suitetax tcs implementation – knowledgebase JJ

Setting up Tax Collection at Source (TCS)

To set up Tax Collection at Source (TCS), configure the customer and item records that are eligible for TCS and create TCS tax rate rules. To complete TCS setup, perform the following steps in the order specified: Configuring Customer Records that are Eligible for TCS Configuring Item Records for TCS Creating TCS Tax Rate Rules… Continue reading Setting up Tax Collection at Source (TCS)

Creating New TCS Challan Code

If you want to create a new challan code, complete the following steps: To create a new challan code: In the global Search field at the top of any NetSuite page, type New TCS Challan. Enter a name for the challan code. In the Subsection Code field, select a subsection code. Click Save.

Proposal For SuiteTax TCS Implementation

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… Continue reading Proposal For SuiteTax TCS Implementation