GST Alert! Now Taxpayers Should Update Annual Aggregate Turnover Before 31st August 2021. Read How to Update

Now GSTN is showing Annual Aggregate Turnover on taxpayer’s dashboard on the website

• 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 till 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 of the Jurisdictional Tax Officer who then can amend the values furnished by the taxpayer.

Note: For details, the taxpayers may check out the ‘Advisory’ section of the aforementioned functionality on their respective dashboards.

Screen Shot of the website attached for your kind reference:

To update the turnover, click on “View/ Update” button and follow the process.

There are some points regarding updation of Annual Aggregate Turnover which need to be considered before going to update the same on website. Please Click Here to View Video