Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reconciliation
Are there any alternate sources to get my GSTR-B other than downloading via the software?
No, currently the only way to get your GSTR-2B is by downloading it via the software. There are no alternate sources available.
What are the consequences if the other party does not file IFF and GSTR properly?
If the other party does not file IFF and GSTR1 properly, the consequences can include difficulties in reconciling GST and ITC claims
What are the different file formats available for downloading transactions JSON, Excel, PDF?
You can download the JSON files of various GST returns such as GSTR-1, 2A, 2B, and 3B from BUSY for reconciliation purposes.
I need to reconcile data between accounts but some numbers like voucher counts don't match up. What should I check to identify the source of the discrepancy?
For this you can check Gstr 2a Reconciliation party wise in Reconcilation Report you check comparitive Report or mismatched only report.
Can I change my registered email ID on gst portal for receiving OTP? What is the process?
You have to contact Gst portal for that as they will guide you the process to change your Registered mail id
While downloading GSTR2A in BUSY it is showing object method failed error. What should i do?
You have to run you BUSY as an administrator mode by right click on BUSY icon and select Run As Administrator.
Can I claim ITC if the other party has not filed IFF or GSTR at all?
No, you cannot claim Input Tax Credit (ITC) if the other party has not filed IFF or GSTR1 returns at all.
Where can I find the option to link my purchase register with GST portal data?
To link your purchase register with GST portal data in BUSY, you can find the option under the Reconciliation section.
Should transportation expenses be entered as a registered expense or reverse charge mechanism (RCM) expense in BUSY?
Transportation expenses should not be entered as a registered expense in BUSY, as a reverse charge mechanism (RCM) expense.
What are the common GST reconciliation issues faced in BUSY and how to fix them?
Please specify which type of GSTR data you want to reconcile, such as GSTR1, GSTR2A, GSTR2B or GSTR-3B, etc.