Service tax not applicable on permanent transfer of IP Rights

SKOL Breweries Ltd. (Now known as Anheuser Busch InBev India Ltd.) Vs C.C.E & C.S.T. (CESTAT Bangalore) Conclusion: Assignment of trademark and the IPR were amounted to permanent transfer and no service tax was applicable on permanent transfer of IP Rights by Foster’s to assessee. Held:  Assessee-company was registered under the category of „Sponsorship Service, Information Technology Software Service, Management Consultant, Consulting Engineers, Banking and Financial, Scientific and Consulting Service, Scientific Testing and Certification Service‟ etc. During one of the audits ...