Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I need to provide my lawyer with separate figures for purchases and expenses from BUSY data. How can I generate these?
If you want to give your lawyer separate figurs for both your purchases and expenses, follow these steps:
Step 1 : Open the Display Menu and choose GST Report.
Step 2 : Within GST Report, pick GST Other Report and select Purchase/Expense-Wise ITC.
Step 3 : Choose the date range and any other relevant options, then run the report. This will provide you with separate figures for your purchases and expenses to share with your lawyer.
How can I correctly summarize the transactions in the GST R report when multiple invoices are generated for the same item?
for correctly summarize the transactions in the GSTR1 report when multiple invoices are generated for the same item please follow these steps
step 1: go to the GST reports under display menu
step 2: then open GST returns and click on GSTR1 report
step 3: mentioned start and end date then open report
step 4: click on 4A B2B regular and open
step 5: click F5 for summarised tax rate wise data
Credit and debit note entry not showing proper Amount or Eligiblity or Credit and Debit note showing in wrong Report
If Debit or credit note not showing proper Amount and other details in GST Report do follow some steps:-
Step 1: Check Details in Adjustment of debit note and credit note window about Itc eligibilty , nature of transaction, tax rate and amount.
Step 2: Check Gst nature because if you select Gst nature as against sale entry will showing in gstr1 of if you select Gst nature as against purchase entry will showing in Gstr2.
How can I get a summary of all sales vouchers in BUSY filtered by a specific tax rate like %?
To get a summary of all sales vouchers in BUSY by filtered a specific tax rate like 18% you have
to follow the steps
Step1 Go to display menu and click on gst reports
Step2 Click on GST other reports then click on tax rate wise output tax
Step3 Fill the date range and ok then select the tax percent 18 to view the summary of all
18 percent sale details
Why is my GST summary report showing a mismatch with the dates? What can I do to fix this?
Here are simple steps to understand and address issue GST summary report showing a mismatch with the dates:
Step 1: Review your records for mistakes like , missing entries, or incorrect amounts. Correct any errors you find.
Step 2: Update GST voucher summary from housekeeping menu .
Step 3 : Try to run update master balance from same menu.
Step 4: Regularly compare different data sources, like GSTR-1 and GSTR-3B, to find and fix issues.
I am unable to see my credit ledger balance reflecting correctly after making adjustments. How can I resolve this?
Here's how you can access the credit ledger in BUSY:
Step 1: Press ALT+L to open account ledger and specify the account name of which you want to check the balance.
Step 2: Then, you need to enter the Date Range for which you want to see the report and click on OK or press F2.
Step 3: The report will show you the Closing Balance of the selected account for the given period.
I am unable to enter expenses in the software without taking input tax credit. What should I do?
To enter expenses in the software without taking input tax credit, 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 .
I am unable to access or view a particular ledger or party. How can I resolve this?
Here's how you can access the credit ledger in BUSY:
Step 1: Press ALT+L to open account ledger and specify the account name of which you want to check the balance.
Step 2: Then, you need to enter the Date Range for which you want to see the report and click on OK or press F2.
Step 3: The report will show you the Closing Balance of the selected account for the given period.
I want to adjust my IGST input credit against my output IGST liability. How can I do this adjustment entry in BUSY?How do I record purchases and generate purchase invoices in BUSY?
For adjust Igst input against Igst output please follow these steps
1. Go in Display then Gst Reports
2. Then Go in gst summary then go in gst summary
3. Select date range and open Gst summary Report
4. Then press f4 and choose input/output adjustment and pass adjustment voucher
For Add purchase voucher in BUSY please follow these steps:
1. Go in Transaction then purchase
2. Then click on add and mention voucher details and add voucher
I am trying to filter my GST report to only show BC transactions. But it does not show any data after applying the BC filter. Why is this happening?
If you are unable to apply filters in your GST (Goods and Services Tax) report, to resolve using the following steps:
Step 1: Go to display menu in the comapny .
Step 2: nevigate the Gst reports option .
Step 3: Select specific report which you want to filter .
Step 4 : In the gst returns view the report .
Step 5 : You can get a seprate sectio of B2c Transaction