https://www.taxtmi.com/caselaws?id=793324 A principal-to-principal purchase and resale arrangement at trade discount was treated as trading activity, not agency, because the appellant bought goods on its own account, took title, and did not act on behalf of another. The 1% margin retained on purchase and sale was therefore trade profit, not commission, and could not be taxed as service commission. After excluding that amount, the remaining taxable services for each year fell below the exemption threshold under Notification No. 33/2012-ST, so no service tax was payable on that count. The impugned order was unsustainable and the appeal succeeded with consequential relief. en-us Tue, 02 Jun 2026 00:00:00 +0530 Sat, 13 Jun 2026 08:36:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793324 A principal-to-principal purchase and resale arrangement at trade discount was treated as trading activity, not agency, because the appellant bought goods on its own account, took title, and did not act on behalf of another. The 1% margin retained on purchase and sale was therefore trade profit, not commission, and could not be taxed as service commission. After excluding that amount, the remaining taxable services for each year fell below the exemption threshold under Notification No. 33/2012-ST, so no service tax was payable on that count. The impugned order was unsustainable and the appeal succeeded with consequential relief. Case-Laws Service Tax Tue, 02 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793324