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    Applicability of service tax on income received on account of referral of prospective real estate buyer to real estate agent
    Exports up by 13.2% in April-January 2008-09
    Applicability of Service Tax on GTA service where goods are delivered in self owned vehicles - Whether the truck owners are liable to pay service tax ...
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    March 26, 2009
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    Real estate agent classification: referral commissions for introducing buyers treated as taxable service under service tax rules.
    Amounts received by an introducer for referring prospective buyers or sellers to a property dealer are taxable under the real estate agent service, because the real estate agent classification encompasses activities of introducing parties for sale or purchase of property, making referral commissions liable to service tax.
    March 2, 2009
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    Trade deficit widens as cumulative imports outpace exports, driven by divergent oil and non oil import trends.
    India's exports for April-January 2008-09 increased year on year in both Dollar and Rupee terms despite a Dollar valued decline in January; imports fell in January in Dollar terms but rose cumulatively in both currencies. January oil imports declined markedly year on year while cumulative oil imports rose; cumulative non oil imports also increased. The faster cumulative growth of imports relative to exports widened the provisional trade deficit for April-January 2008-09 compared with the prior year.
    March 2, 2009
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    Service tax liability hinges on the freight payer; buyer paid freight shifts GTA tax responsibility away from truck owners.
    Liability for service tax on road transport under GTA rules is determined by the person who pays the freight; where goods are carried in owner operated vehicles but the buyer pays the freight, the statutory incidence of tax attaches to the payer of the freight rather than to the vehicle owner.

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