A New functionality on Display of Annual Aggregate Turnover (AATO) is enabled on the GST Portal for taxpayers.
It is done by Goods and Services Tax Network (GSTN).The new functionality is displayed on taxpayers’ dashboard.
These are the features attributed to the new functionality:-
•The taxpayers will now be able to see exact Annual Aggregate Turnover (AATO) of the previous financial year.
•The taxpayers can also view Aggregate Turnover of the current financial year depending upon the returns filed till date.
•A new facility has also been provided to the taxpayers. It is the facility of turnover update. If the taxpayers feel that the system calculated aggregate turnover is different from their records, they can avail this facility.
•This facility is available to all the GSTINs registered on a common PAN.
The facility to update turnover will be allowed twice within a period of 1 month from the date of roll out of this functionality.
Then these figures will be sent to Jurisdictional Tax Officer for verification. Upon successful verification these figures will be updated by the officer.
The taxpayers are advised to check out the advisory section with respect to this functionality. It is available on taxpayer’s dashboards.