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 Automated determination of GST type, handling GST impacts for SEZ sales & Export sales and TDS features. Business Benefits • Compliance • Automated Rules Management • Accurate accounting • Statutory Reporting • Ease of matching and settlement

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 Automated determination of GST type, handling GST impacts for SEZ sales & Export sales and TDS features. Business Benefits • Compliance • Automated Rules Management • Accurate accounting • Statutory Reporting • Ease of matching and settlement

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/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
Automated determination of GST type, handling GST impacts for SEZ sales & 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 Customers/Vendors
• Validation for mandatory fields for India Subsidiary
• Automated determination of GST Type (Inter/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

GST in NetSuite

• 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 Customers/Vendors
• Validation for mandatory fields for India Subsidiary

Transaction Tax Code Sourcing

• Automated determination of GST Type (Inter/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

• SS/Report for 4A/4B for GSTR-1  
• SS/Report for 5A/5B for GSTR-1  
• SS/Report for 6A/6B for GSTR-1  
• SS/Report for details related to GSTR-1
• SS/Report for 3A/3B for GSTR-2  
• SS/Report for 4A/4B for GSTR-2  
• SS/Report for 5A/5B for GSTR-2  
• SS/Report for details related to GSTR-2

Yantra Inc. is a management and technology consulting firm which offers a unique blend of business consulting, application management, Product Engineering and technology consulting services to firms of all sizes. Our Business Consulting team help in defining scalable and efficient business process our IT and infrastructure teams will implement, support and upgrade systems which will fit your business needs. Yantra Inc. is headquartered in Silicon Valley, CA with offices in Pune and Ahmedabad, India. • Yantra is a Management and Information Technology consulting company established by Industry veterans with over 50 years of combined experience. • Broad business experience across multiple Industries coupled with extensive knowledge of Systems and Technology • Primary focus on Hi-Tech, Digital eCommerce, and Financial Services verticals. • Serving Fortune 500 and fast growing mid-size companies

Ratings & Reviews

Be the first to write a review