Setting Up Accounting Periods for India Localization SuiteTax Reports
The India Localization SuiteTax Reports SuiteApp enables you to generate India TDS and GST reports. Before generating a report, you must set the fiscal calender of your accounting periods to Standard Fiscal Calendar. This action ensure that the generated report is correct.
To set up the fiscal calendar of an accounting period:
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Go to Setup > Accounting > Manage Accounting Periods.
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On the Manage Accounting Periods page, click Set Up Full Year.
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In the Fiscal Calendar field, select Standard Fiscal Calendar.
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Enter other necessary information as required. For more information about setting up accounting periods for a year, see Setting Up Accounting Periods for a Full Year for Subsidiaries.
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Click Save.