GSTN enables Annual Aggregate Turnover functionality on Portal

GSTN - Annual Aggregate Turnover functionality - Portal - Taxscan

The Goods and Service Tax Network (GSTN) has enabled the functionality of Annual Aggregate Turnover (AATO) for the FY 2021-22 on taxpayers’ dashboards. Taxpayers may now check the precise Annual Aggregate Turnover (AATO) for the previous fiscal year.

As per a recent advisory from the GSTN, the taxpayers can also view the Aggregate Turnover of the current FY based on the returns filed till date. The taxpayers have also been given the option of updating their turnover if they believe that the system estimated turnover presented on their dashboard differs from the turnover on their records.

The facility of turnover update shall be provided to all the GSTINs registered on a common PAN. All the changes by any of the GSTINs in their turnover shall be summed up for computation of Annual Aggregate Turnover for each of the GSTINs. All GSTINs registered under a single PAN would be able to update their turnover. All changes in turnover by any of the GSTINs will be totalled together for the purpose of calculating Annual Aggregate Turnover for each of the GSTINs.

The taxpayer has the option to change the turnover twice during the month of May 2022. Following that, the data will be given to the Jurisdictional Tax Officer for examination, who will be able to change the values provided by the taxpayer as required.

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