Frequently Asked Questions

In BUSY, if you want to clear or reset the opening balances for previous years in your GST reports, you can follow these steps:
 Step 1: Click on that ledger account to open it.
 Step 2:option to reset or clear the opening balance.
 Step 3: reset the opening balance . 
 Step 4 : After confirming, save the changes to the ledger account.
 Note : Opening balance can reset only in begining FY.

Here's the right way to do this:
 Step 1 : If you have overstated your GST credit in your books
 Step 2: Debit the GST Credit account. Credit the appropriate expense account.
 Step 3: If you have understated your GST credit
 Step 4: Credit the GST Credit account.Debit the appropriate expense account .
 Step 5: Enter the correct amount of the adjustment
 Step 6: Use the correct transaction date for the adjustment entry.

To view item-wise breakup showing quantity,rate,gst etc please follow these steps: 
 Step 1: Go to display menu 
 Step 2: Then click on GST reports 
 Step 3: Then click on GST registers 
 Step 4: Then click on sales register or supply register as required 
 Step 5: By checking these report you can view item wise breakup and you can also add custom column if any column is not define

To switch to GST but prefer not to highlight GSTIN field,To enable GST in my BUSY
 Step 1: Open your BUSY software and navigate to the configuration section.
 Step 2: found in the Features and Option then GST/VAT Configuration menu
 Step 3: Enable GST and configure it . 
 Step 4 ; But in the same company you cannot swith the VAT and GST 
 Step 5; Crete new company for GST configuration

To show the taxable value instead of sale/purchase amounts in the gst reports you need to follow below given steps:
 Step 1: Go to administration menu and select configuration from it.
 Step 2: In configuration select feature and option and then click on GST/VAT tab.
 Step 3: Then mention Y in the show sale/purchase amount as taxable amount in gst reports.
 Step 4: Lastly click on save button to save the configuration.

Some bills may show as pending in the GST return even though you have entered and uploaded them due to various reasons such as
 Step 1 : Errors in data entry
 Step 2 : Mismatch in party details
 Step 3 : Incorrect HSN codes
 Step 4 : Delayed filing of returns.
 Step 5 : It is important to review and validate the entered data to ensure accuracy and resolve any errors or discrepancies.

To see invoice-level GST data for analysis in BUSY, you can use the ITC reconciliation reports. These reports allow you to reconcile GST data between BUSY and the GST portal at the invoice level. By reconciling ITC claims party-wise and date-wise every month, you can ensure that all invoices are accounted for and show up in the month they were booked. This will provide you with the detailed information you need for analysis.

To carry forward unpaid GST liability to next financial year do follow some steps :-
 Step 1: Create a account ledger with gst payable group under current liability.
 Step 2: Then do pass journal entry with gst payment to government as gst nature and transfer the amount in gst payable account ledger.
 Step 3: Then in next financial year Debited the Gst payable ledger and credit the payment mode ledger in accounting voucher.

If the pick relevant ITC from Monthly ITC Tagging option is not visible while opening the report, then might be the option of ITC tagging is disabled. To enable it follow these steps:
 Step 1: Go to Administration and click on Configuration.
 Step 2: Select Features / Options then click on GST / VAT tab.
 Step 3: Here, you will see the option ITC Tagging Required, set Y on that to enable it.

To categorize my expenses as registered and unregistered., 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 .