While saving a Sales Order, the error occurs “Tax Calculation Plugin error: Tax Calculation Plugin is not configured”. This is because the Tax Engine in the Subsidiary record of the Customer is not setup. To setup tax engine in subsidiary record: Navigate to Setup > Company > Subsidiaries. Click Edit beside the Subsidiary of the Customer. On the Tax Registrations tab, Tax Engine Column, Enter the necessary Tax… Continue reading Error while saving Sales order: Tax Calculation Engine: Tax Calculation Plugin Error: Tax Calculation Plugin is not Configured
Tag: India localization
Unexpected error while deteing tax transactions
The following error occured while deleting tax transactions in India localization suitetax: “An unexpected error has occurred. Please click here to notify support and provide your contact information”. To resolve this, check whether the tax type is inactive. To check this: Navigate to Setup > Tax > Tax Types Look for the Tax Type used in the transaction Open in Edit view … Continue reading Unexpected error while deteing tax transactions
India Localization SuiteTax Engine installation error: INVALID_KEY_OR_REF
The error “INVALID_KEY_OR_REF” occured when trying to install India localization suitetax engine. The possible reason for the error is that the nexus “India” is not created in that NetSuite account. The account should have the country as “India”. To create nexus: Go to Setup> Company> Countries. Create the country “India”. Go to setup> Accounting> Nexus. Create… Continue reading India Localization SuiteTax Engine installation error: INVALID_KEY_OR_REF
E-way Bill Functionality in NetSuite
Under the comprehensive tax framework of India’s Goods and Services Tax (GST), the movement of goods by registered transporters demands adherence to specific regulations, notably the mandatory requirement of an Electronic Way Bill, commonly known as an E-Way Bill. This digital document serves as a crucial component for the seamless transit of goods between different… Continue reading E-way Bill Functionality in NetSuite
India Localization Enhancements
Every GST registered taxpayer in India must file GSTR-9 annually. The India Localization SuiteTax Reports SuiteApp version 4.00.0 lets you generate the following reports to file GSTR-9. ■ GSTR9 4 Outward ■ GSTR9 5 Outward ■ GSTR9 6 ITC Availed ■ GSTR9 17 HSN Outward ■ GSTR9 18 HSN Inward These reports contain details about… Continue reading India Localization Enhancements
TDS on sales transactions and TCS on both sale and purchase transactions
Basically, general instructions for withholding taxes SuiteAnswer #94468 is not applicable for India. The ACS team [with reference to case 5594776] has provided the following remarks: TDS is Withholding taxes used in India. Complete documentation for TDS can be found in the SuiteAnswer article #80280 For default Section codes please go through SuiteAnswer #80286 As seen… Continue reading TDS on sales transactions and TCS on both sale and purchase transactions
TDS on Advance Payment
Tax Deduction at Source (TDS) is not yet supported by Advanced Payment. This is documented on SuiteAnswers ID 108406 India Localization SuiteTax Engine Limitations that TDS calculation does not support bill credit and vendor prepayment. There is currently an Enhancement filed for this logged under Enhancement #576519 – Ability to calculate Tax Deduction at Source… Continue reading TDS on Advance Payment
SuiteTax Enablement Request sample
SuiteTax QUALIFYING QUESTIONNAIRE SUBMISSION PROCESS Completed questionnaires should be sent to NetSuite Support, attached to a NetSuite Support Case with these details o Type = Enhancement o Subject: SuiteTax Enable Hidden Feature o Provide your name and NetSuite Account ID o Product Area: Advanced Accounting and OneWorld o Feature: Tax integrations o Attach this Qualification Questionnaire, fully completed Contact your… Continue reading SuiteTax Enablement Request sample
Registering NetSuite case for SuiteTax Enablement request
The SuiteTax feature is hidden in the NetSuite enable features page by default. For the provision of the feature, we need to submit the SuiteTax enablement request to the NetSuite support team via an APS ticket. Navigate to SuiteAnswers and click on Contact Support in the top right corner. Select ‘Create Support Case‘. Enter ‘SuiteTax… Continue reading Registering NetSuite case for SuiteTax Enablement request
India TaX Localization – New Update on Release 2022.2
India Localization Enhancements India Localization SuiteTax Reports SuiteApp version 3.00.0 includes the following enhancements:| ■ You can now generate the GST Purchase Register report without Compensation Cess using theSuiteApp. The report provides a comprehensive view of all purchases made during a certain period. ■ You can now configure the GSRT1 CDNR report to include or… Continue reading India TaX Localization – New Update on Release 2022.2