Frequently Asked
Questions

Find Solutions to Common Issues Related to taxation - gst reports

FAQs

I'm seeing discrepancies in ITC claims between my books and the GST portal. How do I adjust this?

Here are steps to help you adjust these discrepancies:
 Step 1: Start by reconciling your GST data in your books with the data on the GST portal
 Step 2: Verify that all invoices are correctly recorded in your books and have been uploaded to the GST portal
 Step 3: make the necessary amendments. Step 4: you can then reverse the ITC claimed and reclaim it after the supplier has corrected their records.

How do I link invoices, credit notes, etc. to ensure there are no mismatches in GST reports?

To ensure there are no mismatches in GST reports, you can link invoices, credit notes, and other documents by correctly recording them in your accounting software. Make sure to enter the relevant details such as invoice numbers, dates, and amounts accurately. Additionally, ensure that the entries are properly categorized and linked to the appropriate parties and accounts. Regularly reconcile your accounting software with the GST reports to identify and resolve any discrepancies.

What is the meaning of 'Match Case' filter in the GST sales register? How does it work?

The "Match Case" filter in the GST sales register is used to specify whether the filter should consider the case sensitivity of the text being searched. When the "Match Case" filter is enabled, it means that the filter will only match the exact case of the text being searched. For example, if you search for "ABC" with the "Match Case" filter enabled, it will only match "ABC" and not "abc" or "Abc".

I am facing issues with ITC claims not getting updated in BUSY. How can I fix this?

If your ITC is not getting update properly in the GST reports, then you need to check these steps:
 Step 1: Make sure you have entered your purchase voucher correctly and selected the correct ITC eligibility.
 Step 2: Check your registered expense voucher details, such as GST nature, tax rate, ITC eligibility, etc.
 Step 3: If you are using the Monthly ITC Tagging feature, verify that all the invoices are tagged correctly.

I am unable to download the sales purchase details report for last month. What should I do?

To resolve the issue of being unable to download the sales purchase details report for last month, you can try the following steps:
 1. Check your internet connection to ensure it is stable.
 2. Verify that you have the necessary permissions to access and download reports.
 3. Clear your browser cache and cookies, then try downloading the report again.
 4. If the issue persists, contact BUSY's customer support for further assistance.

I need help understanding the difference between the BB and BC sections in BUSY for GSTR filing.

The B2B and B2C sections in BUSY for GSTR filing are different because they contain information about different types of transactions. B2B is for business-to-business transactions, while B2C is for business-to-consumer transactions.If supplier or Buyer registered on GST and have GSTIN so their transaction consider in B2B if they are not registered on GST portal then transaction consider in B2C It's important to select the correct section when filing your GSTR report.

The opening balances for previous years are still showing in my GST reports. How can I clear or reset the opening balances?

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.

My account is not showing correct information related to interest on business loans. How can I get this fixed in BUSY?

Here are some common factors to consider:please follow steps : 
 Step 1: Check for data entry errors in BUSY .
 Step 2: Run update master Balnace utility from House keeping menu 
 Step 3 : Run regenerate dual voucehrs process from housekeeping menu. 
 Step 4: Review the ledger entries for interest on business loans.
 Step 5: Verify that you are not claiming Input Tax Credit (ITC) on the interest payments.

I need to adjust ITC claims between two months due to a vendor's late return filing. What's the process in BUSY?

In BUSY, you can adjust Input Tax Credit (ITC) claims between two months due to a vendor's late return filing by following these steps:
 Step 1: Record the Original ITC Entry
 Step 2: Identify the Late Return Filing
 Step 3: Identify the Late Return Filing:
 Step 4: you can adjust the ITC claim in your BUSY:
 Step 5: Reverse the ITC entry by entering a negative ITC amount for the same invoice

I want to modify or edit the details shown in the JCR- report. What steps should I follow to do this?

To modify or edit the details shown in GSTR1 report you need follow the steps 
 Step1 Go to display menu and click on gst reports 
 Step2 click on gst returns and click gstr1 
 Step3 set the period and open the report 
 Step4 enter on each sections and check and to modify it enter on it to go to the voucher 
 level and modify as per your requirement