Introduction
Inspirria Indian Taxation Bundle (IIT) is easy integration for Indian customers planning to use NetSuite. It does everything from TDS, VAT to Service Tax and all the other localized needs like Schedule VI on balance sheet, printing of vouchers in the format needed by Indian customers.
IIT Bundle for NetSuite enables you to automate your company’s Indian taxation statutory reporting. May it be Value Added Tax (VAT), Tax Deducted at Source (TDS), or Service Tax, IIT handles it all in an easy effortless manner.
Key Benefits
- Automated Statutory reporting
- Automated VAT Calculation
- Automated TDS Calculation
- Automated Service Tax Calculation
- Automated Indian subsidiary taxation for NetSuite OneWorld customers
Customer Quote
It’s been a great relief to our accounting department to have Inspirria Indian Taxation Bundle rolled out on NetSuite. IIT caters to our entire Indian localization requirement and supports various reports as per the Indian Government Norms.
Other Benefits
With Inspirria Indian Taxation Bundle you do not need to do your localization needs outside the system now. With a SuiteBundle, it seamlessly integrates with all your transactions wherever localization is required. Without this bundle, NetSuite customers have to manually post journals to take care of withholding tax, manually compute the VAT and service tax accrual and payment rules, take the figures and data to create the reports manually. All of this is addressed in one bundle of IIT.