our client is working as a freight cosolidator. They are basically purchasing and selling the ocean freight. will there be applicability of service tax on the profit margin eraned over ocean freight? and if service tax liability will come then it will come under which head. Kindly confirm it at earliest as it is quite urgent. if there is any notification kindly let me know that.
14 July 2009
The transaction as a middleman buying the selling the same in my view is not covered under any of the present services. However the examination under BAS clause (iv) procurement of services may have to be examined.
CAclubindia
