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ARTICLE · 18 SEPTEMBER 2025

NetSuite-Powered Transformations Help Companies Operating In India Navigate Tax, Accounting, And Payment Processing Needs

Riveron
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While conducting business in India, many companies today need to adapt to keep up with evolving regulations and modern market expectations. These challenges include...

United StatesTax
Riveron Consulting, LLC.
Riveron Consulting, LLC.

While conducting business in India, many companies today need to adapt to keep up with evolving regulations and modern market expectations. These challenges include:

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  • Navigating Tax Obligations – Complying with India's Goods and Services Tax (GST) and Tax Deducted at Source (TDS) requirements. It can be burdensome for businesses to calculate, and keep localized reports related to the various sales tax liabilities in India, and a technology solution built for NetSuite can streamline and enhance a company's related processes.
  • Ensuring General Ledger Back-Up – Maintaining proper accounts and financial records in line with Section 128, which calls for the audit readiness of information and stipulates record-keeping requirements for companies based in India, for which a CFO is ultimately responsible. The Ministry of Corporate Affairs has mandated that books of accounts and their backups must be maintained on servers physically located in India, with backups

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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