Demand of service tax under RCM merely based on balance sheet figures cannot be sustained

Shree Venkatesh Films Private Limited Vs Commissioner of CGST & Central Excise (CESTAT Kolkata)

CESTAT Kolkata held that demand of service tax under Reverse Charge Mechanism [RCM] raised merely on the basis of figures appearing in Balance Sheet without classifying the category of service is not sustainable.

Facts- The appellant is a media and entertainment production and distribution company headquartered in Kolkata, West Bengal. The appellant operates in 3 segments namely, film division, television division and digital cinema division for, inter alia,

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