Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - e invoice generation
What details are captured in e-invoices generated in BUSY?
The details captured in e-invoices generated in BUSY include party details (such as name, address, and GSTIN), invoice number, invoice date, item details (including description, quantity, rate, and tax details), and total invoice amount.
How can I access the billing API in BUSY?
To access the billing API in BUSY, you need to enable API access on the GST portal. Once API access is enabled, you can use the API to integrate billing functionality into the software.
What are the GST implications if e-invoice generation fails?
In accordance with GST regulations, penalties may be levied in case of failure to generate E-invoices. For further guidance, you can reach out to the GST portal helpdesk or consult with a tax professional.
How do I configure E-invoice cancellation in BUSY?
For cancel e-invoice please open selected voucher of which e-invoice you want to cancel press on cancel and mention then click yes you want to cancel e-invoice on government portal mention reason and cancel.
Do I need to generate E-Invoice if my company turnover is above crores?
E invoice is compulsory for the companies whose turnover in preceding financial year has cross the threshold limit. If your company turnover is above 5 crore then you need to generate E invoice.
How much time does it take to reflect e invoice cancellation in portal?
When you cancel an e-invoice from BUSY, it should ideally reflect in the portal in real time. However, it may vary depending on factors such as the processing time of the government portal.
Unable to copy paste GSP id in BUSY for E invoice configuration.
To copy GSP id in gsp configuration
Follow these guideline;
1.If you are unable to copy-paste the GSP configuration ID and password,
2.can manually enter in the respective fields in the GSP configuration.
What is the invoice value limit for mandatory e-invoicing under GST?
Invoice value is not mandatory for e-invoicing your turnover will be check. If your turnover is above 5 crore from financial year 2017-18 to 2022-23 then E-invocing for every B2B transaction is mandatory.
Can I generate both e-invoice and e-waybill together in BUSY?
Yes, you can generate both e-invoice and e-waybill together in BUSY, While generating E-way bill and E-invoice in BUSY then in Input transport details option then click on generate e-way bill within e-invoice.
Pincode in party master not reflecting in e-invoice transport details.
If the Pincode is not reflecting in E-invoice, Follow these Guidelines :
1: Mention correct Pincode in Input transport details option.
2: Mention Correct your location pincode in the GST/VAT option.