The Excel template, comprising eight worksheets, is part of GST Networks approach to make tax compliance easy and convenient for taxpayers and also reduce the time of compliance. This Excel template can be downloaded from the GST common portal (www.gst.gov.in), and can be used by taxpayers to collate all invoice related data on a regular basis. The data in Excel template will then be used by an offline tool, which GSTN will be releasing on July 15. The taxpayer can enter the details of his outward supply in the excel template on weekly basis or any other suitable regular interval," GSTN Chairman Navin Kumar said. The GST Return 1 Excel template can be used to prepare the GSTR 1 return without connecting to Internet in offline mode.

Source: India Today June 30, 2017 12:33 UTC