Assume that you use Microsoft SQL Server 2014 Management Studio (SSMS 2014) to deploy database to Windows Azure SQL Database. You can only select the obsolete service tiers of Azure SQL Database, Web and Business, with a maximum database size of 150 gigabytes (GB). There is no option to select the new service tiers, Basic, Standard and Premium, with a maximum database size of 250 GB.
This issue occurs because SSMS 2014 is not updated to match the current service tier offerings.
Each new cumulative update for SQL Server contains all the hotfixes and all the security fixes that were included with the previous cumulative update. Check out the latest cumulative updates for SQL Server:
Microsoft has confirmed that this is a problem in the Microsoft products that are listed in the "Applies to" section.