Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I am unable to find the filter option to search for pending input tax credit (ITC). How can I locate it?
To Tag entries in monthly GST retuen please follow below steps :,
Step 1 : To change the status pending ITC Entries go to the Transacton menu .
Step 2: Click on Gst Misc Utilities option.
Step 3: Select monthly ITC tagging as per GSTR 2A / GSTR 2B
Step 4 : Select Partywise .
Step 5 : In report view enable show previous year transaction .
Step 6 : Select the entry and press F4 to change the status ,
What is the process for claiming ITC credit in BUSY? I am confused about when it will reflect in my reports.
To Tag entries in monthly GST retuen please follow below steps :,
Step 1 : To change the status pending ITC Entries go to the Transacton menu .
Step 2: Click on Gst Misc Utilities option.
Step 3: Select monthly ITC tagging as per GSTR 2A / GSTR 2B
Step 4 : Select Partywise .
Step 5 : In report view enable show previous year transaction .
Step 6 : Select the entry and press F4 to change the status ,
I am facing issues with exempted sales not showing properly in GSTR- despite being in GSTR-B. How can I fix this?
If you are facing issues with exempted sales not showing properly in GSTR-1 despite being in GSTR-3B, you can follow below steps:
Step 1: Go to Display then Gst reports.
Step 2: Under GST reports, Click on GST returns and then go to GSTR -1 report.
Step 3: While opening your GSTR 1 report, there is option Show Exempt/NR/ZR Entries in Taxable Invoice Separately option, make it Yes then
it will reflect the data in Section 8 nil rate, exempted and non gst.
I am unable to claim my pending ITC. What could be the reason and how can I resolve this issue?
To claim your pending ITC, please follow below steps:
Step 1 : To change the status pending ITC Entries go to the Transacton menu .
Step 2: Click on Gst Misc Utilities option.
Step 3: Select monthly ITC tagging as per GSTR 2A / GSTR 2B
Step 4 : Select Partywise .
Step 5 : In report view enable show previous year transaction .
Step 6 : Select the entry and press F4 to change the status
How can I view the tax breakup (IGST, CGST, etc) in my purchase registers? Where can I find this information?
If you want tax breakup of purchases then you can check then Supply Inward Register by following these steps:
Step 1: Go to Display menu and click on GST Reports.
Step 2: Then, select GST Registers and click on Supply Inward Register.
Step 3: Enter the date range and open the report. This report will show you the tax bifurcations.
Further, you can also the purchase register from account books and set Y on show bifurcation of amount to see the tax breakup.
How do I change the claim status for ITC credit in BUSY? I want to mark a claim as filed.
To Tag entries in monthly GST retuen please follow below steps :,
Step 1 : To change the status pending ITC Entries go to the Transacton menu .
Step 2: Click on Gst Misc Utilities option.
Step 3: Select monthly ITC tagging as per GSTR 2A / GSTR 2B
Step 4 : Select Partywise .
Step 5 : In report view enable show previous year transaction .
Step 6 : Select the entry and press F4 to change the status ,
I want to know the process for exporting GST reports from older Excel versions like Can you please guide me?
To export GST report in Excel you can follow some steps:
Step 1: Go to the Display and then click on GST Report option.
Step 2: Now select your Required report and select the option for which you want to generate report as per your requirement.
Step 3: Now click on Export option amd select Microsoft excel option in Data format field .
Step 4: Now give the parth for export file from BUSY in your system and click on OK option .
The TDS amount is not appearing in my tax reports even though TDS is enabled. How can I resolve this?
The TDS amount is not appearing in my tax reports even though TDS is enabled, follow these steps:
Step 1: Go to Administration in the software.
Step 2: In the Masters section, select the Account .
Step 3: In the master modification screen, look for the Account Group
Step 4: Change the account group to the correct one that you want to associate with the TDS account.
Step 5: Save your changes. This will update the TDS account's group to the right one.
What precautions should I take before filing GSTR- to avoid mismatches with my books of accounts?
precautions should I take before filing GSTR-1 to avoid mismatches, please follow below steps :
Step 1: Verify that the tax rates and values match the invoices and are correctly categorized.
Step 2: Enter details of your purchase transactions, such as invoices, debit notes, and credit notes.
Step 3: Reconcile your data with your financial records to ensure all sales and purchases
Step 4: Generate GST returns and summary reportsincludes GSTR-1 (for outward supplies), GSTR-2 (for inward supplies), and GSTR-3 (monthly summary).
I want to export my GST sales register for last months. What are the steps?
To export your GST sales register for the last 3 months in BUSY, follow these steps:
1. Go to the GST Reports section.
2. Select GST Registers.
3. Choose Sales Register.
4. Set the date range for the last 3 months.
5. Click on the Export button.
6. Choose the desired file format (Excel or PDF) to export the report.
By following these steps, you will be able to export your GST sales register for the last 3 months in BUSY.