{"id":25416,"date":"2021-05-09T05:24:51","date_gmt":"2021-05-09T05:24:51","guid":{"rendered":"https:\/\/indiataxations.in\/?p=25416"},"modified":"2021-05-09T05:24:51","modified_gmt":"2021-05-09T05:24:51","slug":"annual-aggregate-turnover-computation-methodology","status":"publish","type":"post","link":"https:\/\/indiataxations.in\/index.php\/2021\/05\/09\/annual-aggregate-turnover-computation-methodology\/","title":{"rendered":"Annual Aggregate Turnover Computation Methodology"},"content":{"rendered":"
\n

1.<\/b>\u00a0Calculation of Number of GSTR- 3B eligible or liable to filed<\/span><\/p>\n

\n

a)<\/span>\u00a0Scenario- 1: As on date\u00a0Active<\/b>\u00a0Taxpayer – and\u00a0was not in composition<\/b>\u00a0in 2019-2020<\/span><\/p>\n

    \n
  1. All tax payers who got registered on or before 31st<\/sup>\u00a0March 2020 are being considered.<\/li>\n
  2. If Migrated tax payer or registered on or before 30th<\/sup>\u00a0April 2020; number of GSTR- 3B eligible or liable to be filed is fixed as 12.<\/li>\n
  3. If new tax payers registered after 30th<\/sup>\u00a0April 2020 then number of GSTR- 3B eligible or liable to be filed is months between 31st<\/sup>\u00a0March 2020 and date of registration.<\/li>\n<\/ol>\n<\/div>\n
    \n

    b)<\/span>\u00a0Scenario- 2: As on date\u00a0Cancelled<\/b>\u00a0Taxpayer – and\u00a0was not in composition<\/b>\u00a0in 2019-2020.<\/span><\/p>\n

      \n
    1. All tax payers who got registered on or before 31st<\/sup>\u00a0March 2020 are being considered.<\/li>\n
    2. Derived the cancellation w.e.f. date and the tax payers who got cancelled after 01st<\/sup>\u00a0April 2019 are considered.<\/li>\n
    3. If cancellation w.e.f. date is beyond 31st<\/sup>\u00a0March 2020 then cancellation w.e.f. date is considered as 31st<\/sup>\u00a0March 2020 for calculation purpose.<\/li>\n
    4. If cancellation w.e.f. date is 1st<\/sup>\u00a0day of the month then cancellation w.e.f. date is fixed as last day of previous months for calculation purpose.<\/li>\n
    5. If migrated tax payers or registered before 01st<\/sup>\u00a0April 2019 then number of GSTR- 3B eligible or liable to be filed is months between cancellation w.e.f. date and 01st<\/sup>\u00a0April 2019.<\/li>\n
    6. If new tax payer registered during 2019-2020 then number of GSTR- 3B eligible or liable to be filed is months between cancellation w.e.f. date and date of registration.<\/li>\n<\/ol>\n
      \n

      c)<\/span>\u00a0Scenario- 3: As on date\u00a0Active<\/b>\u00a0Taxpayer and\u00a0was in Composition scheme for some time<\/b>\u00a0in 2019-2020 and\u00a0opted out (withdrew)<\/b>\u00a0from Composition Scheme during 2019-20.<\/span><\/p>\n

        \n
      1. All taxpayers who got registered on or before 31st<\/sup>\u00a0March 2020 are being considered.<\/li>\n
      2. Number of GSTR- 3B eligible or liable to be filed is months between 31st<\/sup>\u00a0March 2020 and date of Opt-out\/Withdrawal from Composition scheme.<\/li>\n<\/ol>\n<\/div>\n
        \n

        d)<\/span>\u00a0Scenario- 4: As on date\u00a0Cancelled<\/b>\u00a0Taxpayer and\u00a0was in Composition scheme for some time<\/b>\u00a0in 2019-2020 and\u00a0opted out (withdrew)<\/b>\u00a0from Composition Scheme during 2019-2020.<\/span><\/p>\n

          \n
        1. All taxpayers who got registered on or before 31st<\/sup>\u00a0March 2020 are being considered.<\/li>\n
        2. Derived the cancellation w.e.f. date and the tax payers who got cancelled after 01st<\/sup>\u00a0April 2019 are considered.<\/li>\n
        3. If cancellation w.e.f. date is beyond 31st<\/sup>\u00a0March 2020 then cancellation w.e.f. date is considered as 31st<\/sup>\u00a0March 2020 for calculation purpose.<\/li>\n
        4. If cancellation w.e.f. date is 1st<\/sup>\u00a0day of the month then cancellation w.e.f. date is fixed as last day of previous months for calculation purpose.<\/li>\n
        5. Number of GSTR- 3B eligible or liable to be filed is months between cancellation w.e.f date and Opt-out\/Withdrawal date from Composition Scheme.<\/li>\n<\/ol>\n<\/div>\n

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

          \n

          2.<\/b>\u00a0Calculation of Number of CMP-08 eligible or liable to be filed<\/span><\/p>\n

          \n

          a)<\/span>\u00a0Scenario- 1: As on date\u00a0Active<\/b>\u00a0Taxpayer – and\u00a0was in composition<\/b>\u00a0for full year 2019-2020<\/span><\/p>\n

            \n
          1. All taxpayers who got registered on or before 31st<\/sup>\u00a0March 2020 are being considered.<\/li>\n
          2. Number of CMP-08 eligible or liable to be filed is months between 31st<\/sup>\u00a0March 2020 and composition start date.<\/li>\n<\/ol>\n<\/div>\n
            \n

            b)<\/span>\u00a0Scenario- 2: As on date\u00a0Cancelled<\/b>\u00a0Taxpayer – and\u00a0was in composition for full year<\/b>\u00a02019-2020<\/span><\/p>\n

              \n
            1. All taxpayers who got registered on or before 31st<\/sup>\u00a0March 2020 are being considered.<\/li>\n
            2. Derived the cancellation w.e.f. date and the taxpayers who got cancelled after 01st<\/sup>\u00a0April 2019 are considered.<\/li>\n
            3. If cancellation w.e.f. date is beyond 31st<\/sup>\u00a0March 2020 then cancellation w.e.f. date is considered as 31st<\/sup>\u00a0March 2020 for calculation purpose.<\/li>\n
            4. If cancellation w.e.f. date is 1st<\/sup>\u00a0day of the months then cancellation w.e.f. date is fixed as last day of previous months for calculation purpose<\/li>\n
            5. Number of CMP-08 eligible or liable to be filed is months between cancellation w.e.f date and composition start date.<\/li>\n<\/ol>\n<\/div>\n
              \n

              c)<\/span>\u00a0Scenario- 3: As on date Active Taxpayer and was in Composition scheme for some time in 2019-2020 and\u00a0opted out (withdrew) from Composition Scheme<\/b>\u00a0during 2019-20.<\/span><\/p>\n

                \n
              1. All taxpayers who got registered on or before 31st<\/sup>\u00a0March 2020 are being considered.<\/li>\n
              2. Number of CMP-08 eligible or liable to be filed is months between date of Opt-out\/Withdrawal from Composition scheme and composition start date.<\/li>\n<\/ol>\n<\/div>\n
                \n

                d)<\/span>\u00a0Scenario- 4: As on date Cancelled Taxpayer and was in Composition scheme for some time in 2019-2020 and\u00a0opted out (withdrew) from Composition Scheme<\/b>\u00a0during 2019-20.<\/span><\/p>\n

                  \n
                1. All tax payers who got registered on or before 31st<\/sup>\u00a0March 2020 are being considered.<\/li>\n
                2. Derived the cancellation w.e.f. date and the tax payers who got cancelled after 01st<\/sup>\u00a0April 2019 are considered.<\/li>\n
                3. If cancellation w.e.f. date is beyond 31st<\/sup>\u00a0March 2020 then cancellation w.e.f. date is considered as 31st<\/sup>\u00a0March 2020 for calculation purpose.<\/li>\n
                4. If cancellation w.e.f. date is 1st<\/sup>\u00a0day of the month then cancellation w.e.f. date is fixed as last day of previous months for calculation purpose.<\/li>\n
                5. If cancellation w.e.f. date is prior to Opt-out\/Withdrawal date from Composition then number of CMP-08 eligible or liable to be filed is months between cancellation w.e.f. date and Composition Start date.<\/li>\n
                6. If cancellation w.e.f. date is post Opt-out\/Withdrawal date from Composition then number of CMP-08 eligible or liable to be filed is months between Opt-out\/Withdrawal date and Composition start date.<\/li>\n<\/ol>\n<\/div>\n

                  NOTE: If 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.<\/p>\n<\/div>\n

                  \n

                  3.<\/b>\u00a0Extracted GSTIN-wise Number of GSTR- 3B filed and Turnover declared in GSTR-3B<\/span><\/p>\n

                  \n
                  \n

                  a)\u00a0Number of GSTR-3B filed by the tax payer for the FY 2019-2020 and turnover declared in GSTR- 3B (Table 3.1. a, b, c, e) have been calculated.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

                  \n

                  4.<\/b>\u00a0Extracted GSTIN- wise Number of CMP-08 filed and Outward supply declared in CMP-08<\/span><\/p>\n

                  \n
                  \n

                  a)\u00a0Number of CMP-08 filed by the tax payer for the FY 2019-2020 and outward supply declared in CMP-08 (Table 3, Row- 1, Column- 3 of CMP-08) have been calculated.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

                  <\/div>\n

                  5.<\/b>\u00a0Extrapolation of Turnover at GSTIN level (for those who have not filed all the returns as per their eligibility or liability)<\/span><\/p>\n

                  \n
                  \n

                  a)\u00a0GSTIN-wise GSTR-3B turnover for FY 2019-2020 has been extrapolated by the formula:<\/span><\/p>\n<\/div>\n