Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reconciliation
How do I download the GSA file for the BUSY?
Here are the steps for downloading GSTR1 in BUSY:
Step 1: Go to Transaction Menu
Step 2: Click on Gst Misc. utilities
Step 3: Then click in Download GSTR JSON Data option
Step 4: Then click on Download GSTR1
Step 5: you will get 2 options to download GSTR data...
I am unable to claim GST input tax credit for a bill that was submitted in February but not on the B list till March. How can I claim it now in June?
to claim GST input tax credit for a bill that was submitted in February but not on the 2B list till March to claim it now in June,need to follow these steps to resolve the issue:
Step 1: Open the BUSY software and switch FY through F11
Step 2: Go...
Some of my invoices are not reflecting in the GSTR- filing even though they are present in BUSY. Why are these invoices not getting captured?
If the data on gst portal showing different as per BUSY data,then you need to check that maybe after return filled,data from BUSY has been modified or deleted or any ammnedment made on portal and in BUSY though BUSY ammnedment on portal is not available,for any ammnedments in gst reutrn,you can visit gst portal.In BUSY you can reconcile gst reports with portal data
And to reconcile gst reports,follow these steps
To do one-by-one or bulk GST reconciliation for a particular month in BUSY, you can follow these steps:
Step 1. Click on transactions.
Step 2 . GST misc utilities
Step 3. First download gstr json data for particular month and Select the Reconciliation option.
Step 4. Choose the desired month for reconciliation.
Step 5. If you want to reconcile one-by-one, select the transactions one at a time and reconcile them by matching the GST amounts.
Step 6. If you prefer bulk reconciliation, you can import the GST data for the selected month and reconcile it in one go.
Step 7. After reconciling the transactions, review the reconciliation report to ensure accuracy.
Step 8. Save the reconciliation report for future reference.
In GSTR-3B, Input not showing as per the seller data found in GSTR-2B reconciliation
ITC Tagging
In this, The tax credit is claimed by the recipient based on the sales invoices uploaded by the seller/supplier.
A seller uploads the invoice-wise sales details every month/quarter by the 11th of the subsequent month (or 13th of the month subsequent to the quarter). It depends upon the GSTR-1 filing frequency of the taxpayer on the GST portal.
Invoices uploaded by the seller in GSTR-1 can be viewed by the purchaser in his GSTR-2B form.
The purchaser can claim an input tax credit in the GSTR-3B form based on the tax invoices provided by the seller, as found in his GSTR-2B.
In GSTR-3B if Input not showing as per the seller data found in GSTR-2B reconciliation follow the below steps:
Step:1 Download GSTR 2B JSON from transaction>GST misc. Utility
Step:2 Open monthly ITC tagging as per GSTR 2B
Step:3 Check the sales invoice uploaded by the supplier.
Step:4 After checking, select those particular invoices one by one and press F4 for claiming those invoices.
Step:5 Now we can check our reports like GSTR-3B as per the ITC we have tagged. Input will reflect as per the ITC tagging.
Step:6 While opening GSTR-3B we need to enable option Pick relevant ITC from monthly ITC tagging.
What is the process to check if all purchase invoices are entered and available ITC is matching?
If you want to ensure that the invoices entered in the BUSY and the ITC available on the GST site are the same, you can use the GST Reconciliation option available in the BUSY. Follow the steps given below to use this option:
Step 1: Go to the Administration menu and click on the feature and option.
Step 2: Then, click on the GST/VAT tab and define the GST Portal username there.
Step 3: Go to the transaction menu and click on the GST Miscellaneous Utilities option.
Step 4: Click on the "Download GSTR JSON data" option and download the data for the month you want to reconcile.
Step 5: Then, click on the "Reconcile GSTR Data" option and select either "Reconcile GSTR 2A" or "GSTR2B" depending on which one you want to reconcile.
Step 6: You can compare BUSY and JSON data simultaneously. If there are any missing entries either in the BUSY software or on the site, they will be shown in red. If there are any differences, they will also be shown in color and you can correct them in the BUSY software data accordingly.
How do I handle differences between values in sales invoices and values reported in GSTR- on portal?
If the data on gst portal showing different as per BUSY data,then you need to check that maybe after return filled,data from BUSY has been modified or deleted or any ammnedment made on portal and in BUSY though BUSY ammnedment on portal is not available,for any ammnedments in gst reutrn,you can visit gst portal.In BUSY you can reconcile gst reports with portal data
And to reconcile gst reports,follow these steps
To do one-by-one or bulk GST reconciliation for a particular month in BUSY, you can follow these steps:
Step 1. Click on transactions.
Step 2 . GST misc utilities
Step 3. First download gstr json data for particular month and Select the Reconciliation option.
Step 4. Choose the desired month for reconciliation.
Step 5. If you want to reconcile one-by-one, select the transactions one at a time and reconcile them by matching the GST amounts.
Step 6. If you prefer bulk reconciliation, you can import the GST data for the selected month and reconcile it in one go.
Step 7. After reconciling the transactions, review the reconciliation report to ensure accuracy.
Step 8. Save the reconciliation report for future reference.
How can I troubleshoot issues with downloading GST RA and GSTR files from the GST portal?
To troubleshoot issues with downloading GST R2A and GSTR1 files from the GST portal, you can try the following steps:
1. Check your internet connection: Ensure that you have a stable internet connection to download the files successfully.
2. Clear cache and cookies: Clearing your browser's cache and cookies can help resolve any temporary issues that may be causing the download problem.
3. Use a different browser: Try using a different web browser to access the GST portal and download the files. Sometimes, compatibility issues can occur with certain browsers.
4. Check for any server-side errors: If you encounter server errors while downloading the files, it may be a temporary issue on the GST portal. In such cases, you can try again later or contact the GST portal support for assistance.
5. Verify your credentials: Ensure that you are using the correct login credentials for the GST portal. Double-check your username and password to avoid any authentication issues.
If the issue persists, it is recommended to reach out to the GST portal support or consult with your accounting software provider for further assistance.
How do I view my GSTR- file? It is downloaded in JSON format.
If you have downloaded the GSTR1 JSON in BUSY then you can view that data in GSTR1 Reconciliation by using these steps:
Step 1: Go to Transaction menu and click on GST Misc. Utilities.
Step 2: Select Reconcile GSTR Data and click on Reconcile GSTR1.
Step 3: Choose filing frequecny either Monthly or Quarterly.
Step 4: Enter the period and open the report and can view the portal data and match with your books data.
Furthermore if you download the GSTR1 JSON file from portal, you can import it in BUSY and reconcile it by using these steps:
Step 1: Go to Transaction menu and click on GST Misc. Utilities.
Step 2: Select Download GSTR JSON Data then click on Download GSTR1.
Step 3: Tick on Manual and select the file path where you have saved the JSON file and save.
Step 4: Now, Select Reconcile GSTR Data under GST Misc. Utilities and click on Reconcile GSTR1.
Step 3: Choose filing frequecny either Monthly or Quarterly.
Step 4: Enter the period and open the report and can view the portal data and match with your books data.
How do I reconcile GST returns with BUSY software books?
Reconciliation of GST Return is very important task of Business and tedious same time.
BUSY have a Best in BUSY option available to do Reconciliation of GST Return which helps business in many Ways.
A) No Seperate Cost of GST Renconciliation Software
B) Easy to Use
C) Detailed Report
To do Reconciliation of GST Return in BUSY one have to perform 2 Tasks.
i) Download Data from GST Portal
ii) Perform GST Reconciliation
i) In BUSY one can Download Data for GST Portal using below Steps
Step 1: Click on Transactions
Step 2: Click on GST Misc. Utilities
Step 3: Click on Download GSTR JSON Data
Step 4: Select the return for which Reconciliation is to be done
Step 5: Click on Select Saving Mode as Automatic in BUSY
Step 6: Click on Download as against Month
Step 7: Click on Save
After download the GSTR JSON Data one have to perform below Task.
ii) To perform GST Reconciliation follow below Steps.
Step 1: Click on Transactions
Step 2: Click on GST Misc. Utilities
Step 3: Click on GSTR Data
Step 4: Select desired Reconciliation
Step 5: Select Options as desired
Step 6: Click on OK (F2)
Note : One should note that to use GST Reconciliation active BLS in Mandatory
How to configure ITC claim rules (pro-rata, vendor-wise, etc.) in the software?
To configure ITC claim rules such as pro-rata or vendor-wise in the software you can use monthly ITC tagging option to match as have to follow below steps:
Step 1: Go to administration menu and select configuration from it.
Step 2: In configuration option select feature and option.
Step 3: Then select GST/VAT option and make sure to mention Y in the enable ITC tagging after that click on save button.
Step 4: After that go to transcation option and select GST misc. utilities option.
Step 5: Then select monthly itc tagging as per 2A or 2B.
Step 6: In next window of monthly ITC tagging to be shown as select party wise or date wise as per your requirement.
Step 7: After that select the period for which you want use tagging.
Step 8: Now press F4 key to change status from pending to claimed and mention period in which select return period.
Step 9: Then go to display option and select Gst reports option and open different reports by mentioning Y on the pick relevant Itc tagging from monthly itc tagging.
