Let's Gel Testimonial
Indian businesses using NetSuite’s SuiteTax or Legacy Tax modules rely on these tools for managing compliance.
Tvarana takes this a step further with tailored solutions that optimize financial workflows, providing better control, enhanced visibility, and detailed GST & TDS reports aligned with Indian regulatory standards.
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GSTR1 report
Provides a detailed view of outward tax liabilities using data from Customer Invoices.
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GSTR2 report
Tracks inward tax credits by aggregating data from Vendor Bills.
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TDS payable report
Accurately tracks and calculates TDS for payments like rent, commissions, and professional fees.
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Filters
Apply parameters such as date range, GST Number, PAN Number, Vendor Name, and Customer Name
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Customization
Tailored reports aligned with Indian regulatory standards
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Automation
Real-time data retrieval through scripted SuiteLets.
Our solution is built specifically to address the unique GST and TDS requirements of Indian businesses on NetSuite, ensuring seamless compliance with local regulations.
Automate the generation of detailed GSTR1, GSTR2, and TDS reports with real-time data retrieval, minimizing errors and saving time on manual reconciliation.
Effortlessly prepare for audits with actionable insights and comprehensive reports, keeping you audit-ready year-round while gaining full visibility into tax liabilities and credits.
See the impact of our SuiteApps on real business results.
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NetSuite pulls data from sales transactions such as invoices, sales orders, credit memos, and journals to generate reports. The report categorizes transactions based on GST requirements and compiles details like taxable value, tax amount, and place of supply.
Yes, the GSTR-1 Outward Report can be filtered by classifications, date range, and customer.
Yes, E-Invoice tax bills can be included in the GSTR reports.
Yes, the GST Inward and Outward Reports can be customized to meet specific business requirements, and they can also be exported in Excel or CSV format.
NetSuite supports CGST, SGST, and IGST for accurate tax reporting.
The FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation
FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.
Yes, the TDS Summary Report provides both Summary and Detailed views.
Yes, you can drill down to view individual transactions and verify the source of each vendor's TDS entry.
Yes, you can filter the results by TDS Section Code.
The FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation
FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.
The details that are available in the TDS Summary Report are Vendor Name, Location, PAN Number, TDS Section Code, Taxable Amount, Debit Amount, and Credit Amount.
The TDS Section Code Summary Report Includes the Sum of the Company and Non-Company Amounts per each India TDS Section Code.
Yes, additional customizations can be made to meet specific business requirements, including report modifications, additional approval workflows, and integration with other banking partners.
The FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation
FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.
Yes, you can view all the transactions that are affected by each TDS Section Code for the selected date range.
Yes, The TDS Section Code Summary Report has the option to export the results in Excel and CSV Format.
Yes, additional customizations can be made to meet specific business requirements, including report modifications, additional approval workflows, and integration with other banking partners.
The FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation
FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.
Yes, the TDS Section Code Summary Report can be customized to meet specific business requirements
Yes, the TDS Section Code Summary Report is Compatible with WINMAN with rounding of TDS amounts.
Yes, additional customizations can be made to meet specific business requirements, including report modifications, additional approval workflows, and integration with other banking partners.
The FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation
FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.
Update the vendor’s bank details in NetSuite, and the integration will use the updated information for subsequent transactions.
The standard NetSuite FAM module lacks automation for CWIP conversion. Tvarana's custom solution automates the conversion of assets from CWIP and vice versa, reducing manual input and improving financial accuracy.
NetSuite’s standard FAM module only supports basic asset categorization. Tvarana has customized the system to allow sub-categorization of assets, improving asset grouping and reporting.
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Consulting Firm and an SDN partner.
info@tvarana.com
