https://www.taxtmi.com/caselaws?id=181196 The Tribunal granted a waiver of pre-deposit of service tax under Intellectual property right services for technology transfer under the reverse charge mechanism. The applicants argued that the technology transfer was not covered under Patent law and had already paid service tax on patents registered in India. The Tribunal found merit in the applicant's argument, noting their disclosure of services in Service Tax Returns and the revenue-neutral situation. Relying on relevant case laws, the Tribunal waived the entire amount of service tax, interest, and penalty, staying the recovery during the appeal. en-us Mon, 28 May 2012 00:00:00 +0530 Wed, 22 Feb 2017 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181196 The Tribunal granted a waiver of pre-deposit of service tax under Intellectual property right services for technology transfer under the reverse charge mechanism. The applicants argued that the technology transfer was not covered under Patent law and had already paid service tax on patents registered in India. The Tribunal found merit in the applicant's argument, noting their disclosure of services in Service Tax Returns and the revenue-neutral situation. Relying on relevant case laws, the Tribunal waived the entire amount of service tax, interest, and penalty, staying the recovery during the appeal. Case-Laws Service Tax Mon, 28 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181196