Income Tax returns in post offices – costs Rs.3.5 Crores – will Service Tax get a share?
The Indian Postal department has made a cool 3.5 Crores in less than a week from collecting income tax returns. The post offices collected 3,57,276 IT returns in the six days of July 2006 and they were given a hundred rupees for each return, which of course is not very happily accepted by the IT employees, who feel that the post is unduly pampered.
Now will the Service Tax department get a share of this? Are the post offices liable to pay Service Tax on the 3.5 Crores collected by them?