Received mail from GSTN “Aggregate turnover being more than Rs. 5 Cr during FY 2019-20” What does this mean?
In past 2 days many people must have received such notice/ e-mail from GSTN that your turnover in FY 2019-20 is more than 5 crore. Let’s see first what e-mail is being sent:
“Your aggregate turnover for the financial year 2019-20 has been computed by GST system based on the returns filed in Form GSTR-3B by all registrations on the common PAN. The same has been found to be more than Rs. 5 Cr where returns of FY 2019-20 filed upto 25th July, 2020 have been considered for the said computation.
Your attention is drawn to definition of ‘Aggregate turnover’, defined under clause 6 of section 2 of the CGST Act, 2017. Accordingly, following methodology to compute aggregate turnover has been adopted:
(a) Turnover declared in Table 3.1(a), 3.1(b), 3.1(c) and 3.1(e) of GSTR-3B has been accounted for the computation.
(b) If the return of a tax period which was due to be filed but has not been filed for any of the GSTINs registered on the common PAN, the turnover of that period has been estimated by way of extrapolation as under:
[(Turnover declared/ No. of GSTR-3B filed) * No. GSTR-3B liable to be filed].
(c) The turnover (including extrapolated turnover) of GSTINs has been summed up at PAN level.
Further, it is brought to your notice that the above turnover will be used for certain validations in the System such as determining due date of return filing, computation of late fee by the system. You can also use the same for reporting interest on delayed payments based on self-assessment basis.
If any discrepancy is found in the turnover data based on the computation, as explained above and the actual turnover, the taxpayer may file a grievance at https://selfservice.gstsystem.in for redressal. The taxpayers are advised to upload the information while raising complaint in following format, which will enable our team to resolve the same:
| PAN | Legal name | |||||
| Sr. No. | GSTIN | Registration grant date | Tax period of last GSTR-3B filed | Date of filing of last GSTR-3B | STATUS (Active/ Cancelled) | Turnover as per taxpayer (Rs.) |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 1 | ||||||
| 2 | ||||||
| 3 |
Thus, from the above mail the important points to note are:
1. This e-mail is just for information purpose and you need to take action only if you are unaware of the turnover or your turnover is below 5 crore i.e. you have sales return in future months etc. and your turnover is now below Rs. 5 crore.
2. The turnover to be seen while deciding on the due date would be aggregate turnover of all state and GST number based on one PAN and not GSTN based turnover.
3. This also will help as a tool where GST for different state of a taxpayer are handled by different professional and they are unaware about total turnover of the taxpayer.
4. Thus, one who is agreeing with the turnover is not required to panic or reply to anything.
This article is just for information purpose and are personal views of the author. It is always advisable to hire a professional for practical execution or you can mail us. If you need assistance you can ask a question to our expert and get the answer within an hour or post a comment about your views on the post and also subscribe to our newsletter for latest weekly updates.