problem

HELP ME TO SOLVE THIS PROBLEM

Mr A has received the following amount for providing the services as follws

year                                                                 Cash Received

2002                                                                990000/-

2003                                                                1000000/-

2004                                                                1000000/-

2005                                                                955000/-

2006                                                                1015000/-

2007                                                                985000/-

pleae tell me the taxable service for each year tax @ 10.3%

Dear Tarandeep Singh Saluja,

Following is the answer to your question:-

In the year 2002 the value of taxable service will be Rs.897552

In the year 2003 the value of taxable service will be Rs.906618

In the year 2004 the value of taxable service will be Rs.906618

In the year 2005 the value of taxable service will be Rs.865820

In the year 2006 the value of taxable service will be Rs.920217

In the year 2007 the value of taxable service will be Rs.893019

Note:

1) The amounts received are assumed to be received including service tax.

2) The Value of Taxable Service is calculated @ 10.3% for all the years.                (Actually the rate of service tax is not 10.3% for all the above years.)

3) Formula used for calculating Value of Taxable Service 

    = amount received X 100/100 + rate of service tax (including edn cess 3%)

Thank You,

Regards,

Devendra P Kulkarni

Mr Devendra thanks for your time but if this is a new service provider who have been registerd in the year 2002 than how we will do the calculation of taxable service I want to clarify this actually????