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Methodology to compute Annual Aggregate Turnover under GST

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Methodology to compute Annual Aggregate Turnover under GST

For Normal Taxpayers who have filed all GSTR-3Bs:

Turnover reported in GSTR-3B Column 2 of Table 3.1 { (a),(b),(c) & (e)} during the Financial Year 2020-21 have been taken into consideration (in case all the returns have been filed for the same).

  1. Outwardtaxable supplies(other than zerorated, nil rated and exempted).
  2. Outwardtaxable supplies(zero rated).
  3. Other outward supplies (nil rated, exempted).
  4. Non-GST outward supplies.

For Normal Taxpayers who have not filed all GSTR-3Bs:

The following formula is used for extrapolation of turnover:

(Sum of taxable value) X (*No.of GSTR-3B liable to be filed)/(No. of GSTR-3B filed)

*Categorisation of taxpayers to derive the number of GSTR-3B liable to be filed

I. GSTINs who are active as on date and were NOT IN composition during FY 2020-21, number of GSTR-3B liable to be filed have been arrived at as follows:

  1. If the taxpayer is migrated, then No.of GSTR-3B liable to be filed is 12
  2. If the taxpayer is new and registered on or before 31st March,2021, the No.of GSTR-3Bs liable to be filed shall be derived on the basis of GSTIN approval/grant date i.e. if approval/grant date is on or before April, 2020, then 12, else based on month of approval/grant of GSTIN (e.g. If the month of grant of GSTIN is May 2020, then number of GSTR-3B liable to be filed is 11,if it is June 2020, then it is 10 and so on).

II. GSTINs who are cancelled as on date and were NOT IN composition during 2020-21, number of GSTR-3B liable to be filed have been arrived at as follows:

  1. GSTINs registered on or before 31st March 2021.
  2. Months between cancellation date and approval/grant date of GSTIN decides the number of GSTR-3B liable to be filed.
  3. If cancellation date is beyond March 2021, then month between March 2021 and approval/grant Month of GSTIN is derived.
  4. If approval/Grant of GSTIN month is before April 2020, then month between cancellation date and April 2020 is derived.

III. GSTINs who are active as on date and were in composition BUT WITHDRAWN during 2020-21, number of GSTR-3B liable to be filed have been arrived at as follows:

  1. GSTINs registered on or before 31st March 2021.
  2. Months between Withdrawal date and 31st March 2021 is defined as number of GSTR-3B liable to file.

IV. GSTINs who are cancelled as on date and were in composition BUT WITHDRAWN during 2020-21, number of GSTR-3B liable to be filed have been arrived at as follows:

  1. GSTINs registered on or before 31st March 2021.
  2. Months between Withdrawal date and 31st March 2021 and cancellation date decides the number of GSTR-3B liable to be filed.
  3. If cancellation date is beyond March 2021, then month between March 2021 and Withdrawal Month of GSTIN is derived.

For Composition Taxpayers opted-in throughout the FY: Since the Annual Aggregate Turnover limit for opting in as Composition Taxpayer is up to Rs. 1.5 crore, and will use the following extrapolation formula:

(Sum of taxable value) X (*No. of CMP-08 liable to be filed)/ (No. of CMP-08 filed)

Source

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