The Goods and Service Tax Network on 2nd May 2022, has notified the functionality of Annual Aggregate Turnover(AATO) for the FY 2021-22 which has now been made live on taxpayers’ dashboards with the following features:
The taxpayers can view the exact Annual Aggregate Turnover (AATO) for the previous Financial Year (FY) and can also view the Aggregate Turnover of the current FY based on the returns filed till date.
The taxpayers have also been provided with the facility of turnover updation, 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 the month of May, 2022. Thereafter, the figures will be sent for review of the Jurisdictional Tax Officer who can amend the values furnished by the taxpayer wherever required.
