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Annual Aggregate Turnover Computation Methodology - GST

PANKAJ SHAH 
on 19 November 2020

LinkedIn


This article has been taken from the GST website & I have added some of my views to this.

Annual Aggregate Turnover Computation Methodology

1. Calculation of the number of taxpayers eligible and liable to file GSTR- 3B 

a) Scenario - 1: As on date: Active Taxpayer and was not under the composition scheme in the FY 2019-2020

  1. All taxpayers who got registered on or before 31st March 2020 are being considered.
  2. If a taxpayer has migrated or registered on or before 30th April 2020, the number of GSTR- 3B eligible or liable to be filed is fixed at 12.
  3. If new taxpayers are registered after 30th April 2020 then the number of GSTR- 3B eligible or liable to be filed is during the months that lie between 31st March 2020 and the date of registration.

b) Scenario - 2: As on date: Cancelled Taxpayer and was not under the composition scheme in FY 2019-2020.

  1. All the taxpayers who got registered on or before 31st March 2020 are being considered.
  2. Taxpayers who got canceled after 01st April 2019 are considered.
  3. If the cancellation date is beyond 31st March 2020, then cancellation w.e.f. the date is considered as 31st March 2020 for calculation purposes.
  4. If the cancellation date is the 1st day of the month, then cancellation w.e.f. the date is fixed as the last day of previous months for calculation purposes.
  5. If the taxpayer has either migrated or registered before 01st April 2019 then the number of GSTR- 3B eligible or liable to be filed during the months that lie between the cancellation date and 01st April 2019.
  6. If a new taxpayer has registered during 2019-2020 then the number of GSTR- 3B eligible or liable to be filed is calculated for the months that lie between the cancellation date and the date of registration.

c) Scenario - 3: As on date: Active Taxpayer and was under the composition scheme for some time in 2019-2020 and opted out (withdrew) from composition scheme during 2019-20.

  1. All taxpayers who got registered on or before 31st March 2020 are being considered.
  2. The number of GSTR - 3B eligible or liable to be filed is calculated for the months that lie between 31st March 2020 and the date of Opt-out/Withdrawal from Composition scheme.

d) Scenario- 4: As on date: Cancelled Taxpayer and was in composition scheme for some time in 2019-2020 and opted out (withdrew) from Composition Scheme during 2019-2020.

  1. All taxpayers who got registered on or before 31st March 2020 are being considered.
  2. Taxpayers who got canceled after 01st April 2019 are considered.
  3. If the cancellation from the date is beyond 31st March 2020 then cancellation from the date is considered as 31st March 2020 for calculation purposes.
  4. If cancellation from the date is the 1st day of the month, then cancellation from the date is fixed as the last day of previous months for calculation purposes.
  5. The number of GSTR- 3B eligible or liable to be filed is to be calculated for the months that lie between the cancellation date and Opt-out/Withdrawal date from Composition Scheme.

NOTE: If the month comes out to be in fraction, we consider the next highest integer. (For e.g. 2020-03-31 and 2019-09-28 comes to 6.09 we consider it as 7).

2. Calculation of the Number of taxpayers eligible or liable to file CMP-08 

a) Scenario- 1: As on date: Active Taxpayer who was in composition for the full FY 2019-2020

 
  1. All taxpayers who got registered on or before 31st March 2020 are being considered.
  2. The number of CMP-08 returns eligible or liable to be filed for the months that lie between 31st March 2020 and the composition start date.

b) Scenario- 2: As on date: Cancelled Taxpayer who was in composition for the full FY 2019-2020

  1. All taxpayers who got registered on or before 31st March 2020 are being considered.
  2. Taxpayers who got canceled after 01st April 2019 are considered.
  3. If cancellation from the date is beyond 31st March 2020 then the cancellation date is considered as 31st March 2020 for calculation purposes.
  4. If the cancellation is from the 1st day of the month then the cancellation date is fixed as the last day of the previous month for calculation purpose
  5. The number of CMP-08 eligible or liable to be filed is of the months that lie between the cancellation date and the composition start date.

c) Scenario- 3: As on date: Active Taxpayer and was under the Composition scheme for some time in 2019-2020 and opted out (withdrew) from the Composition Scheme during 2019-20.

 
  1. All taxpayers who got registered on or before 31st March 2020 are being considered.
  2. The number of CMP-08 eligible or liable to be filed is of the months that lie between the date of Opt-out/Withdrawal from Composition scheme and the composition start date.

d) Scenario- 4: As on date: Cancelled Taxpayer and was in Composition scheme for some time in 2019-2020 and opted out (withdrew) from the Composition Scheme during 2019-20.

  1. All taxpayers who got registered on or before 31st March 2020 are being considered.
  2. Taxpayers who got canceled after 01st April 2019 are considered.
  3. If cancellation from the date is beyond 31st March 2020 then the cancellation date is considered as 31st March 2020 for calculation purposes.
  4. If the cancellation date is the 1st day of the month then the cancellation date is fixed as the last day of the previous month for calculation purposes.
  5. If the cancellation date is prior to the Opt-out/Withdrawal date from the Composition, then the number of CMP-08 eligible or liable to be filed is calculated for the months that lie between the cancellation date and the Composition Start date.
  6. If the cancellation date is post Opt-out/Withdrawal date from the Composition, then the number of CMP-08 eligible or liable to be filed is calculated for the months that lie between the Opt-out/Withdrawal date and the Composition start date.

NOTE: If the month between comes out to be in fraction, we consider the next highest integer (For e.g. 2020-03-31 and 2019-09-28 comes to 6.09 we consider as 7). Further, CMP-08 being a quarterly return/statement, the output has been divided by 3.

3. Extracted GSTIN-wise Number of GSTR-3B filed and Turnover declared in GSTR-3B

a) Number of GSTR-3B filed by the taxpayer for the FY 2019-2020 and turnover declared in GSTR- 3B (Table 3.1. a, b, c, e) have been calculated.

4. Extracted GSTIN-wise Number of CMP-08 filed and Outward supply declared in CMP-08

a) Number of CMP-08 filed by the taxpayer for the FY 2019-2020 and outward supply declared in CMP-08 (Table 3, Row- 1, Column- 3 of CMP-08) have been calculated.

5. Extrapolation of Turnover at GSTIN level (for those who have not filed all the returns as per their eligibility or liability)

a) GSTIN-wise GSTR-3B turnover for FY 2019-2020 has been extrapolated by the formula:

  • (Total turnover declared as per all GSTR-3B filed / No. of GSTR-3B filed) X No. of GSTR-3B eligible or liable to be filed

b) GSTIN-wise CMP-08 outward supply has been extrapolated by the formula:

  • (Total outward supply declared as per all CMP-08 filed / No. of CMP-08 filed) X No. of CMP- 08 eligible or liable to be filed

c) Added both the values of S. No. 5(a) and S. No. 5(b).

(Note: For those taxpayers who have filed all the returns as per their respective eligibilities, the value of S. No. 5(c) will be the actual turnover)

6. Aggregation of extrapolated turnover at PAN level or Annual Aggregate Turnover

a) Resultant values as per S.No. 5(c) are aggregated or rolled up at PAN level to arrive at the Annual Aggregate Turnover.


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