Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I need to file GST returns for my composite scheme firm. How can I generate the GST details in BUSY?
for generate the GST details in BUSY for GST return for composite scheme firm follow these steps
step 1: go to the GST reports under display menu
step 2: open GST returns and click on GSTR return quarterly and monthly return
step 3: mentioned start and end date , also there is other relevant option you can select as per required .
step 4: after open report you can see all the deatils related GST under composite scheme .
How can I ensure that the GST amount calculated matches the entered amount in the bill in BUSY?
To ensure that the GST amount calculated matches the entered amount in the bill in BUSY software You can follow the steps.
Step 1. Go to gst report
Step 2 Open the report in short range.
It will be helpful to you to check balances.
Step 3. Compare the report balances from voucher amount.
Step 4. If balance is not updated then You can run update voucher gst summary in house keeping menu to update balance.
Why are non-GST expenses like oil purchase being included in my taxable amount calculation? I want these excluded.
To exclude Non gst expense like oil purchase which being included in taxable amount
calculation you need to follow the steps
Step1 need to ensure the expense voucher you have created its expense ledgers
tax category should be non gst
Step2 go to display menu and click on GST reports
Step3 Click on Gst returns and select GSTR 2
Step4 select the period and disable show exempt NR ZR entries in taxable invoice separately then ok
How should I maintain GST summary on a monthly basis? What entries are required for proper balancing?
get a consolidated GST tax summary across multiple months in BUSY by following these general steps:
Step 1: Once you are logged into the software, look for the Display menu.
Step 2: Within the Display menu, you should find a submenu or option related to GST tax summary .
Step 3: Click on it to proceed.
Step 4: In the GST Reports section,Look for the option labeled GST Summary
Step 5:Specify the date range of monthly and open the report .
I need to export the reports from BUSY to Excel for additional formatting and analysis. What is the best way to export reports as editable Excel files?
You can export report in excel format. Example you want export GST sale register or purchase register.
Step 1: Generate the GST Sale Register or Purchase Register on the screen.
Step 2: Click on the "Export" option.
Step 3: During the export process, you will encounter data format options. Choose "Microsoft Excel."
Step 4: Specify the desired file name for the exported report.
Step 5: Select the location on your computer where you want to save the Excel file.
Step 6: Confirm and complete the export process.
How can I get a consolidated GST tax summary across multiple months in BUSY? I want to view reports for an entire quarter or annual period.
get a consolidated GST tax summary across multiple months in BUSY by following these general steps:
Step 1: Once you are logged into the software, look for the Display menu.
Step 2: Within the Display menu, you should find a submenu or option related to GST tax summary .
Step 3: Click on it to proceed.
Step 4: In the GST Reports section,Look for the option labeled GST Summary
Step 5:Specify the date range of monthly and open the report .
Why am I not able to see my company's GST number in the GST reports in BUSY? How can I link my GST number?
unable to see my company's GST number in the GST reports in BUSY for that make sure you entered your Companies GST no in Company details or in GST configuration for that follow these steps
step 1: go to the Configuration under administration menu.
step 2: open features and option then click on GST/VAT tab
step 3: and mentioned your company GST no then save it
step 4: after that you can see the GST no in GST reports.
What is the meaning of the BC and BB categories shown in my reports? How do these categories affect the invoice details shown?
Here's what they mean and how they affect invoice details:
B2C (Business-to-Consumer):B2C transactions refer to business transactions in which a business sells goods or services directly to individual consumers (end-users) rather than to other businesses. In these transactions, the buyer is not registered for GST or does not have a GSTIN
B2B (Business-to-Business):B2B transactions involve business entities selling goods or services to other businesses. In B2B transactions, both the seller and the buyer are registered for GST and have GSTINs.
Why am I not able to see the split of expenses as registered, unregistered and exempt in the standard reports? What configuration do I need to do to enable this?
to see the split of expenses as registered, unregistered and exempt in the standard reports, you can follow these 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 .
Why is the advice value in my GST return not matching with the invoice amounts in my sales register? How can I identify the reason for this difference?
If the value in GST return and sale register not matching, you can check the options mentioned below:
Step 1: Go to display then GST report now click on gst audit reports
Step 2: Then select reconcile account and GST option and select sales
Step 3: Mention date range and open report
Step 4: In this report you can check mismatched transaction with comparison to check mismatched value
Step 5: Correct all the transaction present in the report