Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst e returns
Will there be any issues in my GST filing if the invoices are not properly tagged?
Yes, there can be issues in your GST filing if the invoices are not properly tagged. Improper tagging of invoices can lead to incorrect reporting of tax liabilities and input tax credit, which can result in penalties and compliance issues with the tax authorities. It is important to ensure accurate tagging of invoices to maintain proper tax compliance.
How can I get data in GSTR B if the counterparty has filed the return late?
If the counterparty has filed their GSTR-1 late, the corresponding data may not appear in your GSTR-2B for that particular month. However, you can expect to find the late-filed data in the GSTR-2B report of the subsequent month. In the meantime, you can refer to the GSTR-2A report to access input data related to the late-filed return.
How is the invoice value calculated for GSTR- sections like BC Large and BC Small?
The invoice value for GSTR-1 sections like B2C Large and B2C Small is calculated based on whether the total invoice value is above or below Rs. 2.5 lakhs. If the invoice value is above Rs. 2.5 lakhs, it falls under B2C Large section. If the invoice value is below Rs. 2.5 lakhs, it falls under B2C Small section.
What is JSON filing option in BUSY? How is it different from direct file upload?
The JSON filing option in BUSY is a method of uploading GST returns in JSON file format directly to the government portal. It is different from direct file upload as it requires the conversion of the data into JSON format before uploading, whereas direct file upload allows for the direct uploading of files without the need for conversion.
Are there any manuals or resources available for better understanding the GSTR- filing process?
Yes, there are manuals and resources available for better understanding the GSTR-1 filing process
Follow the below steps:
Step 1 Go to the Help menu
Step 2 Click on Help Contents for GST
Step 3 Go to Help Document Menu
Step 4 Click on How to File GSTR-1 from BUSY
Step 5 Check the Document
What details and attachments do I need to include in my GSTR- report?
In your GSTR-1 report, you need to include details such as invoice numbers, invoice dates, customer details (including GSTIN), taxable values, and tax amounts (CGST, SGST, IGST). Additionally, you may need to include attachments such as invoices, debit/credit notes, and export documents, hsn summary with tax rate wise bifurcation, document summary, depending on the nature of your transactions.
What ledgers and reports do I need to check for identifying GST errors?
If you are facing any error while generating return then chcek the below steps :
Step 1: Go to Display Menu
Step 2: click on Gst Reports
Step 3: Then click on GST Audit reports where you can review reports for common errors in returns.
Step 4: Also you can check Reconcile Accounts and Gst report
How do I check if a GST acknowledgment is generated for a transaction?
to check if a GST acknowledgment is generated for a transaction then go to the GST portal and follow these steps
1.Select the Financial Year, Return Filing Period and Return Type from the drop-down list.
2.Download Filed Form CMP-08 page is displayed
3. Acknowledgement message will be displayed stating that the process may take upto 5 minutes to complete.
How to troubleshoot errors related to accession codes during GSTR file upload?
To troubleshoot errors related to hsn code while uploading return on portal need to follow given steps
Step 1:Modify item master and validate hsn, if it is invalid mention correct hsn code and revalidate again.
Step 2:If items are more in numbers in the voucher then you can bulk validate the hsn code from GST misc. utilities.
Should I upload directly or use JSON? What is the difference?
You can upload directly or use JSON file both options for GST return filling
and the difference between upload directly or JSON is
Direct Upload: Manually input data in software and directly upload in GST portal from available option in software.
JSON File: Use software to generate a structured file (JSON) and upload it manually to the GST portal.