business, not a taxable service. The impugned order was set aside and appeals allowed. Case-Laws Service Tax Fri, 19 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448495