GST Portal Implemented Annual Aggregate Turnover Functionality
GST
Image source: Shutterstock

Annual Aggregate Turnover (AATO) plays a vital role in Goods and Service Tax (GST). It determines the eligibility for GST registration, composition scheme, Quarterly Return Filing and Monthly Payment of Taxes (QRMP), GSTR-9C filing etc. Until now, taxpayers used to calculate AATO on their own. However, now the GST portal implemented AATO functionality for the FY 2021-22 on the taxpayers’ dashboards.

The AATO functionality comes with the following features:

  • You can view the exact AATO for the previous Financial Year (FY).
  • You can also view the aggregate turnover of the current FY based on the returns filed to date.
  • You can update the AATO if you feel that the system calculated turnover differs from the turnover as per your records.
  • You have to consider all GST Identification Numbers (GSTINs) registered using PAN while updating the turnover in the AATO facility. 
  • The facility sums up all the changes in the turnover made by any GSTIN to compute the AATO of other GSTINs.
  • You can amend the AATO twice within May 2022. After that, the figures submitted by you will be frozen and sent to the jurisdictional officer for review.
  • The jurisdictional officer can amend the values if required.
  • Tax officers might communicate with you before amending the turnover declared.
  • The turnover finalized by the tax officer after communication shall be considered final.
  • Suppose the officer takes no action within 30 days on the turnover reported by you; the AATO figure submitted by you shall be considered final.
  • If you have any concerns about the AATO functionality, you can raise a ticket at https://selfservice.gstsystem.in.
  • The technical team will investigate all tickets and resolve them on a case by case basis. Those tickets might be forwarded to the jurisdictional officer if needed.

For any clarifications/feedback on the topic, please contact the writer at dvsr.anjaneyulu@cleartax.in

You May Also Like

Taxation of dividend income received on or after 1 April 2020 (FY 2020-21)

You may receive a dividend from your equity or mutual fund investments.…
Gold Jewellery

24K Gold Rate in India for November 2019: Week 4

The fourth week began with the gold rate in India holding at…
GSTR-9

CBIC has notified an extension of two months to various GST compliance

The government of India has notified yet another extension for the completion…
Tax Exemption

CBDT issues guidelines under section 194Q

The income tax department issued a circular dated 30th June 2021 laying…