Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News Goods and Services Tax - GST Month 7 2021 2021 (7) This

New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers.

28-7-2021
  • Contents

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 ₹ 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.


Thanking You,
Team GSTN

Quick Updates:Latest Updates