Pot

This query is : Resolved 

13 October 2015 rendered services on 7.06.2014 isued bill 30.06.2014 paymnt recievd 7.03.2015 what is pot.?.

13 October 2015 1. Date of invoice i.e. 30.6.2014 (invoice issued within 30 days of providing the service).
2. If individual or partnership firm having turnover of less than 50 lacs in previous financial year, may continue to pay on receipt basis in current FY upto 50 lacs. If that being case, POT is 7.3.2015



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