https://www.taxtmi.com/caselaws?id=794269 Markup earned on resale of ocean freight or cargo space purchased on a principal-to-principal basis was analysed as trading margin, not consideration for Business Support Service, intermediary service, or a taxable composite service. The document notes that where a freight forwarder buys space on its own account, bears commercial risk, and resells it at a markup, the transaction is a principal-to-principal trade in space rather than facilitation of another person's service. It also states that the Revenue's attempt to treat the markup as bundled support services was unsupported by evidence, and that the applicable circulars and coordinate-bench view exclude such activity from service tax. en-us Tue, 30 Jun 2026 00:00:00 +0530 Fri, 03 Jul 2026 08:49:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794269 Markup earned on resale of ocean freight or cargo space purchased on a principal-to-principal basis was analysed as trading margin, not consideration for Business Support Service, intermediary service, or a taxable composite service. The document notes that where a freight forwarder buys space on its own account, bears commercial risk, and resells it at a markup, the transaction is a principal-to-principal trade in space rather than facilitation of another person's service. It also states that the Revenue's attempt to treat the markup as bundled support services was unsupported by evidence, and that the applicable circulars and coordinate-bench view exclude such activity from service tax. Case-Laws Service Tax Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794269