GST Portal Implemented Annual Aggregate Turnover Functionality
GST
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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

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