Supported Features The India Localization SuiteTax Engine provides the following features that are specific to India business tax requirements:
■ Manage and calculate Tax Deduction at Source (TDS)
The TDS feature of the SuiteApp lets you perform the following processes:
□ Create tax records for TDS calculation such as tax codes (Section Code and Challan Code) and tax types automatically.
□ Calculate TDS on vendor bills based on your preferred set of TDS tax rate rules.
□ View and prepare TDS tax details for submission to tax authorities and for filing tax returns.
□ Generate TDS challan voucher.
■ Manage and calculate India Goods and Services Tax (GST))
The India GST feature of the SuiteApp lets you perform the following processes:
□ Create tax records for India GST calculation such as tax codes (HSN and SAC Codes) and tax types automatically.
□ Calculate GST on sales and purchase transactions based on your preferred set of India GST tax rate rules.
□ View and prepare GST tax details for submission to tax authorities and for filing tax returns.
□ Support export and import of goods and services under GST regulations.
■ Generate, certify, and send electronic invoices
The India electronic invoicing feature of the SuiteApp lets you perform the following processes:
□ Connect NetSuite with the GST Suvidha Providers (GSPs).
□ Generate outbound e-invoices that comply with the electronic invoicing schema prescribed by the government.
□ Submit e-invoices for certification (register) on the Invoice Registration Portal (IRP) .
□ Send certified e-documents to customers.
□ Store and print Invoice Registration Number (IRN) and QR Code.