Discussions
Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
Changes in Turnover Limit for Mandatory Electronic Invoicing in India
This notice is intended for customer who use the India Localization SuiteTax Engine SuiteApp (Bundle ID #253246).
What Is Changing?
Effective April 1, 2021, it is mandatory to generate electronic invoices for businesses in India having turnover that exceeds fifty crore rupees. The Government of India published this notification via Notification No. 05/2021–Central Tax dated March 8, 2021.
Recommended Actions
You can use the India Localization SuiteTax Engine SuiteApp to generate and process electronic invoices for your transactions. In addition, you can register your e-invoices on the Invoice Registration Portal (IRP) using ClearTax, which is added as the GST Suvidha Provider (GSP). The SuiteApp enables you to:
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
In case you know someone who is new to NetSuite, we encourage you to direct them to our newly launched "New to NetSuite" page. This page is specifically designed to offer them information and guidance and help them make the most out of their NetSuite journey. Click here for more details.