Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
The tax amount is not reflecting correctly in my profit & loss account. Where can I see the breakup of the tax components?
Tax amount is a part of duties and taxes which is not a part of profit and loss. To check tax breakups you can check GST Summary in BUSY by using these steps:
Step 1: Go to Display menu and click on GST Reports.
Step 2: Select GST Summaries and click on GST Summary.
Step 3: Enter the date range and can see the report.
How can i validate multiple gstin in BUSY?
You can validate multiple GSTIN in BUSY by following below steps:
Step1: Go to Transaction menu and click on gst miscellaneous section
Step2: Then click on validate GSTIN online and select multiple GSTIN option
Step3: Now select required option as per your requirement and load data by click on teh same
Step4: Then select account as per your requirement and validate it by click on validate online option
How do I enter date ranges to generate reports like GST returns in BUSY after an update?
To generate reports like GST returns in BUSY, please follow below steps :
Step 1: navigate the display menu
Step 2 : select the Gst reports and thenGSt returns
Step 3 : select option Gst Return report.
Step 4 : specify the specific date range and enable the bifurcation option
Step 5 : click on Ok and viwe the report
Where can I see the GST I need to pay in my GST B report in BUSY?
If you want to see the GST 3B report please follow given below steps:
Step 1: Go to display menu
Step 2: Then click on GST REPORTS
Step 3: Then click on gst returns
Step 4: Afterwards click on GSTR-3B
Step 5: To know the tax amount you need to pay to the government you need to check provision of it on GST portal then check in its section accordingly
How can I validate details like GST number of suppliers/customers in BUSY before filing GST return?
To validate GST number of suppliers in BUSY before filing GST return, you can use the GSTIN Validate feature in BUSY, follow the below steps:
Step 1: Go to Transaction tab and click on GST Misc. Utilities.
Step 2: Select Validate GSTIN Online option and click on multiple GSTIN
Step 3: Load data and select account name and click on validate online.
Why does the taxable amount differ when calculated from invoice v/s calculated from sales register?
The difference shows in the invoice taxable amount and in the sales register from the below steps.
Step 1: If you have applied taxinlcusive sale type then shows difference, you have to calculate according to inclusive calculation.
Step 2: Ensure the option of show sale purc amount as a taxable amount should be No for the GST reports from the GST VAT option under Administration.
Why are nil rated items not showing under nil rated value in my sales entry?
Nil rated items may not be showing under the nil rated value in your sales entry because you may not have specified yes in the data field that allows exempt, nil rated, and zero rated entries to appear under the nil rated section. By default, these entries will be displayed in the B2B invoice section. Make sure to check and update the data field accordingly.
Where will I see differences between accounts in BUSY that need to be corrected
To find some mistakes in accounts that need to be correct, you can follow these steps:
Step 1: Go to the Display menu and click on GST Reports.
Step 2: Select GST Audit Reports and choose Common Mistakes.
This report will show you some mistakes in the Item / Account Master.
Furthermore there might be other mistakes that need to correct so you can check manually and correct them.
I am unable to generate GST returns properly because of incorrect data after a restore. What should I do?
If you are unable to generate GST returns properly after restoring data, you should check the restored data for any incorrect or mismatched information. Make sure that all the necessary details, such as invoice numbers, HSN codes, and tax amounts, are accurate and up to date. If you find any errors, correct them in the restored data and then try generating the GST returns again.
What are the steps I should follow if my GST expenses are not showing up correctly in the reports?
If Gst expense are not showing up correctly in the reports you should check the following
steps
Step1 open the expense voucher and check GST nature must be B2B expense
Step2 check the expense ledger mention in voucher have appropriate tax category and Itc
eligibility nature and GST Type
Step3 In expense voucher GST must be applied properly on expense