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Point of taxation

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(Querist)
02 January 2016 sir, i m an individual having turnover less than 50lakh i.e. i have to pay tax on receipt.. basis.. Nw i have received payment in the month of December. but i issue invoice on 1st oct and 1 nov . nw i have to pay tax @14 % as per point of taxation rules or i have to pay tax @14.5% as turnover is less than 50 lakh n service tax is paid on receipt basis.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 January 2016 You have to pay 14% as per point of taxation rules.
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