Setting Up India Tax Registration
Register each subsidiary for GST and TDS, and enter GSTIN and nexus details. Goods and Services Tax Identification Number (GSTIN) is a unique 15-character ID given to businesses registered under GST in India. You can verify a GSTIN on the Government of India’s GST online portal.
To set up India tax registration in a subsidiary record:
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Go to Setup > Company > Classifications > Subsidiary.
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Click Edit beside the subsidiary you want to edit.
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Click the Tax Registrations subtab.
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In the Country column, select India.
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In the Nexus column, select a nexus. This dropdown list only displays nexuses for India. When you select a nexus, the Tax Agency field automatically populates.
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In the Tax Reg. Number column, enter the Goods and Services Tax Identification Number (GSTIN).
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In the Tax Engine column, select NetSuite India SuiteTax Engine SS2 plug-in.
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In the Effective From column, enter the start date for the nexus's validity for the subsidiary.
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In the Valid Until column, enter the end date for the nexus's validity for the subsidiary.
You can leave this field blank if there’s no end date for the nexus’s validity. However, if the subsidiary is no longer registered for tax in this nexus, or if the fiscal structure has changed, you must enter an end date.
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In the Registration Type column, select the subsidiary’s GST registration type:
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Regular – Select this type if the subsidiary is registered under GST and has a GSTIN.
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Composite Dealer – Select this type if the subsidiary is registered under the Composition Scheme of GST and has a GSTIN.
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Click Save.
For information about setting up nexuses, see Setting Up Nexuses in SuiteTax.