Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Extra Charges on Resold Cargo Space Are Principal-to-Principal Trading, Not Taxable as BAS: CESTAT
The CESTAT has ruled that "extra charges on resold cargo space are principal-to-principal trading" and are "not taxable as BAS." The tribunal's decision provides a significant victory for the taxpayer. The ruling clarifies that a business that is trading in goods is not a taxable service.