https://www.taxtmi.com/caselaws?id=267426 Technology transfer completed under a 2002 agreement before service tax on intellectual property rights came into force was not a continuous taxable service after 10.09.2004. The tribunal held that the taxable event was the transfer of the right or technology itself, and the fact that consideration was paid in lump sum or by instalments did not shift that event or create a fresh service later. Continued use of the transferred technology in manufacture and sale after the levy date therefore did not attract service tax on post-levy payments. The demand was dropped and the adverse order against the assessee was set aside. en-us Fri, 16 Oct 2015 00:00:00 +0530 Wed, 21 Sep 2016 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267426 Technology transfer completed under a 2002 agreement before service tax on intellectual property rights came into force was not a continuous taxable service after 10.09.2004. The tribunal held that the taxable event was the transfer of the right or technology itself, and the fact that consideration was paid in lump sum or by instalments did not shift that event or create a fresh service later. Continued use of the transferred technology in manufacture and sale after the levy date therefore did not attract service tax on post-levy payments. The demand was dropped and the adverse order against the assessee was set aside. Case-Laws Service Tax Fri, 16 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267426