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NetSuite for GST

NetSuite for GST

The Goods & Service Tax (GST) has been hailed as one of India’s biggest tax reforms and it aims to be a harmonized tax on goods and services across all Indian states. It will bring about a paradigm shift in how indirect taxes are managed in India. The GST is expected to push India’s GDP to over 8%, besides making the movement of goods easier across states. As taxes are varied across the states, often commercial vehicles have to go through multiple checkpoints to obtain the relevant permits and pay several taxes to the states as they pass through to reach their destination causing significant delays. A uniform tax is expected to make the movement of commercial goods & products smoother and reduction in paperwork to a large extent.

GST is a component of the fiscal structure meant to replace many of the multilayered indirect tax regimes currently prevailing in India. GST is tax on the supply of goods and services, right from the manufacturer/service provider to the consumer.



  • Destination based consumption Tax
  • Value Added Tax: Credits of input taxes paid at each stage will be available in the subsequent stage of value addition.
  • Seamless credit across entire supply chain will reduce cascading effect of taxes on the cost of goods and services.
  • Dual tax mechanism- Centre will enact Central Goods and Service Tax CGST) & Integrated Interstate Goods and Service Tax (IGST) and States Goods and Service Tax (SGST) legislation. CGST & SGST both will be levied on intra-state supply of goods and services whilst IGST will be applicable on interstate supply of goods and services in India.

NetSuite is the world’s most deployed cloud Enterprise Resource Planning (ERP) solution, used by more than 40,000 organizations across 160+ countries. It offers a modern, scalable solution to run all of your key back office operations and financial business processes in the cloud. From comprehensive financial management capabilities, including sophisticated revenue management and billing solutions, to inventory, supply chain and warehouse management solutions, NetSuite empowers businesses of all sizes, across all industries, in every part of the world to unleash innovation and growth

For companies using or planning to use NetSuite, Inspirria Indian Taxation solution is an easy integration for all Indian customers. It enables you to automate your company’s Indian Taxation Statutory reporting including GST.

Inspirria’s Indian Taxation Bundle is GST compliant with automated CGST, SGST, IGST, TDS calculation and Statutory reporting.

  • Defines GST registration details at different entity levels.
  • Captures Tax details at customer and vendor level.
  • Tax code determination is based on multiple attributes
  • Define tax types.
  • Configure tax codes and groups.
  • Define auto numbering for sales in invoices.
  • Tax details and attributes capturing at transaction level.
  • GST tax posting input and output.
  • Input tax credit utilization against payable for GST taxes.
  • GST tax returns (GSTR 1,2,3 & 6 ).

For detailed information on our NetSuite GST solution please click on Inspirria India Taxation is GST Compliant

B Kumar,
Vice President Professional Services
This email address is being protected from spambots. You need JavaScript enabled to view it.

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India

Headquarters - Pune
  • Inspirria Cloudtech Pvt. Ltd.
    No:503, Sai Radhe, Wing B,
    Raja Bahadur Mill Road,
    Sangamwadi,

    Pune 411001, India
  • Email : sales@inspirria.com
  • Phone : +91 20 6740 7500

Canada

  • Inspirria Cloudtech Inc
    5 Valhalla Inn Road,
    Unit 104,
    Toronto, Ontario,
    Canada, M9B 0B1
  • Email : sales@inspirria.com
  • Phone : +16477074780

USA

  • Inspirria Cloudtech Inc
    4819 Emperor Blvd, Suite 400,
    Durham, NC 27703 USA.
  • Email : sales@inspirria.com
  • Phone : +1 919 313 4712

UAE

  • Inspirria Cloudtech FZ LLC
    P.O.Box # 334036, Level 14, Boulevard Plaza Tower 1, Sheikh Mohammad Bin Rashid Boulevard,
    Downtown, Dubai UAE.
  • Phone : +971 4 4394259
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