https://www.taxtmi.com/caselaws?id=755709 CESTAT Kolkata ruled in favor of appellant regarding service tax liability on cargo space trading activities. The tribunal held that purchasing cargo space from airlines and reselling to clients with margin constitutes trading activity, not taxable service under Business Auxiliary Service provisions. No service tax liability exists as appellant earned profit through buy-sell transactions without receiving commissions. The tribunal found no evidence of fact suppression by appellant, making extended limitation period inapplicable. Demand for extended period was set aside on limitation grounds. Appeal was allowed with consequential relief granted to appellant. en-us Tue, 16 Jul 2024 00:00:00 +0530 Wed, 17 Jul 2024 19:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755709 CESTAT Kolkata ruled in favor of appellant regarding service tax liability on cargo space trading activities. The tribunal held that purchasing cargo space from airlines and reselling to clients with margin constitutes trading activity, not taxable service under Business Auxiliary Service provisions. No service tax liability exists as appellant earned profit through buy-sell transactions without receiving commissions. The tribunal found no evidence of fact suppression by appellant, making extended limitation period inapplicable. Demand for extended period was set aside on limitation grounds. Appeal was allowed with consequential relief granted to appellant. Case-Laws Service Tax Tue, 16 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755709