How to Check Annual Turnover in GST Portal

What is Annual Aggregate Turnover or Annual Turnover?

"Aggregate turnover" means the cumulative value of all taxable supplies, including exports of goods and/or services, exempt supplies, and interstate supplies, about entities sharing the same PAN, and is calculated on an all-India basis. It is essential to note that this calculation excludes the value of inward supplies subject to GST under the reverse charge mechanism. Additionally, the aggregate turnover does not encompass Central tax, State tax, Union territory tax, Integrated tax, and cess.

In essence, the aggregate turnover comprises the summation of the following components:

• Value of all the goods and services that are taxed.
• Value of all Inter-state supplies.
• Value of all exempt pools of goods and services.
• Value of all exports of goods or services or both.

However, certain items are expressly excluded from the turnover calculation:

• Inward supplies attract taxes under reverse charge.
• Taxes and cesses levied under GST.
• Interstate supply of services.
• Transactions that do not qualify as the supply of goods or services.
• Supplies made outside India or received from outside India.

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What is the Purpose of Calculating AATO?

The purpose of calculating the Aggregate Annual Turnover at the PAN level is to -

• Check the threshold limit required for GST registration
• Eligibility for composition scheme.

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What are the Components of Aggregate Annual Turnover?

Aggregate Annual Turnover (AATO) under GST refers to the total turnover calculated at the PAN level, combining all GSTINs registered under the same PAN. It includes the following:

• Taxable sales value
• Exempt sales value
• Export of goods and services
• Interstate supplies to sister concerns under the same PAN
• Interstate stock transfers or supplies between distinct persons under the same PAN

Things to Remember While Calculating AATO:

• Exclude purchases subject to Reverse Charge Mechanism (RCM) from the taxable sales value.
• Include sales subject to RCM as part of taxable supplies.
• Do not include tax components such as Central Tax, State Tax, Union Territory Tax, Integrated Tax, or Cess in the turnover calculation.

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How to Calculate Aggregate Annual Turnover (AATO)?

To calculate the Annual Aggregate Turnover (AATO), add up all taxable sales, exempt sales, and stock transfer values. Here's an example:

Example 1: AATO Calculation for Normal Category States

Mr. B owns a tea estate with an annual turnover of ₹2.1 crore from selling tea leaves (exempt from GST). Additionally, he earns ₹3 lakh from selling plastic bags, which are taxable under GST.

₹2.1 crore (exempt turnover) + ₹3 lakh (taxable turnover) = ₹2.4 crore

• GST Registration: Even though the taxable turnover is only ₹3 lakh, Mr. B must register for GST as his aggregate turnover exceeds the threshold limit of ₹40 lakh.
• Composition Scheme: Mr. B cannot opt for the composition scheme because his aggregate turnover exceeds the ₹1.5 crore limit for composition dealers.

Example 2: AATO Calculation for Special Category States

Before understanding the AATO calculation, let’s have a look at the list of special category states -

Mr.A is a farmer who lives in Nagaland and sells crops worth Rs.25 lakhs in a year. He also sells plastic bags worth Rs.50,000.
Then, the annual aggregate turnover will be,
Rs.25 lakhs + Rs.5 lakhs = Rs.30 lakhs

Therefore, Mr.A should register under GST as his annual aggregate turnover exceeds Rs.20 lakhs for special category states.

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What is Turnover in State Under GST?

Turnover in State refers to the total turnover of an entity within a specific state or union territory, unlike aggregate turnover, which combines turnover across all GST registrations under a single PAN. It serves as the basis for calculating the composition levy.

Components of Turnover in State:

It includes the following -

• Aggregate value of all taxable supplies (excluding inward supplies under RCM).
• Exempt supplies made within the state or union territory.
• Exports of goods or services.
• Inter-state supplies of goods or services originating from the state or union territory.

It excludes the following -

• Stock transfers.
• Tax components such as CGST, SGST, UTGST, IGST, and cess.

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How to View Annual Turnover on GST Portal: A Step-by-Step Guide

• Go to the GST Portal and log in using your login credentials.
• After logging in, you will see your dashboard with various tabs and options. Click on the ‘Services’ tab and then select ‘Returns Dashboard’ from the drop-down menu.
  
• On the Returns Dashboard page, you will see a table with different return types and periods. Select the financial year and the return type as GSTR-9 (Annual Return) and click on ‘Search’.
  
• You will see a list of GSTR-9 returns filed by you for the selected financial year. Click on the ‘View’ button under the ‘Action’ column for the return you want to view.
  
• You will be redirected to the GSTR-9 Annual Return page, where you can see various details of your annual turnover, tax liability, input tax credit, and other information. To view your annual turnover, you can look at the following tables:
  • Table 4: Summary of advances, inward, and outward supplies with applicable tax in the financial year.
  • Table 5: Overview of outward supplies without tax liability in the financial year.
  • Table 6: Breakdown of Input Tax Credit (ITC) availed during the financial year.
  • Table 7: Details of ITC reversed and ineligible ITC for the fiscal year.
  • Table 8: Additional information related to ITC.
  • Table 9: Overview of tax paid, as declared in returns filed during the financial year.
  • Table 10: Summary of transactions from the previous financial year reported in the returns of the current financial year.
  • Table 11: Differential tax paid due to declarations in Table 10.
  • Table 12: Particulars of transactions from the previous financial year reported in returns from April to September of the current financial year or the filing date of the annual return for the previous financial year, whichever is earlier.
  • Table 13: Differential tax paid due to declarations in Table 12.
  • Table 14: Amendments to information provided in returns for earlier tax periods in Tables 4, 5, 6, 7, 8, and 9.
  • Table 15: Differential tax paid due to amendments in Table 14.
  • Table 16: Breakdown of demands and refunds.
  • Table 17: Details of supplies received from composition taxpayers, deemed supply under section 143, and goods sent on an approval basis.
  • Table 18: HSN-wise summary of outward supplies.
  • Table 19: HSN-wise summary of inward supplies.
• The calculation of annual turnover for the previous and current financial years is as follows:
  • Annual turnover for the previous financial year: Sum of values in Tables 4, 5, 10, and 12, minus the values in Tables 7 and 14.
  • Annual turnover for the current financial year: Sum of values in Tables 4, 5, and 14, minus the values in Table 7.

Aggregate Annual Turnover plays a crucial role in helping businesses determine their tax slabs, tax amount, and compliance requirements. However, calculating AATO yourself can be complicated, especially if you are new to the process and not an expert. Therefore, it is advisable to consult tax experts who can help you with accurate tax calculations and timely filing of your GST returns. Book a Tax Expert Now!

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