Yantra GST
India adopted GST from 1st July 2017 across the country. Hence it is imperative that the GST compliant tax reports as well as transactions can be executed /extracted from the accounting systems being used. Currently, the Indian tax localization is not released for all customers. Thereby, arising a pressing need for a solution that can handle the evolving GST landscape for India region. Yantra's GST bundle offers a uniquely developed seamless solution to address the multiple nuances of GST computation and reporting such as, Automatic detection of GST Type, handling GST impacts for SEZ sales & Export sales and TDS features. Business Benefits: Compliance, Automatic Rule Management, Accurate accounting, Statutory Reporting and Ease of matching and settlement.
Screenshots
Overview
Overview
India adopted GST from 1st July 2017 across the country. Hence it is imperative that the GST compliant tax reports as well as transactions can be executed or extracted from the accounting systems being used. Currently, the India tax localization is not released for all customers. Thereby, arising a pressing need for a solution that can handle the evolving GST landscape for India region.Yantra's GST bundle offers a uniquely developed seamless solution to address the multiple nuances of GST computation and reporting such as, Automated determination of GST type, handling GST impacts for SEZ sales and Export sales and TDS features.
Key Benefits
- Tax Control Accounts, Tax Types, Tax Codes and Tax Groups on per state and per schedule basis.HSN Codes on items and Expense Categories.
- GSTN Codes on Customer and Vendors.
- Validation for mandatory fields for India Subsidiary.
- Automated determination of GST Type (Inter and Intra) on transactions.
- Handling SEZ Sales, Export Sales, Unregistered Customers (B2C).
- TDS Compatibility on purchase and sales transactions.
- Ability to determine GST type on third party shipments.
- Reporting: GSTR 1 and GSTR 2.
Business Benefits
- Compliance
- Automated Rules Management
- Accurate accounting
- Statutory Reporting
- Ease of matching and settlement.
Features
GST in NetSuite
- Tax Control Accounts, Tax Types, Tax Codes and Tax Groups on per state and per schedule basis.
- HSN codes on item and expense categories.
- GSTN codes on Customer and Vendors
- Validation for mandatory fields for India Subsidiary.
Transaction Tax Code Sourcing
- Automated determination of GST type (Inter and Intra) on transactions
- Handling SEZ Sales, Export Sales, Unregistered customers (B2C).
- TDS compatibility on purchase and sales transactions.
- Ability to determine GST type on third party shipments.
Reporting Requirements
- Saved Search or Report for 4A 4B for GSTR-1
- Saved Search or Report for 5A 5B for GSTR-1
- Saved Search or Report for 6A 6B for GSTR-1
- Saved Search or Report for details related to GSTR-1
- Saved Search or Report for 3A 3B for GSTR-2
- Saved Search or Report for 4A 4B for GSTR-2
- Saved Search or Report for 5A 5B for GSTR-2
- Saved Search or Report for details related to GSTR-2
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Yantra GST
