GST is all set to roll out from 1 July and the corporate sector is trying to cope with new tax regime at its best. GSTN (Goods and Service Tax Network) the backbone of new tax regime has announced that it will launch an offline excel sheet format wherein traders and business will be able to upload their sales data on GST portal.
“We will release on GSTN website the excel sheet, from where offline tool will take the data, by June 25. It will help taxpayers know the kind of format in which information is to be given,” Navin Kumar, chairman of GSTN told PTI
This offline tool will be able to capture and upload the 19000 invoices data. It is being suggested by GSTN that if the taxpayer has a large number of invoices, they should upload data on regular basis. This offline Utility can be a substitute for GSPs (GST Suvidha Providers) for persons having the small number of invoices.
Is GSTN Offline Utility substitute for GSPs?
GSPs were appointed to make the compliance task easy for the assessee and they still hold the relevance. Through GSTN offline utility you will be able to upload the sales data but some other features which GSPs will be providing might not be available in GSTN utility initially or even in future.
Say, for example, GSTR2 will be auto-populated on the basis of data furnished by the supplier in GSTR1 and any mismatch would have to be rectified. In case a person is using GSP service he can side by side upload his purchase data also, so that action to be taken in case of the mismatched invoice can be taken through GSP system with fewer efforts. GSP system will highlight that data from particular invoice which doesn't match with the counterparty data Whereas in the case of GSTN offline utility every mismatched invoice will be required to be reviewed in full.
Other features like data check for errors before uploading etc. will also be provided by many GSPs.
So like this GSP will be providing many additional features which can be useful for the taxpayer. However, you can comfortably use GSTN offline utility also if the number of invoices to be uploaded is less.
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