Streamlined Tax Management
With AGSuite India Localization for NetSuite
Managing India’s GST, TDS, and other regulatory requirements can be challenging, but AGSuite Technologies provides a comprehensive solution through our India Localization for NetSuite. Tailored specifically for Indian businesses, this cloud-based platform integrates effortlessly with NetSuite to ensure smooth compliance with tax regulations, all while reducing complexity.
AGSuite’s India Localization for NetSuite equips your business with advanced GST and TDS management capabilities, automatic TCS calculations, seamless e-invoicing and e-way bill functionalities, vendor statement generation, and MSME reporting. The platform also offers a built-in compliance calendar with reminders and audit-ready reports, ensuring that regulatory adherence becomes a streamlined part of your daily operations. With AGSuite’s India Localization, navigating the intricate landscape of India’s tax and compliance requirements becomes simpler, enabling your business to focus on growth and efficiency.
Features
- Efficient GST Management
- GST Advanced Features
- Streamlined TDS Compliance
- TDS Advanced Features
- Auto TCS Calculation
- E-Invoicing
- E-Way Bill
- Vendor Statement
- MSME Reporting
- Compliance Calendar and Reminders
- Audit Related Reports
Efficient GST Management
Our platform automates GST compliance through customized configuration of location, vendor, customer, and HSN code details. It handles tax calculations and filing for GSTR1, 2, 3B filings, and identifies transaction types. Additionally, the platform also provides separate CGST and SGST accounts to streamline organizational tax management
Streamlined TDS Compliance
Our platform streamlines TDS management through customized setup of company, subsidiary and vendor details. It automates TDS calculations per government rules and vendor types for accuracy and compliance. The platform manages threshold limits and PAN rules, generates Form 26Q, and enables automatic GL posting to designated accounts.
TDS Advanced Features
TDS on Vendor PrePayment, TDS Challan, TXT File Generation for eTDS Return, 194Q & 206(1H)
Auto TCS Calculation
- TCS details setup on company/subsidiary
- TCS detail setup on Customer records
- Automatic tax calculation of TCS based on government rules
- Automatic GL posting in specific TCS Accounts
- TCS Report: Form 27EQ
E-Invoicing
- It integrates NetSuite with E-invoice Portal (via our GSP Partner).
- Invoice created in NetSuite is validated and sent to E-invoice Portal in JSON Format via APIs.
- IRN and QR Code is generated from E-Invoice Portal
- IRN and QR Code is received back and stored into NetSuite on invoice record automatically.
- QR code is printed on existing invoice PDF in NetSuite
- Error handling
- Reports
E-Way Bill
- NetSuite Integration with E-Way Bill Portal (via our GSP Partner)
- E-Way Bill Registration
- EBN Generation
- EBN and other details receipt and store on the invoice record in NetSuite
- Print E-Way Bill PDF
- Support B2B, B2C, Export
- Error Handling
- Reports
Vendor Statement
Easily generate detailed vendor statements, enabling clear visibility into outstanding balances, transaction history, and payment schedules, enhancing transparency and vendor relations.
MSME Reporting
Access streamlined reporting tailored for MSME compliance, facilitating accurate tracking and timely submissions in accordance with regulatory standards for small and medium-sized enterprises.
Compliance Calendar and Reminders
Stay compliant effortlessly with an integrated calendar that schedules key deadlines, providing timely reminders to avoid missed filings and penalties.
Audit Related Reports
Generate audit-ready reports with ease, ensuring accuracy and completeness in financial documentation, simplifying the audit process and fostering regulatory compliance.
Benefits
- Enhanced Compliance: Automated GST, TDS, and TCS calculations ensure adherence to India’s tax regulations, minimizing compliance risks.
- Streamlined Operations: E-invoicing, e-way bill management, and vendor statements simplify transaction processing and reduce administrative workload.
- Accurate Reporting: MSME reporting, audit-ready reports, and advanced tax features provide precise, real-time insights to support business decisions.
- Automated Reminders: Compliance calendar and timely reminders help your team stay on top of regulatory deadlines without manual tracking.
- Seamless Integration: The platform integrates smoothly with NetSuite, allowing your business to achieve efficient operations on a single, unified system.
Addressing Global Challenges
- Compliance Complexity
India Localization for NetSuite simplifies compliance by providing a customizable, cloud-based solution tailored to meet the specific GST and TDS requirements of Indian businesses. - Data Accuracy and Compliance Risk
India Localization for NetSuite automates tax calculations and transaction identification, reducing the risk of inaccuracies and ensuring compliance with regulatory requirements. - Scalability and Adaptability
India Localization for NetSuite offers scalability and flexibility to accommodate the changing needs of businesses, allowing them to seamlessly adjust to new GST and TDS regulations and scale their operations without disruption.
STANDARD (STD)
- Auto GST Calculation
- Auto TDS Calculation
- Tax Reporting (GSTR 1, GSTR 2, GSTR 3B, TDS 26Q Report)
- Free Customer Support (Basic)
PREMIUM (PRM)
Everything in STD+
- GST Advanced Features
- TDS Advanced Features
- Auto TCS Calculation
- E-Invoicing
- E-Way Bill
- Advanced Reporting
- Advanced Error handling
- Free Customer Support (Advanced)
- Free Enhancements
ENTERPRISE (ENT)
Everything in PRM+
- Vendor Statement
- MSME Reporting
- Compliance Calendar and Reminders
- Audit Related Reports
- Priority Customer Support
Frequently asked questions
How does India Localization for NetSuite simplify GST compliance for businesses?
India Localization for NetSuite automates GST reporting, including GSTR1, GSTR2, and GSTR 3B, and provides configurable GST rules based on factors such as location, customer type, and transaction type. This simplifies GST compliance by streamlining tax calculations and reporting processes.
Can India Localization for NetSuite integrate with existing accounting systems?
Yes, India Localization for NetSuite can be seamlessly integrated with NetSuite, providing businesses with a comprehensive tax management solution that integrates with their existing accounting systems. This integration ensures smooth data flow and eliminates the need for manual data entry.
How does India Localization for NetSuite mitigate the risk of TDS non-compliance?
India Localization for NetSuite automates TDS calculations and reporting, including Income Tax Form 26Q, and provides support for threshold management and PAN rule compliance. By automating TDS processes and ensuring accurate tax calculations, India Tax Solution helps businesses mitigate the risk of TDS non-compliance and avoid penalties.