Frequently Asked
Questions

Find Solutions to Common Issues Related to taxation - gst reports

FAQs

The GST credit in my books does not match the portal. How do I adjust my books to align with the portal?

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.

How can I get the item-wise breakup showing quantity, rate, GST etc for each item in a single invoice in BUSY?

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

I want to switch to GST but prefer not to highlight GSTIN field. How can I do this in BUSY?

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

I want the GST reports to show taxable value instead of sales/purchase amounts. What configuration do I need to change?

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.

I want to record an adjustment entry in my books to account for the GST credit difference between my books and the portal. What is the right way to do this?

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.

The GST number for some of my parties is showing as invalid in BUSY data even though I have entered the correct GST number. Why is this happening?

If the GSTIN is showing invalid in party master you need to check it by revalidating again, you can follow below steps to validate GSTIN.
 Step 1: Go to transaction menu and select Gst misc. utilities.
 Step 2: Then select check party return filing status then select the party option to validate.
 Step 3: Mention GSTIN and validate it.
 Note: By revalidating you can verify that GSTIN is cancelled or not.

Why am I not able to see the taxable value for unregistered party sales in June even after applying filters? What should I do to get this data?

To export the taxable value of sales made to unregistered parties in different tax rates to excel then you need to follow the below steps:
 Step 1. Goto Dispaly then click on GST Report
 Step 2. Click on GST Return then GSTR-1
 Step 3. Select the month of june and check the report in the section of B2CS section, it will display the all the tax wise bifrication of unregisteres customer as required,

How can I export the taxable value of sales made to unregistered parties in June at different tax rates to Excel? I want to see the breakup.

To export the taxable value of sales made to unregistered parties in different tax rates to excel then you need to follow the below steps:
 Step 1. Goto Dispaly then click on GST Report
 Step 2. Click on GST Return then GSTR-1
 Step 3. Select the month of june and check the report in the section of B2CS section, it will display the all the tax wise bifrication of unregisteres customer as required,

The GST input credit shown in BUSY for my stock does not match my understanding. Which BUSY report provides detailed breakup of how GST input is calculated?

The breakup of how GST input is calculated in BUSY can be found in the GST summary report and to see this report,you can follow some steps:
 Step 1: Go to Display and then click on GST Reports.
 Step 2: Now click on GST Summaries and click on GST Summary.
 Step 3: Now specify the Time period and check Report.
 In this report you can check whole amount of CGST,SGST and IGST input

I am unable to get clarification from your representative on the best way to adjust my books for the GST credit difference. What should I do?

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.