4 Powerful Benefits Of Deploying Inspirria Indian Taxation SuiteApp For Your Business

Under the One Hundred and First Amendment Act, 2016 of the Indian Constitution, the Govt of India implemented GST or Goods and Services Tax for all businesses operating in India.

 

GST was formally implemented pan-India effective July 1st, 2017.

 

Need For GST Compliance Under Indian Taxation System

 

Since GST is a destination-based tax regime, all foreign entities who are selling any product or service in India need to comply with GST rules and make the appropriate and accurate GST filings for complying with the GST rules in India. 

 

Failure to comply with GST rules can lead to severe penalties and other ramifications, that no business wishes to suffer.

 

Complying With GST Is Hard & Tough

 

The issue with GST is that it's somewhat complicated, and exhaustive since it combines and merges tons of State-wise taxes, VATs, and indirect taxes into one common tax regime.

 

Understanding this need and requirement of complying with GST rules and regulations, Inspirria has created a very advanced NetSuite certified SuiteApp that takes care of all aspects related to GST reporting, auditing, and filings and makes its compliance a cake-walk for the businesses, especially foreign companies operating in India.

 

Here are some powerful features of Inspirria’s Indian Taxation SuiteApp, that empowers businesses to manage GST with ease:

 

4 Powerful Features Of Indian Taxation Bundle SuiteApp By Inspirria

 

Automated Tax Reporting

 

One of the most powerful and beneficial features of Inspirria’s Indian Taxation Bundle SuiteApp is its automation feature, which is the real gamechanger. With a few taps and clicks, organizations can fully automate the entire GST filing process, and ensure that they are complying with the GST rules, without any fail.

 

Some of the most critical processes for tax filings such as a summary of detailed transactions, reporting of the exceptions for tax issues, mentioning and calculating localized taxes like VAT, excise duty, tax calculations for different products, etc can be seamlessly performed, automated, and finalized.

 

Seamless integration

 

When it comes to deploying any tax-related software or tool, the biggest problem that arises is that of integration with existing ERP platforms, and the flow of information between different departments of the business.

 

With its intelligent planning and design, Inspirria has solved this problem with the Indian Taxation Bundle, and this is the reason why this SuiteApp is so popular with enterprises.

 

Since this is an Oracle NetSuite certified SuiteApp, it seamlessly gets integrated with the existing NetSuite deployment, and your business is GST-ready from day 1. 

 

Besides, the Indian Taxation Bundle can swiftly import various data related to business such as Purchase Orders, Vendor Bills, Deposits, Invoices, Sales Orders, and other details, and file the GST reports without any delay. 

 

GST compliant

 

Indian Taxation Bundle by Inspirria is 100% GST compliant, and fulfills all the requirements for automated GST reporting and filing, along with the auditing process for both external and internal purposes. 

 

In case there is any new GST update or Govt announcements related to GST filings (last date extension, new exceptions, etc), then the SuiteApp will automatically get updated, providing the business no reason to get panicked at the last moment.

 

Built for NetSuite Status

 

Indian Taxation Bundle, created and conceptualized by Inspirria has the coveted ‘Built For NetSuite’ status, which translates to more trust, more confidence, and more assurance of top-rated, secured services. 

 

Built for NetSuite status is provided to any SuiteApp when it meets all the stringent quality checks and data security parameters as directed by Oracle NetSuite, and it’s an emblem of Oracle NetSuite certified trust and assurance. 

Connect with Inspirria today, and book a no-obligation appointment with our Taxation Experts and NetSuite Consultants to find out more about Indian Taxation SuiteApp for your business.