Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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.
I want to view my previous GST reports generated in BUSY. How can I access the historical reports?
In BUSY software, you can extract your GST Reports 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 report .
What should I do if my Excel version is below and I want to export the GST report?
You can export your GST Reports in below 2016 verion of excel but in case if show error about 97 version error during the Export from BUSY then you can repair your excel from control panel in your system and then restart your system and then exprot GST Reports.If issue persist then need to make sure that Excel and BUSY has installed in same drive.If still issue persist then you can reinstall your excel with heigher Version,
Why am I not able to see the tax amount breakup for my purchase and sales vouchers?
To check tax amount biffurcation for my purchase and sale voucher then follow the steps:
Step 1: Go to display menu
Step 2: Click on gst report
Step 3: Then click on gst registers
Step 4: Then click on sale/purchase register option
Step 5: Then select option as per your requirement and specify date range and click on OK button
Step 6: Here you can check the sale/purchase vocuher with biffurcation of tax
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
Why am I unable to see the GST amount details in the software?
If you are unable to see the GST (Goods and Services Tax) amount details in your software, Please follow below steps : Verify that you are Step 1: working with the correct invoice or transaction
Step 2: Check the date range of the report and transaction
Step 3: Ensure that you have the necessary user permissions to view and access GST-related information.
step 4: refresh data using update voucher gst summary from housekeeping menu .
Do I need to configure/set up anything in BUSY before generating GST reports?
Yes, you need to configure some settings in BUSY software before generating GST reports. You need to do the following steps:
Step 1: Set up your company details, such as name, address, GSTIN, etc.
Step 2: Set up your tax rates and tax types for different items and services.
Step 3: Set up your sale purchase types and use them to the relevant vouchers.
Step 4: Set up your GST report preferences, such as filing frequency, etc.