2019 (6) TMI 1022

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..... hem to customer is a trading activity hence the trade margin will not be taxable. In the fact that the appellant is purchasing the ticket on discounted price and selling the same at higher price to the customer, the difference, in our view, is a trade margin during the process of sale and purchase of the tickets. The demand raised on trade margin of purchase and sale of the tickets shall not be .....

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..... d. Counsel, appearing on behalf of the Respondent submits that the appellant is purchasing ticket on discounted price from main IATA agent and thereafter they are selling at a higher price to the Customer, therefore, the trade margin is not taxable. He further submits that the appellant s services classifiable as an air travel agent service and on the issue of commission received from main IATA ag .....

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