Frequently Asked
Questions

Find Solutions to Common Issues Related to taxation - gst reconciliation

FAQs

How to file NIL returns in BUSY?

To file Nil GST returns, you typically need to go through the official GST portal gst.gov.in as BUSYmay not offer a direct option for filing nil returns.

Why is the BUSY not fetching details in GST reconciliation from portal?

Id details is not getting fetch from portal in GST reconciliation so you can remove and redownload GSTR JSON data to update correct details in reconciliation.

Can I reconcile data in Bizi on a monthly or quarterly basis? What is the recommended frequency?

Yes, you can reconcile data in Bizi on both a monthly and quarterly basis. The recommended frequency depends on your specific filing frequency for GST returns.

Are there any known issues or troubleshooting steps for downloading the GSTR in BUSY for reconciliation?

You should not face any issue or error while downloading the GSTR1 in BUSY for reconciliation. However, if you encounter any problem, please let us know.

I need to reconcile some accounting data but cannot find the reconciliation option. Where is the reconciliation feature located?

The GST Reconciliation feature is available under the GST Misc. Utilities in the Transaction menu.
The Bank Reconciliation feature is available under the Display menu.

What does the star symbol next to a file mean?

The star symbol next to a file in BUSY indicates that it is a mandatory field and has been set by default from the business.

I am unable to see the GST input tax credit for a bill submitted in February even though it shows submitted in the system. Why is this happening and how can I resolve it?

Check few possible reason below:
1 : You are gst master under group duties and taxes
2 : Check ITC Eligibility in voucher

How can I get the required data to show up properly when reconciling downloaded accounting information in BUSY? Some bills and vendor names seem to be missing.

While reconcile download info in BUSY:
Step 1 : Recheck date range
Step 2 : Match transaction
Step 3 : Manually enter missing data

Why is the total number of records different between my data and the portal data?.

The total number of records may be different between your data and the portal data due to missing or incomplete entries in either dataset.

I need to cross check purchase and sales details in my GST returns with entries in BUSY. How do I do this reconciliation?How can I transfer my data from the previous financial year to the current financial year in BUSY?

To cross check entry:
Step 1 : Review GST return
Step 2 : Check transactions
Step 3 : Rectify errors
Step 4 :Reconcile