CBIC Dept Adds New AATO Feature for Taxpayers on GST Portal

The Goods and Services Tax Network (GSTN) facilitate the new functionality on annual Aggregate Turnover (AATO) used on GST Portal for the assessee.

Latest Update

03rd May 2022

• The AATO computation for FY 2021-22 has been live on the official GST portal for the taxpayers. View More

New Functionality to Modify AATO on GST Portal

On the web portal of GST, The Central Board of Indirect Taxes and Customs (CBIC) has enabled the functionality of modifying Annual Aggregate Turnover wherein the taxpayers have assessed and entered the wrong amount of Annual Aggregate Turnover.

The Annual Aggregate Turnover is calculated based on the returns that are filed by taxpayers. The in-depth details of calculating AATO has been mentioned on the ‘Advisory’ option at the dashboard of taxpayers. However, if a modification is made beyond a reasonable limit (as specified in advisory), the same shall be e-mailed to the dashboard of the jurisdictional officer for taking an apt action. However, don’t use the aforesaid functionality just for confirming it as it is a sensitive and important option that is used in extreme cases.

GSTN has done the new functionality on assessee dashboards through the mentioned specifications:

• The assessee can see the specified Annual Aggregate Turnover (AATO) for the prior FY, rather than just the two slabs of Above or up to Rs. 5 Crore.
• The assessee can see the average turnover of the present fiscal year upon the grounds of the returns furnished to date.
• The assessee gives the facility turnover update for the case assessee feels that the system, computed turnover has shown on their dashboard alters from the turnover according to the records.
• This new facility of turnover will give to all the GSTINs enrolled Under GST regime, registration is the foremost and the essential step for existing taxpayers as without registration they would not get GSTIN number which is a basic identity number of a taxpayer on the common PAN. all the amendments through any GSTINs in their turnover will be summed up for the calculation of every GSTINs for yearly average turnover.
• The assessee can revise the turnover twice in a period of one month from the rollout date of the functionality. Post to that the numbers shall be provided for review through the Jurisdictional Tax Officer who then changes the values filed through the assessee.

For information, the assessee might check out the advisory section of the mentioned functionality on their corresponding dashboard.