India Tax Solution Bundle for GST and TDS Management
With the introduction of Goods & Services Tax (GST), Indian businesses are striving hard to ensure compliance with local accounting, tax and regulatory requirements to avoid hefty penalties. Undoubtedly, this step reduces many business complexities and brings transparency, however, adaptability of GST and TAX regulations is a serious challenge for businesses.
To address this challenge, leading NetSuite solution provider, AGSuite offers accounting software for Indian businesses. India Tax Solution is a cloud-based customizable solution that can be scalable to address GST and TDS business requirements. India Tax Solution bundle can be integrated seamlessly with NetSuite to automate tax reporting across your company. Support for reporting, tax code configuration, and tax details capturing at both customer and vendor sites enable businesses to meet GST and TDS regulations without a hitch.Download Brochure
Let us have a look at the features of AGSuite’s India Tax Solution
- GST details setup according to the location of your company
- GST details setup as per vendor—customer records
- GST rules based on HSN Code
- GST rules based on customer type, i.e. oversees, regular, unregistered, and SEZ
- GST rules based on purchase, sales transactions
- GST Reports - GSTR1, GSTR2, GSTR 3B
- Automatic tax calculation as per tax type and rules
- Automatic identification of transaction type, i.e. export, inter-state, intra state, etc.
- Automatic tax breakup and posting in separate charts of accounts in case of CGST & SGST
Tax Deducted at Source (TDS)
- TDS details setup on company/subsidiary
- TDS detail setup on vendor records
- TDS rules based on vendor type and section code
- Automatic tax calculation of TDS based on government rules
- Support for Threshold Management
- TDS calculation with/without PAN Rule
- Automatic GL posting in specific Chart of Accounts
- TDS Reports: Income Tax Form 26Q
What sets AGSuite apart?
AGSuite has been reckoned across the industry as a leading NetSuite implementation partner and solution provider with 10+ years of experience in cloud technologies. Our rich industry experience, coupled with our cloud-based strategic service offerings will help you drive operational excellence and improve ROI.