New Delhi: Just five days before the Goods and Services Tax (GST) is rolled out, the GST-Network (GSTN) will on 25 June launch an offline excel sheet format for use by traders and businesses to ...

New Delhi: Just five days before the Goods and Services Tax (GST) is rolled out, GST Network will on June 25 launch an offline excel sheet format for use by traders and businesses to upload sales ...

The Microsoft Excel template is part of GST Council's approach to make tax compliance highly easy and convenient for taxpayers and also reduce the time of compliance to improve ease of doing business.

By using our offline tool, the GST Calculator, businesses can organise funds and make timely payments while avoiding penalties and interest," said Archit Gupta, CEO, ClearTax.

Certain commodities however, will not be taxed at all and primary tax slabs has been made for certain items. The low rate GST is 5%, the standard rates of 12% and 18% and the high rates of 28%.

GST Network will on June 25 launch an offline excel sheet format for use by traders and businesses to upload sales data on the GST portal.