step by step guide to install, and setup Suitetax

AI generated answer (using internal Slack threads):

****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** Based on the conversations, here is a general guide to install and setup SuiteTax: 1. Understand that SuiteTax is a Framework: SuiteTax is not a module that you can simply switch on. It's a framework that changes the environment of your NetSuite account. 2. Check Your Environment: Before you start, make sure your NetSuite environment supports SuiteTax. If you've been using NetSuite for a long time, you might not be able to enable SuiteTax. 3. Migration Path: If you're migrating from a non-SuiteTax environment, understand that this is a complex process and there might not be a lot of precedents to follow. 4. Setup Tax Details: Once SuiteTax is enabled, you'll need to set up your tax details. This might include creating tax groups for different types of taxes (like GST, S-GST, and C-GST for India). 5. Customize Invoice Template: If you need to display multiple tax rates separately on the invoice, you might need to customize the invoice template. For example, you can display the taxrate2 field value to show both tax rates. 6. Reporting: After setting up SuiteTax, you'll need to consider how detailed your tax reporting needs to be. Please note that SuiteTax has its limitations and might not be able to handle complex tax scenarios without a third-party tax provider. For example, if you have different tax rates for different products, you might need a third-party to send you rates. Also, once a transaction is posted, nothing associated with that transaction can be removed. This is a limitation of the system and applies even to SuiteTax enabled accounts.