Frequently Asked
Questions

Find Solutions to Common Issues Related to taxation - gst reports

FAQs

How to export data from BUSY for filing GST returns?

Pls Follow the Below the Steps:
Step 1: Display Menu
Step 2: Gst Reports
Step 3: Gst Returns
Step 4: GSTR-1 E retrun or GSTR 3B Ereturn
Step 4: Select As per Govt Template
Step 5: Specify the Gst template path & Ereturn Folder Path.
Step 6: Download GST Offline Tool from Gst Portal
Step 7: Select the Excel Generated template data from BUSY.
Step 8: Create JSON file and Upload it on GST Portal.

My credit notes and debit notes are not showing up automatically in GSTR How can I manually add them?

To manually add credit notes and debit notes in GSTR1, you can enter them as vouchers in your accounting software. In BUSY, you can create a debit note or credit note voucher and fill in the necessary details such as voucher series, date, GST nature, party account, and relevant accounts. This will ensure that the credit notes and debit notes are included in your GSTR1 report.

I am getting an error in the GST date shown in the invoices. How can I resolve this?

If you want to update the date of invoices you need to follow these steps:
 Step 1: Go to transactions menu 
 Step 2: Then click on invoice in which you want to update the date such as sale,purchase etc 
 step 3: Then open the invoice from modify or list button 
 Step 4: Then change the date from date field and save the changes

My cheques are showing a plus/minus difference between C.G.S.T. and S.G.S.T. What should I check to fix this?

Here are some common causes and steps to address the problem:
 Step 1: Check for data entry mistakes invalid tax calculations.
 Step 2: Verify that invoices and transactions are correctly matched with the corresponding C.G.S.T. and S.G.S.T. calculations
 Step 3: Ensure that transactions are reported in the correct tax return period. 
 Step 4: Reconcile with GSTR-1 and GSTR-3B.
 Step 5: Cross-Check Input and Output Tax

How can I check common errors in my GST return filing through the tax audit report in BUSY?

To check common errors in your GST return filing through the tax audit report in BUSY, you can generate the tax audit report in the software. This report will highlight any errors or discrepancies in your GST return filing, such as mismatched tax amounts or incorrect invoice details. By reviewing the tax audit report, you can identify and resolve any errors before submitting your GST returns.

I am seeing a difference between my C.G.S.T. and S.G.S.T. purchases and sales. How can I resolve this?

Here are some common causes and steps to address the problem:
 Step 1: Check for data entry mistakes invalid tax calculations.
 Step 2: Verify that invoices and transactions are correctly matched with the corresponding C.G.S.T. and S.G.S.T. calculations
 Step 3: Ensure that transactions are reported in the correct tax return period. 
 Step 4: Reconcile with GSTR-1 and GSTR-3B.
 Step 5: Cross-Check Input and Output Tax

I want to understand why my software is showing a difference between C.G.S.T. and S.G.S.T. What are some potential reasons for this?

Here are some common causes and steps to address the problem:
 Step 1: Check for data entry mistakes invalid tax calculations.
 Step 2: Verify that invoices and transactions are correctly matched with the corresponding C.G.S.T. and S.G.S.T. calculations
 Step 3: Ensure that transactions are reported in the correct tax return period. 
 Step 4: Reconcile with GSTR-1 and GSTR-3B.
 Step 5: Cross-Check Input and Output Tax

I want to claim input tax credit for previous periods in the current tax period. How can I do this in BUSY?

For claiming input for previous period, please follow below mention points:
 Step 1: Go to transaction menu and add the journal voucher
 Step 2: Select the GST nature as GST tax adjustment.
 Step 3: Debit the SGST,CGST,IGST input account and credit the SGST input advance account (created under assests)
 Step 4: While saving voucher, select GST adjustment type as input claimed for previous period and save

I am unable to edit or customize my old purchase reports. What could be the reason and how can I resolve this?

BUSY allows you to customize the reports by using the Custom Column feature. So if you unable to add or edit any column then might be you don't have appropriate rights to do the same. So you need login your company with super or admin user. Further, if you customize the report from any third person then you may need to contact them for edit it.

The numbers in my reports keep fluctuating up and down. Why is this happening and how can I stabilize the values?

To stabilize fluctuating numbers in reports, it is important to identify the root cause of the fluctuations and address it accordingly.
 Step 1: This may involve improving data collection methods, ensuring consistency in data entry, or implementing quality control measures. 
 Step 2 : Regular monitoring and analysis of the data can also help identify any trends or patterns that may be contributing to the fluctuations.