Methodology of Calculating Annual Gross Turnover – india-gst.in


For ordinary taxpayers who filed all GSTR-3Bs:

The turnover reported in GSTR-3B column 2 of Table 3.1 (a), (b), (c) and (e) during fiscal year 2020-21 has been taken into account (if all returns are filed for the same ).

  1. Outgoing taxable supplies (other than zeros, zero-rated, and exempt).
  2. Outgoing taxable supplies (subject to zero rate tax).
  3. Other external supplies (classified zero, exempt).
  4. Foreign supplies that are not subject to GST.

For ordinary taxpayers who have not filed all GSTR-3Bs:

The following formula is used to extrapolate the turnover rate:

(Total taxable value) X (* Deposit GSTR-3B No.) / (Deposited GSTR-3B No.)

* Taxpayer classification to derive the number of GSTR-3B to file

1. GSTINs that were active on date and were not in formation during the 2020-2021 fiscal year, the depositable GSTR-3B number was accessed as follows:

  1. If the taxpayer is deported, the GSTR-3B number to file will be 12
  2. If the taxpayer is new and registered on or before 31St March 2021, the number of GSTR-3Bs to be submitted should be derived based on the GSTIN approval/grant date, i.e. if the approval/grant date is on or before April 2020, then 12, based on the GSTIN approval/grant month (for example, if the month of Granting GSTIN is May 2020, the depositable GSTR-3B number is 11, if in June 2020, it will be 10 etc.).

Secondly. GSTINs canceled as on date and not in configuration During the period 2020-21, a GSTR-3B number was reached that can be presented as follows:

  1. GSTIN numbers registered on or before 31St March 2021.
  2. The months between the date of cancellation and the date of approval/grant for the GSTIN decides how many GSTR-3B can be deposited.
  3. If the cancellation date is after March 2021, a month will be derived between March 2021 and the GSTIN month approval/grant.
  4. If the approval/grant for the month of GSTIN is before April 2020, the month will be derived between the date of cancellation and April 2020.

Third. GSTINs that were active in history and were in process of formation but withdrawn during 2020-21, the number of GSTR-3Bs that can be presented was reached as follows:

  1. GSTIN numbers registered on or before 31St March 2021.
  2. The months between the date of withdrawal and 31St March 2021 is defined as the GSTR-3B number subject to file.

Fourthly. GSTINs that were canceled in history and were in formation but withdrawn during 2020-21, the depositable GSTR-3B count was reached as follows:

  1. GSTIN numbers registered on or before 31St March 2021.
  2. The months between the date of withdrawal and 31St March 2021 and the cancellation date determine how many GSTR-3Bs can be submitted.
  3. If the cancellation date is after March 2021, the month will be derived between March 2021 and the month of GSTIN withdrawal.

For joint formation taxpayers throughout the fiscal year: As the annual gross turnover limit for subscription in the taxpayer role for formation is up to Rs. 1.5 crores, you will use the following extrapolation formula:

(Total taxable value) X (*CMP-08 number subject to filing) / (CMP-08 number filed)



Source link