Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I need to register as a composition dealer. How can I configure BUSY for composition scheme reporting?
To register as a composition dealer and configure BUSY for composition scheme reporting, you need to go to Administration > Configuration > Feature and Options > GST Oblique VAT. Change the GST dealer type from Regular to Composition. Save the changes and close and reopen the company. After reopening, the Composition GSTR report option should be available in GST Reports.
Why am I unable to find the ' BC transaction' option in BUSY for local transactions?
In BUSY Accounitng Software,If your party is unregistered and you enter any transaction on behalf of that party in BUSY,that transaction will automatically be considered as a B2C transaction,And will these transactions be reflected in the B2C section of your GST reports.you can Go Display menu then click Gst Reports, here you can see in reports and in returns also.
Why is my laser balance statement showing a difference compared to previous months and years?
The laser balance statement may show a difference compared to previous months and years due to incorrect entries or mismatches in the accounting system. It is important to review and reconcile the entries month-wise or year-wise to identify the cause of the difference and make necessary adjustments. Regular backups and proper maintenance of opening balances can help prevent such discrepancies.
What steps should I follow to change column positions in my supply outward register report?
If you want to change column position please follow these steps:
Step 1: Open the supply outward register report
Step 2: Then click on custom column
Step 3: Then add format
Step 4: After added the format specify heading select position as required
Step 5: The position you will select will help you to reorder the column accordingly
What books of accounts and records are required to be maintained under GST laws?
Under GST laws, the following books of accounts and records are required to be maintained:
Step 1: GST Invoice Records i.e. sales and purchase
Step 2: GST Credit and Debit Note Records
Step 3: Records related to Input Tax Credit, including invoices received, credit notes received.
Step 4: Records of all tax payments made,
Step 5 : tax challans and payment receipts, should be maintained.
Why only two sale type, zero rated & exempt are showing in sale voucher?
This happened because of the type of dealer composition. Please follow the steps below to check and change dealer type in BUSY:
Step 1: Go to administration
Step 2: Configuration & click on Features/Options
Step 3: GST/VAT
Step 4: Check if you are regular taxpayer the you have to select type of dealer regular
Step 5: Click on create default GST Master and save.
When I try to view my sales report, it is showing blank. Why can't I see the sales details?
Below are common methods and functions you can use in software applications to refresh data:
Step 1: take backup and reindex the data .
Step 2 :If amount issue of any specific head then an check after run Update Master Balance from Housekeeping tab.(Before doing that please take latest backup of your data).
Step 3: Check the user permissions
I deposited more tax than required but the software is still showing tax payable. How can I fix this?
If you have deposited more tax than required and the software is still showing tax payable, you may need to adjust the excess amount in the software. You can do this by entering a voucher for the excess tax payment and adjusting it against the tax payable amount. This will help reconcile the balance and eliminate the tax payable discrepancy.
The tax amounts are doubled in my reports. Why is this happening and how can I resolve it?
If the tax amounts are doubled in your reports, you need to check below reasons:
1. It can be a duplicate invoice.
2. It can be that the report is not showing in the update, so you need to update the GST summary.
3. It can be that you have entered the double tax in the voucher.
My GST returns are not capturing sale return/credit note amounts. How can I ensure they are reported properly?
If your credit notes are not showing up in GSTR-1 but are appearing in GSTR-3B, here's what you can do to resolve this:
Step 1: Double-check the data entry for your credit notes.
Step 2: Ensure that you are viewing the correct return period in GSTR-1.
Step 3: Compare the data in GSTR-1 and GSTR-3B to identify any missing entries