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Non-lifting of agreed quantity

Service Tax - Started By: - S.C. WADHWA - Dated:- 28-2-2016 Last Replied Date:- 28-2-2016 - Dear Expert,The buyer has agreed to pay selling price minus cost of secondary packing ect exp which mutually agreed for not lifting the agreed quantity and the material will be destroyed in the supervision of buyer.Now my query is in which account the said receipts to be booked as liquidated damages or penalty or in any other account. Whether this amount attracts service tax or not. Please give your reply .....

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