Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
How do I handle sales tax reporting and payments in BUSY
Sales tax reporting and payments in BUSY are done through the GST/VATmodule, which simplifies the compliance process for your business. You can create GST invoices, file GST returns, generate e-way bills and e-invoices, verify GSTIN, reconcile GST data, and more. To handle sales tax reporting and payments in BUSY, you need to follow these steps:
Step 1: Enable and configure the GST feature in the GST/VAT tab.
Step 2: Configure the masters for your business, such as sale/purchase type, tax category, tax bill sundry, item master, party master, etc.
Step 3: Enter the transactions and apply the GST as per the tax rate and type.
Step 4: Adjust the Input / Output from the GST Summary and calculate the tax liablities.
Step 5: Enter the payment/journal voucher for GST payment or reversal.
Step 6: Generate the GST reports and file the returns online or offline.
Why and how ITC tagging option used in BUSY?
You can use our ITC tagging features for generating ITC correct report in which you can specify claimed or pending status for ITC in BUSY respectively you will get the result in report.
Please follow below steps for using ITC tagging in BUSY:
Step 1: Go to transaction menu
Step 2: Then click on gst misc. utilities option
Step 3: Then go to monthly ITC tagging as per gstr2a or 2b
Step 4: Then open the report for that month you want to change the status in BUSY
Step 5: Then after opening the report you have to press F4 shortcut key
Step 6: Then you will be able to update the status of your
itc to claimed or pending as per requirement and save it.
Step 7: You can check gst summary/3b as per the itc tagging from display menu then gstr report option.
I am trying to compare taxable values in my GSTR- and GSTR-B reports through the software but am unable to find the right option. Which menu should I access for this?
In BUSY, you can compare taxable values between your GSTR-1 and GSTR-3B reports. To do this, follow these steps:
Step 1 : In BUSY, you will typically find reporting and reconciliation features in the Transaction menu
Step 2: Within the Display menu, look for the section that includes GST reports
step 3: Click on the option for GSTR-1
Step 4: Choose the relevant reporting period a specific month and generate the GSTR-1 report.
step 5 go back to the GST Reports menu and select the option for GSTR-3B.
Step 6: Choose the reporting period the same month as GSTR-1 and generate the GSTR-3B report.
Step 7: manually review the two reports side by side
Step 8 : you may need to adjust your entries in BUSY to ensure accurate reporting in both GSTR-1 and GSTR-3B.
What checks can I perform to audit GST compliance for my filed sales invoices?
To audit compliance for your field sales invoice you can perform the following checks
1 Go to display menu and click on gst gst reports then click on gst audit reports
2 Now check parties with invalid GSTIN or Invalid tax rates in voucher or reconcile account
and gst options it will help to check is their any mistakes in voucher or not before filling
GST
3 Go to Display menu and click on GST reports then select GST return and select
GSTR1 Report for the month and can check is their showing any invalid HSN details in hsn
summary or not
4 Go to transaction menu and click on GST misc utilities and then can click on
Validate HSN or Validate GSTIN online option to check invalid hsn or GSIN
How do I ensure the HSN codes are mapped properly while exporting ITC data?
To generate my ITC data with HSN codesswith all tax break ups , follow these steps:
Step 1: Launch BUSY GST Software.
Step 2: Go to the Display menu.
Step 3: Select GST Reports.
Step 4: Choose GST Summary from the available options.
Step 5: Within the GST Summary report, you will find options for various sales reports, including Item Wise Sales Summary, Party Wise Sales Summary, and Sale Type Wise Sales Summary.
Step 6: Select the relevant sub-report based on your requirements. For GST summary, you might choose Item Wise Sales Summary or another appropriate option that provides the bifurcation of tax rates.
Step 7: In this selected report, you will find the bifurcation of sales data based on different tax rates, including the GST summary.
Step 8: Click Print to generate a hard copy of the report.
How can I link a credit note to the original tax invoice in BUSY?
BUSY, you need to correctly record and report these credit notes. Here's a step-by-step guide to ensure their proper reflection:
Step 1: Create Credit Notes or sales return from transaction menu
Step 2 : Assign the appropriate tax rates to credit notes, especially if they involve GST.
Step 3: adjustment window showing in entry .
Step 4: select invoice reference number from the list and save the entry
Step 3 : Navigate to the Display section, and look for the GST Returns - GSTR-1 report.
Step 4 : Report based on the relevant tax period (usually a month or a quarter)
Step 5 : When you generate the GSTR-1 report, it should automatically include the credit notes Step 6: Carefully review the GSTR-1 report to ensure that the credit notes are accurately reflected in the report.
How can I check tax rate-wise output tax details in BUSY? Where is this report located?
To check the input and output GST from my sales and purchases, follow these steps:
Step 1: Launch BUSY GST Software.
Step 2: Go to the Display menu.
Step 3: Select GST Reports.
Step 4: Choose GST Summary from the available options.
Step 5: Within the GST Summary report, you will find options for various sales reports, including Item Wise Sales Summary, Party Wise Sales Summary, and Sale Type Wise Sales Summary.
Step 6: Select the relevant sub-report based on your requirements. For GST summary, you might choose Item Wise Sales Summary or another appropriate option that provides the bifurcation of tax rates.
Step 7: In this selected report, you will find the bifurcation of sales data based on different tax rates, including the GST summary.
Step 8: Click Print to generate a hard copy of the report.
How can I include or exclude invoice level details in the B report in BUSY?
To include or exclude invoice level details in the 3B report in BUSY, you need to follow the below steps:
Step 1: Go to Display, then select GST Reports, then select GST Returns, then select GSTR-3B.
Step 2: Then select the date range for which month or date you want to view the report.
Step 3: Then type the V if you want to check the report voucher date-wise and the P if you want to check the report purchase date-wise.
Step 4: Select the relevant information and press F2 or OK to load the report.
Step 5: Then you can view the GSTR 3B report. After loading the report, you can click on details; it will show transaction type. After selecting transaction type, you can go to the entry level to include or exclude invoice level details.
I want to file returns under composition scheme. What are the filing frequency options available?
To file returns under the composition scheme, below are the filing frequency options available. For this, you need to follow the below steps:
Step 1: Go to Display, then select GST Reports, then select GST Returns.
Step 2: then select GSTR-4 eReturn (Quarterly Return) and/or GSTR-4 eReturn (Annual Return), then select the option as JSON, as per the government template and plain Excel.
Step 3: After that, you need to specify the date range and relevant information as required, then press F2 or click OK.
Step 4: You will find the check error in the transaction option. You need to check the error, and after checking the error,
Step 5: You can proceed with JSON, AS per the government template, and Plain Excel; it will generate the file in JSON, AS per the government template, and Plain Excel.
I want to add a custom column in my GST reports to show freight charges distinctly. What is the process to add custom columns?
If you want to add a custom column in gst sale or purchase register then you can do it in BUSY
by following steps
Step1 Go to display menu and click on gst reports
Step2 then click on gst register and click on sales register
Step3 open the reports and click on custom colum
Step4 fill a format name and click on add new column then fill the heading name of colum
position of column and its length then click on category and select inventory voucher header field
Step5 click on field and click on bill sundry if you mentioned freight in as bill sundry in voucher
Step6 select the bill sundry amount field and save the field then save the format
Step7 then open reports with new custom format
