India Localization SuiteTax Reports

Overview

The topics under this section are for NetSuite accounts with SuiteTax. For accounts without SuiteTax, see Legacy Tax.

The India Localization SuiteTax Reports SuiteApp is developed by NetSuite for accounts that use the India Localization SuiteTax Engine. It enables you to generate Tax Deduction at Source (TDS) and India Goods and Services Tax (GST) reports.

Supported Features

The India Localization SuiteTax Reports SuiteApp enables you to:

• Generate the following TDS tax reports

  • Income Tax Form 26Q

  • Income Tax Form 27Q

• Generate the following GST reports

  • GSTR-1

  • GSTR-3B

  • GST ANX-1

  • GST Purchase Register Without Cess

  • GSTR-9

India Localization SuiteTax Reports Limitations

Read the following points to understand the limitations of the India Localization SuiteTax Reports SuiteApp.

• You can use the SuiteApp to generate reports or subsidiaries with a registration type as Regular only.

• For GSTR1 filing, the SuiteApp does not support supplies to be taxed at a differential percentage (65%) of the existing rate of tax.

• The following is not supported in GSTR 3B:

  • Supplies made to persons with Unique Identification Number (UIN)

  • Import of goods

• If there are tax related adjustments made for a sales or purchase transaction using a journal entry, it will not be included in the tax reports. You should summarize the amount and manually adjust the tax reports.

To use India Localization SuiteTax Reports SuiteApp, read the following topics:

• Installing India Localization SuiteTax Reports

• Tax Deduction at Source (TDS) Reporting

• India Goods and Services Tax (GST) Reporting

Related Topics

• Tax Reporting Framework
• Installing India Localization SuiteTax Reports
• India Localization SuiteTax Engine
• Setting Up Accounting Periods for India Localization SuiteTax Reports
• Tax Deduction at Source (TDS) Reporting
• India Goods and Services Tax (GST) Reporting

General Notices