No Service Tax Demand of ₹2.7 Crore on ocean freight margins in Multimodal Transport Operations

ABF Freight International Pvt. Ltd Vs Principal Commissioner of GST & Central Excise (CESTAT Chennai) Conclusion: Profit arising from purchase and sale of cargo space by a freight forwarder on principal-to-principal basis was trading income and not consideration for service, and therefore not liable to service tax under Business Support Service or otherwise. Held: Assessee-company was registered under Business Auxiliary Services and engaged in freight forwarding activities, including arranging export/import of cargo through shipping lines. During audit, it was noticed that assessee collect...