Solutions to common issues related to Taxation — Gst Reconciliation.
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Step-by-step Answers
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...
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....
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...
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....
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...
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...
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...
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...
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...
If you want to record a payment received for your export shipment, you can follow these steps:
Step 1: Open BUSY and select the company you want to work with. Then, go to the Transactions menu.
Step 2: Choose the Receipt Voucher and click on Add to record the expense....
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