NetSuite GST & TDS Implementation

GST In NetSuite:

Saturo is an authorized solution provider for Oracle NetSuite and have delivered projects for various clients successfully. Saturo has developed GST and TDS Customization which is 100% compatible with NetSuite and developed on NetSuite platform itself. This GST and TDS Customization is very flexible and can be modified very easily even if there is sudden change in tax norms.

We offer you professional off shore NetSuite Indian GST and TDS Custom Solution and Support. We are a cloud technology company and offer a cloud-based solution to our customers. We have customers from the USA, UK, Middle East, APAC, and Australia.

Saturo’s Offerings of Indian GST and TDS/TCS Reports in NetSuite:

• GST Tax Reporting (GSTR1):

  The Goods and Services Tax Return 1 is a document that each registered tax payer needs to file every month/quarter. It must contain the details of all sales and supply of goods and services made by the tax payer during the tax period.

  Below are the few reports which we have provided in GSTR1:

  • B2B Report
    • Taxable outward supplies made to registered persons (including UIN-holders)
    • Under this we can provide all the invoice detail for register customer.
  • HSN-Code Report
    • By creating the HSN/ SAC code as per the item and services provides by client system can generate the report.
  • B2CL
    • Taxable outward inter-State supplies to un-registered persons where the invoice value is more than Rs 2.5 lakh.
  • B2CS
    • All invoices which have less than 2.5 lakhs amount will be including in this report with unregister person.
  • Exempt and non GST outward supplies
    • On the basis on nil and exempted item all detail of invoice will populate in this report section.
  • CDNR
    • Customer credit note and debit note for register person, can we generate by setting all information on the record.
  • CDNUR
    • Customer credit note and debit note for unregister person can we generate by setting all information on the record.
  • Export
    • On the basis of tax code and place of supply setting system can generate the zero rated report.
  • GSTR1 Summary Report
    • This will provide the summary of all invoices by each section as per government rule.



• Tax Reporting (GSTR-3B):

  GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities. A normal taxpayer is required to file Form GSTR-3B returns for every tax period.

  Below are the few Reports which we have provided in GSTR-3B:

  • Outward taxable supplies (other than zero rated, nil rated and exempted):
    • All the invoice detail except zero, nil and exempted we track under this report.
  • Outward taxable supplies (zero rated):
    • This report can we be generated for zero rated tax code selected on invoice.
  • Other outward supplies, (Nil rated, exempted):
    • This report can we generated for nil rated and exempted tax code selection on invoice.
  • Inward supplies (liable to reverse charge):
    • It will provide all the detail of bill where we apply RCM and even we can see all GL impact of RCM on bill level.
  • From a supplier under composition scheme, Exempt and Nil rated supply - A) Inter-State Supplies:
    • Vendor comes under composite scheme by setting classification for vendor and selecting the type of supply.
  • From a supplier under composition scheme, Exempt and Nil rated supply - A) Intra-State Supplies:
    • Vendor comes under composite scheme by setting classification for vendor and selecting the type of supply.
  • GSTR 3B Summary Report
    • This will provide summery of report that we have created.

TDS (Tax Deducted at Source) Overview:

The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government.

TDS In NetSuite:

• TDS Report:

  After setup the TDS Section Code and TCS Rates in NetSuite we can generate the following reports.

  • TDS summary report.
    • This report will provide summary of TDS Tax.
  • TDS detail report.
    • This report will give you the detail for which entity in NetSuite you have deducted the tax and also TDS Rate, TDS Amount, TDS Section, etc

TCS (Tax Collected at Source) Overview:

The TCS or Tax Collected at Source is the tax that is collected from the buyer by the seller while the purchase of some specific goods category by the buyer. This TCS rate depends on the category of the items and this tax collected from the buyer needs to be deposited to the government by the seller.

TCS IN NetSuite:

• TCS Report:

  After setup the TCS Rates in NetSuite we can generate the following reports.

  • TCS summary report.
    • This report will provide summary of TCS Tax.
  • TCS detail report
    • This report will give you the detail for which entity in NetSuite you have collected the tax and also TCS Rate, TCS Amount, etc.

We have an experienced team of NetSuite Indian GST and TDS Consultants, Developers, Trainers, and support. In order to avail of any of the above services, you can reach out to us by sending an email to sales@saturotech.com  or simply call us on (+91) 207 117 9633 Press 2 for NetSuite