Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reconciliation
How do I know if my bill quota details are accurately reflecting on the GST portals?
In BUSY, you can use the GST reconciliation feature to reoncile your BUSY bills with portal. You can compare your books bill details such as vch number, taxable amount, tax amount etc with the portal.
How can I verify the accuracy of the downloaded GSTR in BUSY for reconciliation?
To verify the accuracy of the GSTR1 downloaded in BUSY for reconciliation, you should compare the data in each section with the portal and ensure that it matches with the data in BUSY during reconciliation.
How do I export the reconciliation report to Excel?
To export the reconciliation report to Excel in BUSY, you can go to the 'Reports' section, select the 'GST Reconciliation' report, and then click on the 'Export' button to download the report in Excel format.
I want to see only the GST data that is present on the portal but missing in BUSY. How can I filter the reconciliation report to show this?
To reconcile data that is missing in BUSY go to:
Step 1 : Click on transactions
Step 2 : GST misc utilities
Step 3 : Reconcile GSTR data
Step 4 : Filter the report
Some parties are present in the A portal data but missing in BUSY. How can I extract only those missing parties from the reconciliation process?
To see parties that is missing in BUSY go to:
Step 1 : Click on transactions
Step 2 : GST misc utilities
Step 3 : Reconcile GSTR data
Step 4 : Filter the report
What does it indicate when supplier invoices are shown in blue or red during GSTR A reconciliation in BUSY, and how can I resolve it?
Red color indicates error in entry:
Step 1 : Review the entry
Step 2 : Correct errors
Step 3 : Reconcile with supplier
Step 4 : Resubmit return
Bule color indicates entry are correct
I am unable to reconcile GST invoices for a particular month in BUSY. What could be the potential reasons and solutions for this?
To reconcile GST invoices for a specific month in BUSY, you need to select the appropriate month and make sure entered data in BUSY should be correct after that only it will be match.
Why am I unable to see a particular party's ITC contribution in the BUSY reports? How can I get this party-wise split?
If you unable to see party ITC in BUSY report check:
Step 1 : CHeck data entry or invoices
Step 2 : Supplier GSTIN details
Step 3 : Reconciliation
Step 4 : Manual review
What is the correct way to claim input tax credit if it is not in the same period as in my GSTR-?
The correct way to claim ITC if not in same period in GSTR-2A,then:
Step 1 : Check egilibility
Step 2 : Rectify errors
Step 3 : Claim in correct period
Step 4 : Reconciliation
I am unable to match my input tax credit claims between BUSY reports and government GST portal. What should I check?
If you are unable to match ITC between BUSY reports and GST portal, check reson for mismatch:
Step 1 : Check data entry
Step 2 : CHeck GSTIN
Step 3 : Match the invoices