Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
Why am I not receiving any notifications or alerts for my filed GST returns in the software?The invoices/vouchers are not appearing in the portal. What should I do to view all of them?I am getting an error while trying to reconcile GSTR B in BUSY. How can I resolve this issue?
Not receving alert for filed GST returns, please check:
Step 1 : Check notification setting
Step 2 : CHeck contact information
Step 3 : Check spam or junk folders
Missing voucher on the portal, do it:
Step 1 : CHeck data entry
Step 2 : Upload missing data
Step 3 : Reconcile data
Error while reconcile GSTR-2B in BUSY,follow:
Step 1 : Update the software
Step 2 : Check data entry
Step 3 : Reconcile data entry
I am unable to see the split between CGST and SGST in my GST return. It is showing only IGST. How can I get it to show CGST and SGST properly?
If you check Gst report and it shows IGST data only not showing CGST and SGST data you need to check following things:-
1: If you using item wise sale or purchase type , you have to tag CGST and SGST account ledger in sale or purchase type for local transaction.
2: If you are using bill sundry of CGST and SGST check that are you tagging CGST and SGST account ledger in their respective bill sundries.
I have added freight charges in my purchase vouchers but these charges are not getting reflected in my GSTR- values. How can I ensure freight charges are included in GSTR-?
To tag my freight charges and other additional costs appropriately before or after GST in BUSYhere are some steps to resolve this issue:
Step 1: Add new invoice from transaction menu .
Step 2 : Select sales option and then ADD
Step 3: add relavant information in invoice , item name , priice , quantity , tax amount etc.
Step 4: Add bill sundry forpackaging and forwarding charges
Step 5: and Save the Invoice
I am having issues with the JSTR report in BUSY. It is only showing options for one month, not the full year. How can I fix this?
Here are some causes for this solutions:
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
What steps should I follow to resolve invoice mismatches between my books and my supplier's documents?
To identify and correct mismatches in your invoices and Supplier invoices within BUSY, follow these simple steps:
Step 1: Start by verifying the details of your invoices and Supplier invoices.
Step 2: Compare with Purchase Order
Step 3: Check the tax calculations on both your invoices and Supplier invoices
Step 4: Verify that the payment terms on your invoices match those on the Supplier invoices.
Step 5: correct any mismatches in your invoices by modifying the entries
How can I identify and correct mismatches in my invoices and vendor invoices within BUSY?
To identify and correct mismatches in your invoices and vendor invoices within BUSY, follow these simple steps:
Step 1: Start by verifying the details of your invoices and vendor invoices.
Step 2: Compare with Purchase Order
Step 3: Check the tax calculations on both your invoices and vendor invoices
Step 4: Verify that the payment terms on your invoices match those on the vendor invoices.
Step 5: correct any mismatches in your invoices by modifying the entries
How can I get detailed bill-wise and party-wise invoices for return filing in BUSY?
To get detailed bill-wise invoices for return filing in BUSY, you can follow these steps:
1. Go in Display
2. Then Gst Report
3. Then Gst Register
4. Then sale Register bill wise
To get detailed party wise invoices for return filing in BUSY, you can follow these steps:
1. Go in Display
2. Then Gst Report
3. Then Gst Summaries
4. Then party wise sale Gst summaries
I see gaps in my GST summary when viewing monthly reports. How can I update the full year summary?
In BUSY software, you can extract your GST Summary 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 Reports.
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 yearly and open the reort .
I want to reconcile my actual sales vouchers with what the software sales report shows. What is the process?
Here's a step-by-step process to help you reconcile the two:
Step 1: Collect all the physical or electronic copies of your actual sales vouchers, including invoices, receipts, and any other relevant documents.
Step 2 :Choose the reporting period of a specific month that you want to reconcile. step 3: Identify duplicate transactions, incorrect amounts, or tax calculation errors.
Step 4: Continue to reconcile each transaction in the sales report with your actual vouchers, making adjustments as needed.
The taxable value shown does not match my records. How can I correct the taxable value in BUSY?
To correct the taxable value in BUSY, you can review the specific transaction details and make sure that all relevant charges and taxes are accurately entered in the voucher. Confirm that the correct tax rates are applied to each item on the invoice. Incorrect tax rate can result in inaccurate taxable amounts. If you are applying discounts or additional charges to the invoice, review whether these charges are applicable to the taxable amount as per your requirements.