India Localization SuiteTax Reports
Overview
These topics are for NetSuite accounts with SuiteTax. For accounts without SuiteTax, see Legacy Tax.
The India Localization SuiteTax Reports SuiteApp is designed for accounts that use the India Localization SuiteTax Engine. It lets you generate Tax Deduction at Source (TDS) and India Goods and Services Tax (GST) reports.
You can view the India Localization SuiteTax Reports SuiteApp pages in multiple languages. For information about supported languages, see e, see Supported Languages.
Supported Features
The India Localization SuiteTax Reports SuiteApp lets you:
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Generate the following TDS reports.
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Income Tax Form 26Q
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Income Tax Form 27Q
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Generate the following GST reports.
India Localization SuiteTax Reports Limitations
Read the following points to understand the limitations of the India Localization SuiteTax Reports SuiteApp.
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You can use the SuiteApp to generate reports for subsidiaries with a Regular registration type only.
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For GSTR1 filing, the SuiteApp doesn't support supplies taxed at a differential percentage (65%) of the existing tax rate.
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The following is not supported in GSTR 3B:
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Supplies made to persons with Unique Identification Number (UIN)
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Import of goods
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If you make tax-related adjustments for a sales or purchase transaction using a journal entry, the tax reports won't include them. You should summarize the amount and adjust the tax reports manually.
To use the India Localization SuiteTax Reports SuiteApp, read the following topics: