Eliminate manual tax calculations with built-in tax logic that automates and determines taxability and calculation on sales and purchase transaction on every item
Ensure compliance with indirect tax and transactional tax obligations.
Provide greater visibility for audits with drill-down reports through to transaction- level data and system notes.
Ready GST, TDS & TCS Reports for Compliance.
Save Time by integrating NetSuite with E-invoice portal for E-invoice generation within NetSuite.
Save Time by automating GSTR 2B Reconciliation within NetSuite
FEATURES & FUNCTIONALITIES
GST (Goods and Services Tax)
TDS (Tax Deducted at Source)
TCS (Tax Collected at Source)
E-Invoicing
E-Way Bill
Reporting and Statutory Compliance
FEATURES: GOODS AND SERVICES TAX (GST)
GST details setup according to the location of your company
GST details setup as per vendor- customer records.
GST rules based on HSN Code
GST rules based on customer type, i.e. overseas, regular, unregistered, and SEZ
Automatic identification of transaction type, i.e. Export, Interstate, Intrastate.
Automatic tax calculation on Purchase & Sales transactions as per transaction type, HSN/SAC Code and GST rules.
Automatic tax breakup and posting in separate charts of accounts in case of CGST and SGST
GST Reports – GSTR1, GSTR2, GSTR 3B.
GSTR 2B Reconciliation within NetSuite.
FEATURES: TAX DEDUCTION AT SOURCE(TDS)
TDS details setup on company/subsidiary
TDS detail setup on vendor records
TDS rules based on vendor type and section code
Automatic tax calculation of TDS based on government rules
Support for Threshold Management
TDS calculation with/without PAN and non-ITR Filing Rule
Automatic GL posting in specific TDS Accounts
TDS Reports: Income Tax Form 26Q, 27Q
FEATURES: TAX COLLECTED AT SOURCE(TCS)
TCS details setup on company/subsidiary
TCS detail setup on Customer records
Automatic tax calculation of TCS based on government rules
Automatic GL posting in specific TCS Accounts
TCS Report: Form 27EQ
FEATURES: E-WAY BILL
NetSuite Integration with E-Way Bill Portal (via our GSP Partner)
E-Way Bill Registration
EBN Generation
Print E-Way Bill PDF
Support B2B, B2C, Export
Error Handling
Reports
FEATURES: E-INVOICING
It integrates NetSuite with E-invoice Portal (via our GSP Partner).
Invoice created in NetSuite is validated and sent to E-invoice Portal in JSON Format via APIs.
IRN and QR Code is generated from E-Invoice Portal
QR code is printed on existing invoice PDF in NetSuite
