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Non lifting of agreed material

Service Tax - Started By: - S.C. WADHWA - Dated:- 10-5-2015 Last Replied Date:- 21-8-2015 - Dear Expert, 1. A Company entered into a contract for manufacturing of 1000 kgs of a particular product with another company. 2. It manufactured 1000kgs but the buyer could not purchase the entire quantity. 3. The company raised debit note for compensation excluding taxes for material not purchased by it. 4. The product is excisable. Amount of debit note is ₹ 20 lacs. Query is: 1 Whether it is cover .....

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