Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reconciliation
How to sync Gst Portal with software for Gst reconcillation and gst ereturn
To sync your GST login with the software for Gst E- return & Gst reconcillation
you can follow these steps:
Step 1: Go to administration menu then Click on Configuration option
Step 2: Then click on features and options
Step 3: Now Click on gst/vat button
Step 4: Now mention the gst portal username and click on save button to save it.
Step 5: Your GST login successfully synced with the software
The auto reconciliation feature in BUSY is showing incorrect or incomplete GST data. What could be the reason for this?
To configure the software to automatically reconcile your purchase register with GST data, you can
Step 1 : CLick on transactions
Step 2 : GST misc utilities
Step 3 : Download and Reconcile GSTR JSON Data option
Step 4 : This feature allows you to download the 2A and 2B GSTR files from the government portal and reconcile them with the data in your purchase register to identify any mismatches.
I am unable to see certain reconciliation options in BUSY. What should I do to get full reconciliation features?
To configure the software to automatically reconcile your purchase register with GST data, you can
Step 1 : CLick on transactions
Step 2 : GST misc utilities
Step 3 : Download and Reconcile GSTR JSON Data option
Step 4 : This feature allows you to download the 2A and 2B GSTR files from the government portal and reconcile them with the data in your purchase register to identify any mismatches.
How can I reconcile my GST return data with the entries made in BUSY? The values are not matching.
To configure the software to automatically reconcile your purchase register with GST data, you can
Step 1 : CLick on transactions
Step 2 : GST misc utilities
Step 3 : Download and Reconcile GSTR JSON Data option
Step 4 : This feature allows you to download the 2A and 2B GSTR files from the government portal and reconcile them with the data in your purchase register to identify any mismatches.
Is there a report in BUSY I can use to reconcile my supplier purchase invoices?
To reconcile supplier purchase invoices in BUSY, follow these steps:
1.Go to GST misc. utilities under the Transaction menu.
2.Click on Download GSTR JSON Data.
3.Click on Download GSTR 2A Data.
4.Download the data for the relevant month.
5.Click on Reconcile GSTR Data.
6.Open Reconcile GSTR 2A either party-wise or voucher-wise.
7.Select the relevant month and provide any other necessary details.
8.Open the report, where you can see a reconciliation report and match your purchase data with the JSON data.
How can I configure the software to automatically reconcile my purchase register with GST data?
To configure the software to automatically reconcile your purchase register with GST data, you can
Step 1 : CLick on transactions
Step 2 : GST misc utilities
Step 3 : Download and Reconcile GSTR JSON Data option
Step 4 : This feature allows you to download the 2A and 2B GSTR files from the government portal and reconcile them with the data in your purchase register to identify any mismatches.
How can I reconcile differences in ITC claims in BUSY with government reported amounts?
To reconcile differences in ITC claims in BUSY with government reported amounts, you can use the GST Reconciliation feature in BUSY. This feature allows you to compare your ITC claims in GSTR-3B with the details available in GSTR-2A/2B. It provides a detailed breakup of invoices uploaded by your suppliers and invoices for which you have claimed ITC. By comparing these reports, you can identify and rectify any discrepancies in your ITC claims.
How can I download GSTR data from portal into BUSY for reconciliation?
To download GSTR data from portal into BUSY for reconciliation, you need to follow these steps:
Step 1: Open your company then go to transactions menu and click on gst misc. utilities.
Step 2: Select download GSTR json data option and can choose which file you want to download such as GSTR1, GSTR2A, etc.
Step 3: Click on the download button next to the each month and verify an OTP then it will be downloaded.
How to troubleshoot the "Could not export" error when downloading the GSTR- template in BUSY?
To troubleshoot the "Could not export" error when downloading the GSTR-2 template in BUSY, you can try the following steps:
1. Check your internet connection to ensure it is stable and working properly.
2. Verify that you have the necessary permissions to download and export templates in BUSY.
3. Make sure you are using the latest version of BUSY.
4. Restart the software and try downloading the GSTR-2 template again.
When I try to download GSTR, it asks me for an OTP but then does not accept the OTP I enter. Why does it not accept the OTP and how can I fix this?
You can give API access on GST portal by login on GST portal and click on my profile then select manage API option and re enable it.
The OTP (One-Time Password) has a time duration of only 10-15 minutes,if this limit has been exceeded, then it will not accept the OTP, It's crucial to enter the OTP within the specified time frame for it to be valid and successfully authenticate.