Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst e returns
What is the offline tool in BUSY for? When would I use it?
The offline tool option in BUSY is used for generating Gtsr1 through csv it is useful in finding out error also if you are facing issue with while filing gstr1 in json Directly on portal further find out the steps to generate gstr1 through csv
Step 1: Open the Display menu and select GST Reports.
Step 2: Choose GST Return and then select GSTR1 eReturn.
Step 3: Select CSV file then enter period and generate it.
Step 4: Now, open the GST offline tool and enter the details such as GSTIN, Financial Year, Tax period, etc.
Step 5: Import CSV files section wise and can generate GSTR1 JSON which can be upload to GST Portal.
What could be the reason and solution for mismatched values in GSTR-?
These could be the reason for mismatched values in GSTR-1.
1. Invalid tax rate or tax amount in vouchers.
2. Wrong voucher date.
3. Amount is not updated in gst reports or gstr-1.
4. Wrong ITC tagging.
You can follow the steps to correct the mismatched values in GSTR-1.
Step 1. Check Invalid tax rate or tax amount in vouchers and correct it.
Step 2. Correct Wrong voucher date.
Step 3. You can run update voucher gst summary in house keeping menu to update balance in gstr-1
Step 4. If you are using ITC tagging so have to check the itc tagging report in gst misc. utility.
How do I optimize BUSY for tax filing and compliance?
To optimize BUSY for GST filing and compliance, you need to check these steps:
Step 1: Ensure that your BUSY is updated with the latest version. To check if any update is available click on Check BUSY Updates from Company or Help menu.
Step 2: Use GST Reconciliation feature to calculate accurate Input Tax Credit (ITC) before generating the return.
Step 3: Match your sales data with GSTR1. You can use the GST Audit reports under GST reports.
Step 4: Validate all the HSN codes entered in BUSY.
Step 5: Validate your parties GST numbers entered in BUSY.
Step 6: Make sure GST portal username is mentioned in BUSY to direct update GSTR1 on portal and download GST return data for reconciliation.
What are the procedure for generating GSTR in BUSY ?
If you are want to generate GSTR1 in BUSY then please follow the below steps :
Step 1: Open company in BUSY
Step 2: Go to Display Menu
Step 3: Click on Gst reports
Step 4: Then Click on Gst Returns
Step 5: Then click on the second panel of the report i.e GST E-Return
Step 6: Then click on GSTR1 E-Return option
Step 7: You will get 5 option to generate E-Return i.e direct upload, Json, Csv, Govt. Template and Plain Excel
Step 8: Select a specific method for generating the return
Step 9: Check if any error then resolved it
Step 10: Then Proceed to generate the return.
I want to view the tax rate breakdown by HSN code in my GSTR- report. However, I'm not seeing this breakdown. What do I need to do to get the tax rate by HSN in my GSTR- reports?
In BUSY software, you can extract your GST returns by following these general steps:
Step 1: Once you are logged into the software, look for the Display menu.
Step 2: Within the Display menu, you should find a submenu or option related to GST Reports.
Step 3: Click on it to proceed.
Step 4: In the GST Reports section,Look for the option labeled GST Returns
Step 5: Look for the Gstr 1 option, and click on it to access this specific report
Step 6: There is option to the open report with tax rate bifucation
Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates
What are the common mistakes that cause errors in JSON generation in BUSY?
Some common mistakes that can cause errors in JSON generation in BUSY
1. Incorrect GSTIN of supplier: If you have mentioned incorrect supplier GSTIN in the GST/VAT configuration it can cause errors while generating JSON from BUSY.
2. Incorrect GSTIN of recipient: If you have mentioned incorrect recipient GSTIN in account master it can also create error while generating JSON.
3. Missing or incomplete information: If you missed some important information like item hsn code, tax category etc in item master it can create an error while generating JSON.
4. Tax calculation mistake: If you have charged wrong tax rate in the voucher by mistake it can also create an error while generate JSON.
How do I resolve issues when generating the GSTR- file in JSON format?
Here's a step-by-step guide to resolving issues when generating the GSTR-1 file in JSON format:
Step 1: you may encounter issues related to the file's structure, data quality, or other technical problems. Step 2: All transactions are correctly recorded, and there are no discrepancies.
Step 3: Verify that there are no data entry errors, such as missing or incorrect GSTIN numbers, invoice numbers, or tax amounts.
Step 4: Compare the data in your GSTR-1 with your ledger accounts to identify and rectify any discrepancies.
Step 5: Check the JSON structure, field names, and hierarchy.
Step 6: Remove any special characters
Step 7 : After making the necessary corrections and validations, regenerate the GSTR-1 JSON file.
How do I reset the uploaded return data if I want to modify in BUSY?
To reset the uploaded return data in BUSY need to follow below given steps.
Step 1: Open your browser and search for gst.gov.in.
Step 2: Login gst portal with your credentials on gst portal.
Step 3: Go to Services option and then select Returns and under Returns select Dashboard.
Step 4: On the File Returns page, select the financial year and the relevant return filing period from the drop-down menu, and click on Search.
Step 5: After that select GSTR1 tab and click on prepare offline button.
Step 6: Then navigate to bottom of the window and you will find reset button.
Step 7: Click on reset button to delete uploaded data from portal.
What is the difference between IGST, CGST and SGST? Which one is applicable for me?
IGST stands for Integrated Goods and Services Tax, CGST stands for Central Goods and Services Tax, and SGST stands for State Goods and Services Tax.
IGST is applicable for inter-state transactions, i.e., when goods or services are sold from one state to another. CGST and SGST are applicable for intra-state transactions, i.e., when goods or services are sold within the same state.
The specific tax that is applicable to you depends on the nature of your business and the location of your transactions. It is recommended to consult with a tax professional or refer to the relevant tax laws and regulations to determine which tax is applicable to your specific situation.
What is the process to file quarterly GSTR- returns?
To upload quarterly GSTR1 return from BUSY, You need to 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. as Quarterly.
Step 4: Next, open the Display menu and select GST Reports.
Step 5: Choose GST Returns then GSTR-1 eReturn and select Report to be generated type such as Direct Upload, JSON, CSV File, As per Govt. Template or Plain Excel
Step 6: Enter the quarter range and press OK. You can also check for errors before proceeding.
Note: Please take latest backup of your data before making any changes.