Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reconciliation
How do I register and adjust claims against parties in BUSY?
To register and adjust ITC claims against parties data in BUSY, you have to enter the purchase voucher with ITC eligibility input goods/services/capital goods from the transaction menu and then you have to use the ITC tagging option to identify which month you want to claim it. To using itc tagging option, please follow below steps:
1: Go to Transaction menu.
2: GST misc. utilities
3: Click on monthly ITC tagging as per 2A/2B
4: Select then voucher & press F4 & then spacify the status of voucher pending or claimed & in which month you have to claim.
How to report mismatch between GSTR-A and purchases in GSTR-B?
If you want to reconcile GSTR2A with GSTR3B, there is no specific option available for it in the BUSY. Therefore, you have to check manually either date-wise or month-wise. Below are the steps you can follow:
Step 1: Go to the Display menu.
Step 2: Click on GST Report and then on the GST Return option.
Step 3: Open the GSTR2 report, and export it to Excel.
Step 4: Similarly, click on the GSTR3B option and export it to Excel.
Step 5: You can then either reconcile manually from there or from the BUSY itself.
What steps should I follow to configure GSTR A download in BUSY?
There are the steps to be followed for downloading GSTR2A in BUSY :
Note : Make sure to mention Gst no. and Gst portal user name mentioned in the GST/VAT feature
Step 1: Go to Transaction menu
Step 2: Click on Gst misc. utilities
Step 3: Then click on Download gstr json data option
Step 4: Then click on Download GSTR2A option
Step 5: Then select auto download option and select particular month then click on download button
Step 6: Afetr successfuly download, you can reconcile the data
What is the process to claim input tax credit from a previous tax period and what documents or information do I need?How can I claim input tax credit (ITC) in BUSY?
Steps to claim ITC:
Step 1 : Ensure eligibility
Step 2 : Verify invoices
Step 3 : File your GST return
Step 4 : Reconcile your purchase register
Step 5 : Enter ITC
Step 6 : Submit GST return
Step 7 : Reconcile with GSTR-2A
Documents needed to claim ITC:
Step 1 : Valid tax invoices
Step 2 : GST returns
Step 3 : Purchase register
Step 4 : Supplier GST return
Step 5 : Reconciliation reports
How to claim ITC in BUSY:
Step 1 : Ensure data entry
Step 2 : Enter ITC details
What troubleshooting steps should I follow if reconciliation of GST returns is not working properly in BUSY?
If reconciliation of GST returns is not working properly in the BUSY software, you can follow these troubleshooting steps:
Step 1 : Ensure that the data you've entered in BUSY for GST returns is accurate and up to date.
Step 2 : Make sure you are using the latest version of the BUSY software.
Step 3 : Try creating a backup of your data and then restore it to see if the reconciliation issue
Step 4 : Compare the data in BUSY with the data in your GST portal and identify any issues.
I entered the serial number and password but am still unable to access the portal and download reports. How can I fix this?
If you are unable to download the reports in BUSY then you must follow the steps
1 Go to administration menu and click on configuration then click in feature option
2 Click to GST VAT option and mention GST portal username
3 Enable api access from gst portal
4 then in BUSY go to transaction menu and click to Gst misc utilities then click to
download GSTR JSON data and select your Gst report category
5 then select the month and click on download then verify OTP
reports will be download in BUSY automatically
Can I download previous financial year's GSTR-B?My Excel download is not working. What should I do?
yes you can download gstr3 b return of previous financial year from BUSY
Find out the steps to follow to download gstr3b of previous fnancial year
Step 1 : First switch to that previous financial year through f11
Step 2 : Go to transaction
Step 3 : Then go to Gst Misc utilities option
Step 4 : Then go to download Gstr json data option
Step 5 : Then go to download Gstr3b option
Step 6 : And download Gstr3b monthly or on quarter basis as per your return filing method
What is the procedure for Reconcile GST Return in BUSY
These are the steps to be followed for Reconcile GST Return:
Step 1: Go to the Transaction Menu
Step 2: Click on Gst Misc. Utilities
Step 3: Click on download GSTR json Data
Step 4: Download the JSON file that allows you to reconcile the data by clicking on Download GSTR1, GSTR 2A, GSTR 2B or GSTR 3B.
Step 5: After successfully downloading the JSON file
Step 6: Click on Reconcile GSTR Data.
Step 7: Click to reconcile it either on a party-wise or voucher-wise basis, as per your specific requirements.
While downloading the GSTR1/2A/2B/3B JSON file for reconciliation,Not getting OTP.
GST Reconciliation
GST reconciliation involves matching data of purchase and sales. Here we have reconciliation between different returns e.g. GSTR-1 Matching self uploaded GSTR-1 data(Sales data) with current books data.
GSTR-2A Matching our purchase with seller’s data. Similarly GSTR-2B, But here we will get data till 11th of every month.
GSTR-3B, Matching our self uploaded data with books data in GSTR-3B.
While downloading the GSTR1/2A/2B/3B JSON file for reconciliation,Not getting OTP follow the below steps:
Step:1 Administration>Configuration>Features & option>GST/VAT
Step:2 Correct GST portal user name.
In this case the customer had mentioned the wrong user name of GST login.
I want to know about ITC and get complete guidance?
For complete guidance on ITC in BUSY, please follow below steps:
Step 1: Go to transaction menu and click on GST Misc utilities
Step 2: click on monthly ITC tagging as per GSTR 2B click on date range and select the month
for which you have claimed but showing correctly and press OK
Step 3: Select the voucher and press F4 then make ITC status claimed and select proper
claiming period and fill the GSTR 2B status
Step 4: The ITC can be claimed after its reconcile properly with json and BUSY data