{"id":7278,"date":"2022-05-14T07:07:34","date_gmt":"2022-05-14T06:07:34","guid":{"rendered":"https:\/\/www.gstworld.co.in\/blog\/?p=7162"},"modified":"2022-05-14T07:22:56","modified_gmt":"2022-05-14T06:22:56","slug":"annual-aggregate-turnover-aato-computation-for-fy-2021-22","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/annual-aggregate-turnover-aato-computation-for-fy-2021-22\/","title":{"rendered":"Annual Aggregate Turnover (AATO) computation for FY 2021-22"},"content":{"rendered":"<p>The  functionality of AATO for the FY 2021-22 has now been made live on taxpayers  dashboards with the following features:<\/p>\n<ul>\n<li>The  taxpayers can view the exact Annual Aggregate Turnover (AATO) for the previous  Financial Year (FY).<\/li>\n<p>  The taxpayers can also view the Aggregate Turnover of the current FY based on  the returns filed till date.<\/p>\n<li>The  taxpayers have also been provided with the&nbsp;<strong>facility of turnover  updation<\/strong>&nbsp;in case taxpayers feel that the system calculated turnover  displayed on their dashboard varies from the turnover as per their records.<\/li>\n<li>This  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.<\/li>\n<li>The  taxpayer can amend the turnover&nbsp;<strong>twice within<\/strong>&nbsp;the month of May,  2022. Thereafter, the figures will be sent for review of the Jurisdictional Tax  Officer who can amend the values furnished by the taxpayer wherever required.<\/li>\n<\/ul>\n<p align=\"center\"><strong>Advisory on AATO Functionality<\/strong> <\/p>\n<p align=\"left\">  Please read the following advisory carefully before  proceeding ahead:<\/p>\n<ul>\n<li>This facility shows  to the taxpayer AATO (Annual Aggregate Turnover) based on the returns filed by him\/her  in the last financial year.<\/li>\n<li>The facility of  turnover update has also been provided to the taxpayer in this functionality,  if the said taxpayer feels that the system calculated turnover varies from the  turnover as per his\/her records.<\/li>\n<li>As stated, the  calculation is based on the returns filed in the last financial year. For  details of the calculation see&nbsp;<a href=\"https:\/\/services.gst.gov.in\/pages\/services\/aato\/AggTurOvrMethodology2020-21.html\">Turnover calculation logic<\/a>.<\/li>\n<li>This 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 his turnover shall be summed up for  computation of Annual Aggregate Turnover for each of the GSTINs.<\/li>\n<li>The taxpayer can  amend the turnover&nbsp;<strong>twice within<\/strong>&nbsp;a period of&nbsp;<strong>one month<\/strong>&nbsp;from  the date of roll out of this functionality.<\/li>\n<li>Thereafter, the  updated value shall be frozen with no further attempts provided to the  taxpayers to amend their turnover(s) and this turnover figure will be sent to  the Jurisdictional Tax Officer for review.<\/li>\n<li>In case the  jurisdictional Officer finds any discrepancy in the updated\/amended values  furnished by the taxpayer, the said officer can amend the turnover.<\/li>\n<li>Tax officers are  expected to consult and\/or communicate with the taxpayer before amending the  turnover declared by the taxpayer.<\/li>\n<li>The turnover  finalized by the tax officer after such consultation shall be considered final.<\/li>\n<li>In case no action is  taken by the officer within 30 days on the turnover reported by the taxpayer,  the same shall then be considered final (which will be displayed to the  taxpayer accordingly) and will be considered as such for the entire previous  financial year.<\/li>\n<li>In case of any  grievances pertaining to the said functionality, the aggrieved taxpayer can  raise a ticket at&nbsp;<a href=\"https:\/\/selfservice.gstsystem.in\/\">https:\/\/selfservice.gstsystem.in<\/a>.<\/li>\n<li>All such tickets  shall be investigated by the technical team and shall be resolved on a case by  case basis and when needed they shall be forwarded to the jurisdictional  officer.<\/li>\n<\/ul>\n<p><strong>Note:<\/strong>&nbsp;Taxpayers are expected to use this  functionality&nbsp;<strong>only if<\/strong>&nbsp;there is a discrepancy observed by them  in the system calculated turnover as per the&nbsp;<a href=\"https:\/\/services.gst.gov.in\/pages\/services\/aato\/AggTurOvrMethodology2020-21.html\">calculation logic<\/a>&nbsp;mentioned below.<\/p>\n<p align=\"center\"><strong>Annual Aggregate Turnover Computation  Methodology<\/strong> <\/p>\n<p align=\"left\"><strong>For Normal Taxpayers who have filed all GSTR-3Bs:<\/strong> <br \/>\n  Turnover reported in GSTR-3B Column 2 of Table 3.1  { (a),(b),(c) &amp; (e)} during the Financial Year 2020-21 have been taken into  consideration (in case all the returns have been filed for the same). <\/p>\n<ol start=\"1\" type=\"1\">\n<li>Outward       taxable supplies(other than zero rated, nil rated and exempted).<\/li>\n<li>Outward       taxable supplies(zero rated).<\/li>\n<li>Other       outward supplies (nil rated, exempted).<\/li>\n<li>Non-GST       outward supplies.<\/li>\n<\/ol>\n<p><strong>For Normal Taxpayers who have not filed all  GSTR-3Bs:<\/strong> <br \/>\n  The following formula is used for extrapolation of  turnover: <br \/>\n  <em>(Sum of taxable value) X (*No.of GSTR-3B liable to  be filed)\/(No. of GSTR-3B filed)<\/em> <br \/>\n  <em>*Categorisation of taxpayers to derive the number  of GSTR-3B liable to be filed<\/em> <br \/>\n<strong>I.&nbsp;GSTINs who are&nbsp;<\/strong><strong>active<\/strong><strong>&nbsp;as on date and  were&nbsp;<\/strong><strong>NOT  IN composition&nbsp;<\/strong><strong>during&nbsp;<\/strong><strong>FY 2020-21<\/strong><strong>, number of GSTR-3B liable to be filed have been arrived at as follows:<\/strong><\/p>\n<blockquote>\n<p>a. If the taxpayer is  migrated, then No. of GSTR-3B liable to be filed is 12<br \/>\n      b. If the taxpayer is  new and registered on or before 31st&nbsp;March,2021, the No.of  GSTR-3Bs liable to be filed shall be derived on the basis of GSTIN  approval\/grant date i.e. if approval\/grant date is on or before April, 2020,  then 12, else based on month of approval\/grant of GSTIN (e.g. If the month of  grant of GSTIN is May 2020, then number of GSTR-3B liable to be filed is 11,if  it is June 2020, then it is 10 and so on).<\/p>\n<\/blockquote>\n<p><strong>II.&nbsp;GSTINs who are&nbsp;<\/strong><strong>cancelled<\/strong><strong>&nbsp;as on date and  were&nbsp;<\/strong><strong>NOT  IN composition<\/strong><strong>&nbsp;during&nbsp;<\/strong><strong>2020-21<\/strong><strong>, number of GSTR-3B liable to be filed  have been arrived at as follows:<\/strong><\/p>\n<blockquote>\n<p>a. GSTINs registered on  or before 31st&nbsp;March 2021.<br \/>\n  b. Months between  cancellation date and approval\/grant date of GSTIN decides the number of  GSTR-3B liable to be filed.<br \/>\n    c.<br \/>\n  If cancellation date  is beyond March 2021, then month between March 2021 and approval\/grant Month of  GSTIN is derived.<br \/>\n  d. If approval\/Grant of  GSTIN month is before April 2020, then month between cancellation date and  April 2020 is derived.<\/p>\n<\/blockquote>\n<p><strong>III.&nbsp;GSTINs who are&nbsp;<\/strong><strong>active<\/strong><strong>&nbsp;as on date  and&nbsp;<\/strong><strong>were  in composition BUT WITHDRAWN&nbsp;<\/strong><strong>during&nbsp;<\/strong><strong>2020-21<\/strong><strong>, number of GSTR-3B  liable to be filed have been arrived at as follows:<\/strong><\/p>\n<blockquote>\n<p>a. GSTINs registered on  or before 31st&nbsp;March 2021.<br \/>\n  b. Months between  Withdrawal date and 31st&nbsp;March 2021 is defined as number of GSTR-3B  liable to file.<\/p>\n<\/blockquote>\n<p><strong>IV.&nbsp;GSTINs who are&nbsp;<\/strong><strong>cancelled<\/strong><strong>&nbsp;as on date  and&nbsp;<\/strong><strong>were  in composition BUT WITHDRAWN&nbsp;<\/strong><strong>during&nbsp;<\/strong><strong>2020-21<\/strong><strong>, number of GSTR-3B  liable to be filed have been arrived at as follows:<\/strong><\/p>\n<blockquote>\n<p>a. GSTINs registered on  or before 31st&nbsp;March 2021.<br \/>\n  b. Months between Withdrawal  date and 31st&nbsp;March 2021 and cancellation date decides the  number of GSTR-3B liable to be filed.<br \/>\n  c. If cancellation date  is beyond March 2021, then month between March 2021 and Withdrawal Month of  GSTIN is derived.<\/p>\n<\/blockquote>\n<p><strong>For&nbsp;<u>Composition Taxpayers<\/u>&nbsp;opted-in  throughout the FY:<\/strong>&nbsp;Since the Annual Aggregate Turnover limit for opting in as  Composition Taxpayer is up to Rs. 1.5 crore, and will use the following  extrapolation formula:<br \/>\n    <em>(Sum of taxable value) X (*No. of CMP-08 liable to  be filed)\/ (No. of CMP-08 filed)<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>2022\/05\/gstcouncil.jpg<\/p>\n","protected":false},"author":1,"featured_media":7141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/7278"}],"collection":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/comments?post=7278"}],"version-history":[{"count":0,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/7278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media\/7141"}],"wp:attachment":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media?parent=7278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/categories?post=7278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/tags?post=7278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}