The Goods and Services Tax Network (“GSTN”) has enabled the functionality of Annual Aggregate Turnover (“AATO”) computation for the F.Y. 2021-22 on taxpayers’ dashboard with the following features:
- The taxpayers can view the exact Annual Aggregate Turnover (AATO) for the previous Financial Year (FY).
- The taxpayers can also view the Aggregate Turnover of the current FY based on the returns filed to date.
- The taxpayers have also been provided with the facility of turnover option 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 GTINs.
- The taxpayer can amend the turnover twice within May 2022. Thereafter, the figures will be sent for review by the Jurisdictional Tax Officer who can amend the values furnished by the taxpayer wherever required.