Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I need to file monthly GST returns but BUSY is only allowing me to generate an annual summarized GST report. How can I modify the settings to generate monthly reports?
To address this problem, consider the following steps:
Step 1: Navigate to the Display section within the software.
Step 2: Choose the specific GST report you want to generate, such as GSTR-1 for monthly sales data.
Step 3: In the report settings or configuration, set the date range to Monthly.
Step 4: Click on the Generate button to generate the monthly GST report.
I am unable to select the month/period for generating my GST report in BUSY. It only shows me the full year summarized. What should I do to fix this?
To address this problem, consider the following steps:
Step 1: Navigate to the Display section within the software.
Step 2: Choose the specific GST report you want to generate, such as GSTR-1 for monthly sales data.
Step 3: In the report settings or configuration, set the date range to Monthly.
Step 4: Click on the Generate button to generate the monthly GST report.
The supply output register report is only showing a limited number of items per HSN code. How can I see all the items for each HSN code?
To see supply outward report with all HSN codes in BUSY, you can follow these steps:
Step 1: Go to Display menu and click on GST Reports.
Step 2: Select GST Registers then Supply Outward Register.
Step 3: Enter the date range and set Y on Show Qty Details then open the report.
Now, you can check sale of all the HSN codes.
My GSTR- filing is showing an incorrect taxable value amount compared to my actual sales. Why is there a difference and how can I rectify it?
To rectify the taxable amount in GSTR ! with the actual sales, you may refer the following steps:
Step 1: Go to GST Reports then click on GST Audit reports.
Step 2: Select reconcile account with GST then select sales.
Step 3: Enable the options as pr your requirement.
Step 4: After opening the report rectify the entries if shown the same report.
Can you provide a step-by-step guide on how to fix special character errors during data import?How can I ensure that my GST portal data is synced correctly with BUSY?How can I generate a cash flow statement in BUSY?
Yes, there is a way to automatically remove or replace special characters in the data before importing it into the software. You can specify the special characters that need to be removed or replaced in the import settings of the software.
To generate cash flow statement:
Step 1 : CLick on display
Step 2 : MIS reports
Step 3 : Cash flow
I want the exempted cases to be consolidated together in my reports, irrespective of whether they are interest rate cases or local cases. How can I do this configuration?
In GST summary reports and GST returns, it is common to see exempted values consolidated into a single figure. This consolidation is a standard practice in GST reporting, where exempted supplies are not broken down into individual transactions but instead aggregated as a single value. This simplifies the reporting process and makes it easier to present the required information to tax authorities.
How can I adjust, reverse or remove incorrect journal entries made for GST in the BUSY software? What is the ideal workflow?
To remove or reverse your journal entries in BUSY you can follow these steps:
Step 1: In case of itc reversal you can do it through journal voucher there is a provision that is available in BUSY to do reversal entry
Step 2: To remove the incorrect journal entries you need to either modify it or delete the entries manually
Why are some months missing entirely from my BUSY reports? The data seems incomplete. How can I get the full reports?
If you are unable to view full data in gst reports then check your starting date and ending date of the report and books commencing from option folow the below steps:
Step 1: Go to Company menu
Step 2: Then click on Edit company option
Step 3: Then check Books commencing from option is start with the fiscal year as per your need
How do I know if I need to make any GST payment to the government for a particular month in BUSY?
In GST summary reports and GST returns, it is common to see exempted values consolidated into a single figure. This consolidation is a standard practice in GST reporting, where exempted supplies are not broken down into individual transactions but instead aggregated as a single value. This simplifies the reporting process and makes it easier to present the required information to tax authorities.
Why am I getting an error while opening my company file in BUSY after updating to the latest version?
Here are some common reasons and solutions, please follow steps :
Step 1: Check the software's documentation or release notes for information on file compatibility.
Step 2: the file has become corrupted during the update process or for other reasons, you may need to restore from a backup
Step 3: Re-run the update process and ensure it completes without interruptions.