diff --git a/erpnext/regional/india/setup.py b/erpnext/regional/india/setup.py
index 39705f6..5f9d5ed 100644
--- a/erpnext/regional/india/setup.py
+++ b/erpnext/regional/india/setup.py
@@ -15,7 +15,6 @@
 	setup_company_independent_fixtures(patch=patch)
 	if not patch:
 		make_fixtures(company)
-		setup_gst_settings(company)
 
 # TODO: for all countries
 def setup_company_independent_fixtures(patch=False):
@@ -700,7 +699,7 @@
 	# create records for Tax Withholding Category
 	set_tax_withholding_category(company)
 
-def setup_gst_settings(company):
+def update_regional_tax_settings(country, company):
 	# Will only add default GST accounts if present
 	input_account_names = ['Input Tax CGST', 'Input Tax SGST', 'Input Tax IGST']
 	output_account_names = ['Output Tax CGST', 'Output Tax SGST', 'Output Tax IGST']
diff --git a/erpnext/setup/doctype/company/company.py b/erpnext/setup/doctype/company/company.py
index 0b64f0d..36a7d20 100644
--- a/erpnext/setup/doctype/company/company.py
+++ b/erpnext/setup/doctype/company/company.py
@@ -110,8 +110,8 @@
 				self.create_default_warehouses()
 
 		if frappe.flags.country_change:
-			self.create_default_tax_template()
 			install_country_fixtures(self.name, self.country)
+			self.create_default_tax_template()
 
 		if not frappe.db.get_value("Department", {"company": self.name}):
 			from erpnext.setup.setup_wizard.operations.install_fixtures import install_post_company_fixtures
diff --git a/erpnext/setup/setup_wizard/operations/taxes_setup.py b/erpnext/setup/setup_wizard/operations/taxes_setup.py
index 6da3f38..040256b 100644
--- a/erpnext/setup/setup_wizard/operations/taxes_setup.py
+++ b/erpnext/setup/setup_wizard/operations/taxes_setup.py
@@ -26,7 +26,8 @@
 	if 'chart_of_accounts' not in country_wise_tax:
 		country_wise_tax = simple_to_detailed(country_wise_tax)
 
-	from_detailed_data(company_name, country_wise_tax)
+	from_detailed_data(company_name, country_wise_tax.get('chart_of_accounts'))
+	update_regional_tax_settings(country, company_name)
 
 
 def simple_to_detailed(templates):
@@ -100,6 +101,17 @@
 			make_item_tax_template(company_name, template)
 
 
+def update_regional_tax_settings(country, company):
+	path = frappe.get_app_path('erpnext', 'regional', frappe.scrub(country))
+	if os.path.exists(path.encode("utf-8")):
+		try:
+			module_name = "erpnext.regional.{0}.setup.update_regional_tax_settings".format(frappe.scrub(country))
+			frappe.get_attr(module_name)(country, company)
+		except Exception as e:
+			# Log error and ignore if failed to setup regional tax settings
+			frappe.log_error()
+			pass
+
 def make_taxes_and_charges_template(company_name, doctype, template):
 	template['company'] = company_name
 	template['doctype'] = doctype