Proposal Summary
This proposal covers the scope of implementing the SuiteTax TCS in the VKC Nuts NetSuite Account.
Requirement
VKC NUTS requires the implementation of SuiteTax TCS. Currently, they have a custom script for calculating TCS. They need to transition from the custom script for TCS calculation to SuiteTax TCS calculations.
Additionally, they need to update the advanced PDF templates of invoice transaction to fetch the TCS amount based on the SuiteTax TCS calculation.
Deliverables
- Implement the SuiteTax TCS in the VKC Nuts NetSuite Account.
- Configure Customer Record for TCS.
- Configure Item Record.
- Create TCS Tax Rate Rules.
- Update the advanced PDF templates of invoice transaction for showing the TCS amount based on the SuiteTax TCS calculation.
Scope of Work
We will be implementing SuiteTax TCS in the NetSuite Sandbox and Production accounts. To achieve this, we will configure customer and item records required for TCS calculations.
Additionally, we will create various TCS Tax Rate Rules based on parameters such as SUBSECTION CODE, CHALLAN CODE, THRESHOLD AMOUNT, RATE, etc.
Following the successful implementation of SuiteTax TCS, we will undeploy the script named “VKC_UE_INVOICE_TCS_VALIDATION_PROD,” which is currently responsible for TCS calculations. Moreover, we will update the associated advanced PDF templates to retrieve the TCS amount from the SuiteTax TCS fields.
List of templates which will be updated are added below:
Invoice Record:
Advanced PDF template: VKC Invoice Print
Suitelet Invoice Original Print (Script ID: customscript_sl_vkc_invoice_org_print)
Suitelet Invoice Duplicate Print (Script ID: customscript_sl_vkc_invoice_dup_print )
Suitlete Invoice Triplicate Print (Script ID: customscript_sl_vkc_triplicate_print)
sl vkc invoice(Scipt ID: customscript_sl_vkc_invoice)
Assumptions
- We assume that the list of customers and items that need to be configured for TCS will be provided by the VKCN team.
- We assume that the PAN number of the customers that needs to be configured for TCS will be provided by the VKCN team.
- We assume that the SUBSECTION CODE, CHALLAN CODE, THRESHOLD AMOUNT, RATE, etc., required for creating different TCS Tax Rate Rules will be provided by the VKCN team.
- We assume that VKC Nuts apply TCS to Invoice transactions only.
- We assume that ‘TCS Control’ item will no longer required to be added in invoices after the successful implementation of SuiteTax TCS.
Exceptions & Limitations
- If we edit invoice transactions where TCS is applied, TCS calculation may be inaccurate.