Frequently Asked
Questions

Find Solutions to Common Issues Related to taxation - gst reports

FAQs

I want to claim ITC credit for the current period. How do I do this in BUSY?

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 unable to download GST data for certain past months. How to resolve date or period specific download issues in BUSY?

There could be several reasons for not being able to download GST data for past months. Some possible causes could be
 Step 1 : Technical issues with the portal
 Step 2: Outdated software version
 Step 3 : Permission restrictions for remote access
 Step 4 : or incorrect configuration settings.
 Step 5 : It is recommended to check for any updates or changes in the software, ensure proper permissions for remote access, and verify the configuration settings for downloading GST or GSTR-2B data.

I want to know the right configuration settings required in the software to generate accurate GST returns with correct ITC amounts.

To ensure the accurate gst returns with correct ITC amounts in BUSY you need to follow below steps:
 Step 1: Go to administration menu and select configuration option.
 Step 2: In configuration menu select feature and option then click on GST/VAT tab.
 Step 3: Make sure to mention the GSTIN and gst portal user name and click on save button.
 Step 4: Go to display option then gst report and lastly on gst return to generate different gst returns from BUSY.

My account ledger is not reflecting correct GST amounts paid and input credit. How to resolve this issue in BUSY?

Here are some potential causes for this discrepancy:
 Step 1: Incorrect data entry in your BUSY, such as entering wrong invoice details, tax amounts, or dates, can lead to discrepancies.
 Step 2: Recording a transaction in a different financial period than when it occurred
 Step 3: Failure to reconcile your accounting records with the auto-populated data in GSTR-2A Step 4: Mismatch in Tax Rates
 Step 5: If you made amendments or corrections in your GSTR-1 on the portal after filing it through

I am getting errors while generating GST reports in BUSY. What could be the potential reasons and solutions for this?

There could be several potential reasons for errors while generating GST reports in BUSY. Some possible reasons could include
 Step 1 : Incorrect data entry
 Step 2 : Mismatched tax rates
 Step 3 : Missing or incomplete information
 Step 4 : Software compatibility issues.
 Step 5 : To resolve these errors, you can double-check the data entered, ensure the correct tax rates are applied, verify that all necessary information is provided, and make sure you are using the latest version of BUSY.

Why are expenses booked through general entries not reflecting in my GST return? How do I link these properly?

To tag my expense transactions as registered, unregistered etc but don't see these options while booking expenses,Please follow below steps : 
 Step 1: Enter expense transactions into BUSY through journal entry. 
 Step 2: Assign each expense transaction with gst nature in the journal entry . 
 Step 3: Generate Expense Reports go to the display menu . 
 Step 4: select GSt Reports 
 Step 5: click on GST Audit report . 
 Step 6: Select GST Audit report .

I want to view the details of each transaction in my GSTR- report. How can I do this?

To view the details of each transaction in your GSTR-1 report, you need to follow the below steps: 
 Step 1: Go to Display, then select GST Reports, then select GST Returns, then select GSTR-1. 
 Step 2: then select the relevant information and select the date range, then press OK and F2 to load the report. 
 Step 3: After loading the report, you can see the section-wise details. Click on the required section, and you can find the tax amount.

I am unable to view reports from my account register. What should I do to resolve this?

Here are some common reasons for this discrepancy:
 Step 1: Incorrect data entry or missing entries.
 Step 2: Invoices recorded in your accounting software and the GST portal may not align if they are for different periods.
 Step 3; Rounding variances in calculations can result in small discrepancies. Step 4: You can filter by transaction type, category, or specific criteria to refine the report's results.i
 Step 5;Double-check the date range for the report. Step 6: Make sure you have the necessary permissions

How can I reconcile my data between the ITC claims in BUSY and actual GST portal data?

reconcile my data between the ITC claims in BUSY and actual GST portal data, you can try the following steps:
 Step 1: Go to the BUSY .
 Step 2: Navigate to the transaction section.
 Step 3: Look for the option called GST MIsc. Utilities.
 Step 4: Select the option to download both 2A and 2B GSTR reports.
 Step 5: Reconcile the information between the two reports.
 Step 6: Once the reconciliation is complete, you should be able to download the transactions successfully.

How to ensure complete accuracy between debit and credit values when filing GST returns on the portal?

To ensure complete accuracy between debit and credit values when filing GST returns on the portal, it is important to carefully reconcile and match the debit and credit entries in your accounting software. Double-check that all debit and credit notes are correctly linked to the relevant invoices. Additionally, verify that the HSN codes and tax rates are accurately entered for each transaction. Regularly review and reconcile your books with the GST returns to identify any discrepancies and make necessary corrections before filing.