GSTN Enables New Functionality on Annual Aggregate Turnover deployed on GST Portal
The Goods and Services Tax Network ( GSTN ) has enabled the New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers. \
The GSTN has implemented a new functionality on taxpayers dashboards with the following features:
•The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of Above or Upto Rs. 5 Cr.
•The taxpayers can also see the Aggregate Turnover of the current FY based on the returns filed to date.
•The taxpayers have also now been provided with the facility of turnover update in case taxpayers feel that the system calculated turnover displayed on their dashboard varies from the turnover as per their records.
•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
•The taxpayer can amend the turnover twice within a period of one month from the date of roll out of this functionality. Thereafter, the figures will be sent for review by the Jurisdictional Tax Officer who then can amend the values furnished by the taxpayer.
For more details, the taxpayers may check out the ‘Advisory’ section of the aforementioned functionality on their respective dashboards.
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