Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reconciliation
How can I reconcile data between BUSY and GST portal to avoid mismatches?
You can reconcile data between BUSY and gst portal by following below steps:
Step 1: Open your company in BUSY.
Step 2: First you have to mention your GST user name.
Step 3: To mention your GST user name in BUSY, follow given steps.
: Go in administration, then select...
How do I claim ITC credit in BUSY after filing GSTR-?How do I export GSTR- data from BUSY to Excel?
To claim ITC credit in BUSY after filling GSTR 2 follow below steps:
Step 1: Open your BUSY.
Step 2: Go in transaction section.
Step 3: GST Misc. Utilities option appears in Transactions menu only if you have selected the tax type as GST.
Step 4: following options will displayed....
My GSTR- return does not match due to wrong adjustment of a credit note. What should I do to correct it?
If your GSTR-1 return does not match due to wrong adjustment of a credit note,
you need to reconcile from GSTR reconciliation option, for this you need to follow the below steps:
Step 1: Go to Administration click on configuration
Step 2: After click on configuration click on Feature and...
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....
Why is the software showing more invoices from my supplier than I have in my records? How can I fix this?
If recorded invoices in BUSY are more than supplier invoice then you can check that which invoice you have not entered in BUSY and it can be possible through GST Reconciliation in BUSY.From GST Reconciliation feature in BUSY you can check your invoice in BUSY and on portal and match...
What steps should I follow to properly match and reconcile monthly GST invoices between BUSY and government portal?
For GSTR reconciliation,there are some few steps and those are:
Step 1: Go to Administration click on configuration
Step 2: After click on configuration click on Feature and option and select GST VAT Option and make sure GSTIN of your company should be entered in GSTIN Feild
and mention user...
Will BUSY auto-reconcile GST- and GST- reports?
At present, the automatic reconciliation feature is not available in BUSY.
Further, you have the option to automatically download the GSTR JSON file from the GST Portal, and the following are the steps to do so. :
Step 1: Go to Transaction Menu
Step 2: Click on Gst Misc. utilities...
Why am I facing problems reconciling GST reports from BUSY with government GST portal data?
If you face issue while gst recocilation,The possible reasons for discrepancies in GST reconciliation reports in BUSY could be:
Step 1 : Incorrect data entry
Step 2 : Mismatched invoice details
Step 3 : Missing or duplicate entries
Step 4 : Errors in GST configuration.
Step 5 : To resolve...
How do I link my BUSY account with the portal?
In BUSY, you can download the GST returns for reconciliation purposes and direct upload GSTR1 on the portal. To link your company with portal follow these steps:
Step 1: Open the Administration menu and select Configuration.
Step 2: Choose Features / Options and then GST / VAT.
Step 3: Enter...
How do I link my BUSY account with the government portal?
In BUSY, you can download the GST returns for reconciliation purposes and direct upload GSTR1 on the portal. To link your company with portal follow these steps:
Step 1: Open the Administration menu and select Configuration.
Step 2: Choose Features / Options and then GST / VAT.
Step 3: Enter...
