Case studies of businesses that have successfully implemented GST filing services

 The landmark event of India's taxation history is the GST filing (Goods and Services Tax). India was brought under the GST regime effective July 1, 2017. This applies to all goods and services.

International businesses looking to establish operations in India or expand their reach there should be able to comprehend and decode GST. All goods and services imported into India are subject to GST preview.

Inspirria and Oracle NetSuite offer the ideal solution for international businesses in simplifying GST filings and reporting. Inspirria uses Cloud technology to localize ERP features and can manage GST compliance for international companies. It also prepares them for the new Indian taxation.

This is possible thanks to Inspirria’s Indian Taxation Bundle. It's a state-of-the-art SuiteApp built on NetSuite.

What is GST? What are the Types of Taxes in India

There are two types tax in India: Indirect and direct.

Direct taxes are assessed directly on an individual and then paid directly to the government. Direct taxes include income tax, wealth tax. gift tax. capital gains tax. corporate tax.

Indirect taxes, on the other hand, are levied only on goods or services and not individuals and have a direct impact on any Indian business, domestic or international. Indirect taxes include GST, Sales Tax and VAT.

GST, the most complex and comprehensive tax structure is one of them. It is applied at consumption, which means that every product or service consumed by Indians at any stage in the supply chain will have GST applied.

What is Inspirria’s Indian Taxation Bundle and Why Do We Need It?

Oracle NetSuite, the fastest-growing Cloud ERP in the world, offers a wide range of capabilities and features to help manage business operations. There is no India-specific functionality when it comes to Indian taxation or GST filing online.

Inspirria is an Oracle NetSuite partner with 15+ years of experience. They recognized this need and devised a solution.

It is a SuiteApp called Indian Taxation Bundle. It was created using NetSuite framework, and localized to meet Indian taxation requirements.

Indian Taxation Bundle is the best solution for international businesses looking to establish a presence in India. It simplifies and decodes all GST-related requirements.

IIT offers international companies the best of both worlds: It optimally uses Oracle NetSuite's Cloud-based ERP platform but also provides a customized, India-specific GST solution that is tailored for international businesses.

Highlights of Inspirria’s Indian Taxation Bundle

The Indian Taxation Bundle, or IIT, automates all GST reporting, auditing, and filing processes. This SuiteApp's biggest USP is the ability to automate all GST reporting, auditing, filing processes. It allows businesses to focus on their core competencies and save time.

- It can determine GST registration at different entity levels, depending on the specific requirements of the business

IIT can capture GST details at both the vendor and customer level. This allows for very precise and precise tax data collection with complete transparency.

- You can create tax codes, groups and tax types.

- Define auto-numbering sales invoices

- Capture tax details at the transaction level

- Quickly calculate input tax credit utilization against GST payable

Indian Taxation Bundle - Fast Deployment and Fully Secured

Inspirria’s Indian Taxation Bundle, which is built on NetSuite can be seamlessly integrated into the existing NetSuite framework. The business will then be GST-compliant and ready in no time.

IIT is a SuiteApp that is also accredited with Built For NetSuite status. This means that it is rock-solid in security and data safety. Each Built for NetSuite SuiteApp follows the guidelines outlined under "SuiteApp Architectural Fundamentals & Examples" or the SAFE guide. Indian Taxation Bundle complies with all security guidelines and data privacy rules as recommended by Oracle NetSuite.

Inspirria has more than 16 years experience in Cloud technologies, and has completed over 650 successful Cloud deployments around the globe. This makes Inspirria the perfect partner for Oracle NetSuite consultancy and deployment.

To find out more, please use this link . This link allows you to set up a session without obligation to discuss your business needs and expectations with Inspirria’s Indian Taxation Bundle.