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RCM and Ineligible for ITC in India localization
How is the Reverse Charge Mechanism (RCM) and Ineligible for ITC configured and executed using the NetSuite India Localization SuiteTax Engine? Upon installing the SuiteApp, we observed that the system automatically creates the relevant tax type and tax code for reverse charge and ineligible for ITC. Additionally, we…
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Tax rate changes e.g. Standard rate change (EU)
I got confused by the current system behaviour. What i recall is that if e.g. a S-xx standard rate changes from e.g. 5% to 6% at jan 1 xxxx you can set the valid until date of the S-xx tax record and save it. Then create a new record with the same name S-xx but with an effective date Jan 1 xxxx. I recall i did exactly this…
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Amazon to Celigo Integrator - Tax Compliance
Hi all, This is my first time using 'Ask a Guru', I'm hoping someone can assist me with my query. We are currently implementing NetSuite and have used Celigo as the connector between Amazon and NetSuite. The connector is working and bringing in all Sales and the settlement as a journal. This all seems to be ok, however, I…
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How do I get the 'Customer to pay Output Tax' line on all invoice PDF layouts?
This is in relation to Reverse Charge tax codes. When I select the RC:DE (for Germany) tax code when creating a client invoice, the line appears. However, when I select the RC:GB (for Great Britain) tax code on a separate transaction, the line does not appear. How can I ensure that the line appears on all countries RC tax…
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AE:SuiteTax Reverse Charge Tax Type Missing on Expense Report
Hi All, We are using the SuiteTax Engine and reporting under EU VAT. When entering Expense Reports on the Tax Details Subtab we would like to select the Reverse Charge Tax Type as this is the type of the expenses. However, the Tax Type marked for Reverse Charge is not available for selection on the field. And yet, the Tax…