https://www.taxtmi.com/caselaws?id=754076 CESTAT Chennai held that freight charges collected for air and ocean transportation constitute payment for cargo movement, not taxable services. Following precedent in Geodis Overseas Private Ltd. case, the Tribunal ruled that service tax demands on freight charges and mark-up for periods both before and after 01.07.2012 cannot be sustained. The extended limitation period and penalty under Section 78 were also set aside. Appeal allowed in favor of the assessee. en-us Thu, 06 Jun 2024 00:00:00 +0530 Sat, 15 Jun 2024 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754076 CESTAT Chennai held that freight charges collected for air and ocean transportation constitute payment for cargo movement, not taxable services. Following precedent in Geodis Overseas Private Ltd. case, the Tribunal ruled that service tax demands on freight charges and mark-up for periods both before and after 01.07.2012 cannot be sustained. The extended limitation period and penalty under Section 78 were also set aside. Appeal allowed in favor of the assessee. Case-Laws Service Tax Thu, 06 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754076