India Localization SuiteTax Engine
Overview
The following topics are intended for NetSuite accounts with SuiteTax. For accounts without SuiteTax, see Legacy Tax.
The India Localization SuiteTax Engine SuiteApp provides the localization features that are specific to businesses in India. You can use the SuiteApp to manage transactions and calculate various taxes applicable to transactions to comply with the accounting and tax requirements. The SuiteApp is developed using the NetSuite India SuiteTax Engine plug-in.
To use the India Localization SuiteTax Engine SuiteApp, you must enable the SuiteTax feature in your NetSuite account. Contact your NetSuite account manager for the implementation of the India Localization SuiteTax engine.
The SuiteApp provides the following features for India businesses:
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Calculate and manage Goods and Services Tax (GST). For more information, see Goods and Services Tax (GST) for India.
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Calculate and manage Tax Deduction at Source (TDS). For more information, see Tax Deduction at Source (TDS) for India.
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Calculate and manage Tax Collection at Source (TCS). For more information, see Tax Collection at Source (TCS) for India.
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Generate, certify, and send electronic invoices. For more information, see Electronic Invoicing for India.
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Generate E-Way bills. For more information, see E-Way Bill for India.
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Create statutory adjustment journals. For more information, see Creating Statutory Adjustment Journal.
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Send customized email notifications based on scenarios for India localization features such as GST tax rate rules and LUT bond and details. For more information, see Setting Up Customized Notifications.
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Manage the India localization components using the Localization Assistant SuiteApp. For more information, see Installing the India Localization SuiteTax Engine SuiteApp and Managing the Localization SuiteApps.
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Generate invoices with QR codes for B2C customers. For more information, see Generating Invoices with QR Codes for India.
To use the India Localization SuiteTax Engine SuiteApp, you must complete the following tasks in the order specified:
You can set up the India localization features after completing the tasks mentioned earlier.
Related Topics
- Setting Up the India Localization SuiteTax Engine
- Tax Deduction at Source (TDS) for India
- Tax Collection at Source (TCS) for India
- Goods and Services Tax (GST) for India
- Electronic Invoicing for India
- Setting Up Customized Notifications
- Voiding Transactions for India
- Generating Invoices with QR Codes for India