Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reconciliation
How do I reconcile GST reports between BUSY and GST portal?
With BUSY, you can use the GST Reconciliation feature to reconcile your GSTR data with your Books data. This feature allows you to reconcile various returns, such as GSTR2A, GSTR2B, GSTR1 and GSTR3B. To use this feature, follow these steps:
Step 1: Open the Administration menu and select Configuration.
Step 2: Choose Features / Options then GST / VAT and Enter your GST portal username in the GST Portal User Name field and save it.
Step 3: Next, open the Transaction menu and select GST Misc Utilities.
Step 4: Choose Download GSTR JSON Data
Step 5: Then select Download GSTR1,GSTR2A, GSTR2B or GSTR3B as required.
Step 6: Click on the download button along with the month then verify with OTP and download it.
Step 7: Now, under the GST Misc. Utilities select the Reconcile GSTR Data option.
Step 8: Chose Reconcile GSTR1, GSTR2A, GSTR2B or GSTR3B as per the requirements.
Step 9: Enter the period and can match your GST portal data with BUSY data.
What options do I have to automate reconciliation of GST data?
You can use BUSY to reconcile your GST data with the data uploaded by your suppliers and the data filed by you. BUSY offers various options to reconcile your GST data, such as:
1. GSTR2A Reconciliation: This option helps you to compare your purchase data with the GSTR2A data downloaded from the GST portal.
2. GSTR2B Reconciliation: This option helps you to compare your purchase data with the GSTR2B data downloaded from the GST portal. You can view the eligible and ineligible input tax credit (ITC) and take appropriate actions.
3. GSTR1 Reconciliation: This option helps you to compare your sales data with the GSTR1 data uploaded on the GST portal.
4. GSTR3B Reconciliation: This option helps you to compare your sales and purchase data with the GSTR3B data filed on the GST portal. You can view the summary of taxable value, tax amount and ITC for each month and take appropriate actions.
What should I do if ITC amounts are not reflecting in GSTR-A?
Their are certain reasons behind this that ITC amounts are not refelcting in GSTR 2A. The steps are as follows :
Step 1: It might of zero rated entries further you can check the same by enabling the option at the time of reconcile GSTR 2A data.
Step 2: Go to Transaction menu then click on GST misc. utilities.
Step 3: Click on download GSTR JSON data then select download GSTR 2A.
Step 4: Click on download tab for which you want to check the report.
Step 5: Again go to transaction then select GST misc. Utilities.
Step 6: Click on reconcile GSTR data then select accordingly download GSTR 2A party wise or voucher wise.
Step 7: Disable the option of exclude zero rated entries and then check the report.
Step 8: If you have enetred purchase or journal voucher with ITC eligibility as none then also ITC amounts are not reflecting in GSTR 2A.
What is the process to reconcile GST transactions in BUSY?.
To reconcile GST transactions in BUSY, follow these simplified steps:
Step 1 : Go to Transaction menu and select GST Misc. Utilities.
Step 2 : Choose the Download GSTR Data option.
Step 3 : Decide which GST data you need to download—GSTR1, GSTR2A, GSTR2B, or GSTR3B.
Step 4 : If you choose Auto Download, click the Download button for each month or quarter you want. If you select Manual, you'll need to download JSON files from the GST portal and manually import them into BUSY.
Step 5 : After successfully downloading the JSON data, go to Reconcile JSON Data within GST Misc. Utilities.
Step 6 : Select the type of report you prefer and specify the date, month, or quarter range you want to reconcile.
Step 7 : The system will generate a report that compares your GST data with the downloaded JSON data to ensure they match.
What is the process to set up auto-download of GST information in BUSY?
Yes you can download a GST information in BUSY such as json data of your gst returns you can download gstr1,2a,2b and 3b then you can reconcile your data
follow these steps to download GSTR json data for a reconciliation purpose:
Step 1: Go to administration menu then Click on Configuration option
Step 2: Then click on features and options button
Step 3: Now Click on gst/vat button
Step 4: Now mention the gst portal username and gstin number and click on save button to save it.
Step 5: Make sure you have enabled the API access from gst portal
Step 6: Make sure your system is connected with the internet
Step 7: Then go to transactions tab
Step 8: Then click on GST miscellaneous utilities option
Step 9: Then click on download GSTR json data
Step 10: Then you can download the GSTR json data from gst portal
Step 11: Then you can click on reconcile GSTR data to reconcile it
How to check GSTR-A and GSTR-B in the software for input credit matching?
To check GSTR-2A and GSTR-2B in the software for input credit matching you can below steps:
Step 1: Go to Administration menu and Then Configuration.
Step 2: Then go to Features / Options then go to GST / VAT and Enter your GST portal username in the GST Portal User Name field and save it.
Step 3: Then go to Transaction menu and Then go to GST Misc Utilities.
Step 4: Then Click on Download GSTR JSON Data
Step 5: Then select Download GSTR2A or GSTR2B as required.
Step 6: Click on the download button along with the month then verify with OTP and download it.
Step 7: Now, under the GST Misc. Utilities select the Reconcile GSTR Data option.
Step 8: Chose Reconcile GSTR2A or GSTR2B as per the requirements.
Step 9: Enter the period and can match your GST portal data with BUSY data.
I want to understand how to correctly match and reconcile values from sales, tax and other modules. Can you explain the process?
For downloading and reconciliation GSTR returns you need to follow these steps:
Step 1:Go to administration menu and select configuration from it.
Step 2:After that select feature and option and then select GST/VAT tab.
Step 3:In GST/VAT window make sure you have mentioned correct GSTIN and GST portal username.
Step 4:After that login your GST portal and Go to your Return dashboard.
Step 5:Click on MY PROFILE button at right hand side on top menu and in next window Go to manage API access.
Step 6:And then select yes on enable API request and make sure to select 30 days duration from dropdown list.
Step 7:Then Click on confirm button to save.
Step 8:Go to transactions menu and select GST misc. utiilties option.
Step 9:Then click on download GSTR json data and downlaod return according to your need.
Step 10: Then under Gst misc. utilities option select Gst reconciliation option to reconcile.
I need to reconcile information between the portal data and my own records. What is the best way to do this?
In BUSY, you can use the GST Reconciliation feature to reconcile your GSTR data with your Books data. This feature allows you to reconcile various returns, such as GSTR2A, GSTR2B, GSTR1 and GSTR3B. To use this feature, follow these steps:
Step 1: Open the Administration menu and select Configuration.
Step 2: Choose Features/Options then GST/VAT and Enter your GST portal username in the GST Portal User Name field and save it.
Step 3: Next, open the Transaction menu and select GST Misc Utilities.
Step 4: Choose Download GSTR JSON Data
Step 5: Then select Download GSTR1,GSTR2A, GSTR2B or GSTR3B as required.
Step 6: Click on the download button along with the month then verify with OTP and download it.
Step 7: Now, under the GST Misc. Utilities select the Reconcile GSTR Data option.
Step 8: Chose Reconcile GSTR1, GSTR2A, GSTR2B or GSTR3B as per the requirements.
Step 9: Enter the period and can match your GST portal data with BUSY data
I need to download the A and B reports from the software. Where can I find these reports and how do I generate them?
To download GSTR 2A & 2B reports in BUSY, follow these simple steps:
Step 1:Go to Administration, click on Configuration.
In Configuration, select Feature and Option, then choose GST VAT Option.
Enter your company's GSTIN in the GSTIN field.
Add your GST Portal username in the GST Portal User Name field.
Save the configuration.
Step 2:Log in to the GST portal with your credentials.
Access Profile Settings and find Manage API Access.
Enable API access to connect BUSY to the GST portal.
Ensure API access is enabled for 30 days.
Step 3:Launch BUSY software and navigate to the Transactions tab.
Step 4:Under GST Miscellaneous Utilities, find and click on Download GSTR JSON Data.
Step 5:Choose the option to download GSTR 2A and GSTR 2B reports individually.
Step 6:Pick the month for which you want the reports.
Step 7:Click the Download button to start the GSTR 2A and 2B JSON file download.
I want to validate if the GST calculations done by the software match the GST portal. What is the process to cross-check this?
To cross-check GST calculations in BUSY with the GST portal for accuracy.
Please follow the below steps:
Step 1: Open the Administration menu and select Configuration.
Step 2: Choose Features / Options and then GST / VAT. Enter your GST portal username in the GST Portal User Name field and save it.
Step 3: Next, open the Transaction menu and select GST Misc Utilities.
Step 4: Then log in into GST portal and click on view profile
Step 5: Then select Manage API access and enable it for 30 days and save the setting.
Step 6 : Click on transactions
Step 7 : GST misc utilities
Step 8 : Download and Reconcile GSTR JSON Data option
Step 9 : 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.
