How to switch from QRMP to regular taxpayer in BUSY? How do I reconcile GST entries between BUSY and GST portal?
In BUSY you can switch the return filing frequency from Quarterly to Monthly. To set it up follow these steps:
Step 1: Open the Administration menu and select Configuration.
Step 2: Choose Features / Options and then GST / VAT.
Step 3: Here, you can choose the Return Filling Freq. from the dropdown list such as Default / Monthly / Quarterly as per the requirements and save.
Note: Please take latest backup of your data before making any changes.
With BUSY, you can use the GST Reconciliation feature to reconcile your GST portal data with your Books data. This feature allows you to reconcile various returns, such as GSTR2A, GSTR2B, GSTR1 and GSTR3B. To use this feature, follow these steps:
Step 1: Open the Administration menu and select Configuration.
Step 2: Choose Features / Options then GST / VAT and Enter your GST portal username in the GST Portal User Name field and save it.
Step 3: Next, open the Transaction menu and select GST Misc Utilities.
Step 4: Choose Download GSTR JSON Data
Step 5: Then select Download GSTR1,GSTR2A, GSTR2B or GSTR3B as required.
Step 6: Click on the download button along with the month then verify with OTP and download it.
Step 7: Now, under the GST Misc. Utilities select the Reconcile GSTR Data option.
Step 8: Chose Reconcile GSTR1, GSTR2A, GSTR2B or GSTR3B as per the requirements.
Step 9: Enter the period and can match your GST portal data with BUSY data.