Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I made no changes but suddenly there is a variation in my GST liability this month compared to previous months. How to find the cause?
Here's how to find the reason for the change:
Step 1: Review Sales and Purchase Records
Step 2: Verify that you haven't missed reporting any transactions.
Step 3: Reconcile your GSTR-1 (outward supplies) and GSTR-3B (GST liability) returns Step 4: Look for data entry errors, such as incorrect invoice values, tax rates, or GSTIN details. Step 5: Review Amendments and Adjustments
The software is double counting and showing the same voucher multiple times in reports. Why is this happening and how can I avoid it?
If your accounting software is double-counting and showing the same voucher multiple times in reports, please follow steps:
Step 1: The most common reason for double-counting is duplicate voucher entries.
Step 2: Audit Your Entries with using Audit trail report from display menu.
Step 3: Reconcile your accounts regularly
Step 4: Use unique transaction references or numbers for each voucher
Once e-invoicing is enabled, will the invoices automatically reflect in my GST returns? Or do I still need to manually enter invoice details?
Yes, if you generate E-invoice through BUSY, it will reflect in the GSTR. When you open GSTR-1, it shows the option 'Skip E-Invoices.' If you press 'Y' to skip E-invoice, then it will not reflect in the GSTR-1 report. If you press 'N,' then it will show in GSTR-Step 1.
When you generate an E-invoice, it automatically reflects in GST.
I want to get a consolidated view of all pending and claimed ITCs. Is there a report or screen in BUSY that shows this breakup?
you can check consolidate report of claimed or pending report of ITC :
Step 1: Go to Transaction menu
Step 2: Click on gst misc. utilities
Step 3: Then click on ITC Claimed summary report
Step 4: Then specify month and click on OK Button
Step 5: Here you can check consolidate report of ITC
I am unable to match my GST A with the input tax credit amount shown in the software. What should I do to resolve this?
Here's a step-by-step guide on how to resolve this issue:
Step 1: Double-check the data in your GST 2A in BUSY
Step 2: Check for any missing invoices, issues in invoice amounts, or incorrect GSTIN
Step 3: Rectify GST 2A Data
Step 4: Reconcile GSTR A data
Step :file your GST returns based on reconciled and accurate data
I want to view my taxable amounts in BUSY but it seems to be showing the wrong amounts. What report do I need to run?
If you want to view your taxable amount in BUSY please follow these steps:
Step 1: Go to display menu
Step 2: Then click on GST reports
Step 3: Afterwards click on GST registers
Step 4: Then click on supply outward or inward register as required
Step 5: Open that report and you can see the taxable value of your bills alongwith other values
I want to know the source of difference between my GSTR-B and GSTR-A tax amounts. What reports or tools can help identify this?
Here's a step-by-step guide on how to resolve this issue:
Step 1: Double-check the data in your GST 2A in BUSY
Step 2: Check for any missing invoices, issues in invoice amounts, or incorrect GSTIN
Step 3: Rectify GST 2A Data
Step 4: Reconcile GSTR A data
Step :file your GST returns based on reconciled and accurate data
The total invoice value is calculating incorrectly when I add multiple items with different tax rates. What could be the reason?
To address the problem and ensure accurate calculation of the invoice total, consider the following:
Step 1: Ensure that each item in your invoice is correctly classified with the appropriate GST rate
Step 2: ensure that these slabs accurately represent the various GST rates.
Step 3: Tax category should be correctly to the GST rates applicable to the items.
My GSTR-A is showing more tax liability than my GSTR-B. How do I identify the vouchers causing this excess tax amount?
Here's a step-by-step guide on how to resolve this issue:
Step 1: Double-check the data in your GST 2A in BUSY
Step 2: Check for any missing invoices, issues in invoice amounts, or incorrect GSTIN
Step 3: Rectify GST 2A Data
Step 4: Reconcile GSTR A data
Step :file your GST returns based on reconciled and accurate data
Why is the GST amount showing more than the TDS amount in the entry even though TDS should be more?
The GST amount may be showing more than the TDS amount in the entry because the TDS deduction is calculated based on specific criteria, such as the applicable TDS rate and the nature of the transaction. It is possible that the TDS rate is lower than the GST rate, resulting in a lower TDS amount compared to the GST amount.