Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
The freight charges I have entered in some vouchers are not reflecting correctly in the GST report. Why is this happening and how can I fix it?
Incorrectly reflected freight charges in your GST report , please folllow below steps :
Step 1 : Check the Your Invoice , freight charges is appied or not .
Step 2: Check the if item wise freight charges is applied on each item of the invoice
Step 3: Check the freight charges bill sundry configuration
Step 4 : Go to standard invoice configuration
Step 5 : Check the invoice print preview
The tax amounts in the BC section do not match between the invoice and HSN report in BUSY. How can I troubleshoot and resolve this discrepancy?
To troubleshoot and resolve the tax amount mismatch between B2C section and HSN report in BUSY, you need to check if
Step 1 : The tax rates are accurately applied to the products in the invoices.
Step 2 : Also, ensure that the tax amount is deducted automatically from the product rate in the invoices.
Step 3 : You can also check the GST summary report and purchase bills to identify any discrepancies.
How can I claim ITC for a debit note in a month later than when I received the debit note? What is the process for that?
here are the process for ITC tagging in BUSY :
Step 1: Go to Tansaction menu
Step 2: Click on Gst Misc. Utlities
Step 3: Then click on monthly ITC tagging as per GSTR 2A / 2B
Step 4 : Select Partywise or voucherwise
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 import bank statements into BUSY for reconciliation. It shows an error while importing. How can I troubleshoot and fix this error?
To import bank statements into BUSY, this option is not available. To reconcile your accounts in BUSY, follow these steps:
Step 1: Open BUSY and navigate to the Displaysection.
Step 2: Choose the Bank Reconciliation you wish to reconcile.
Step 3: Click on the Show UnCleared Entryoption.
Step 4: Select the Bank Account and specify the date range for statement reconciliation.
Step 5: Press the F4 key to clear the transactions on your bank statement.
I am unable to reconcile the GST/tax amounts between the invoice and GSTR report in BUSY. What should I do to fix this?
To reconcile the GST/tax amounts between the invoice and GSTR report , you can follow below steps :
Step 1 : CLick on transactions
Step 2 : GST misc utilities
Step 3 : Download and Reconcile GSTR JSON Data option
Step 4 : This feature allows you to download the 2A and 2B GSTR files from the government portal and reconcile them with the data in your purchase register to identify any mismatches.
I want to adjust GST payments for inter-state transactions made in June in the July GST returns. How can I do this adjustment?
for adjust GST payments for inter-state transactions made in June in the July GST returns then follow these steps
step 1: go to the GST summaries under display menu
step 2: then open GST summay
step 3: select relevant dates and other options
step 4: after open report you can press F4 for auto regular GST payment
step 5: select series and relevant date for posting entry and save it .
I issued a debit note but it is not showing up in the GST summary report. What could be the reason for this?
If you issued a debit note but it's not showing up in the GST summary report,please follow the steps :
Step 1: Check for any data entry mistakes when creating the debit note
Step 2: Verify if the debit note has been correctly matched with the original invoice
Step 3: Check the GST nature of the debit note .
Step 4: Verify if the debit note has been correctly matched with the original invoice
What is the process to update and link GST number for a customer or vendor after their account is created in the system?
To link GST Number of a customer then you need to follow these simple steps:
Step 1. Go to Administration, then Master.
Step 2. Click on Account and select Modify.
Step 3. Choose the Party Name you want to update the GST Number for.
Step 4. Edit the GST Number as needed and save the changes in the master to apply them.
This process will help you link the GST Number for any existing party.
The GST summary is showing additional charges that I did not input or account for. Why are unknown charges showing up?
If some additional charges is showing in your GST summary report please ensure given below points:
1. Ensure that you have not specify that aditional charges in voucher
2. Make sure all the data entry is accurate
3. If mismatch in data check that also by reconciling your data
4. Run update voucher gst summary and update master balance from house-keeping menu but make sure you have the latest backup of your data before proceeding
I want to view my debit notes in the GST summary report. What should I do to enable this?
If you issued a debit note but it's not showing up in the GST summary report,please follow the steps :
Step 1: Check for any data entry mistakes when creating the debit note
Step 2: Verify if the debit note has been correctly matched with the original invoice
Step 3: Check the GST nature of the debit note .
Step 4: Verify if the debit note has been correctly matched with the original invoice