Frequently Asked
Questions

Q: How do I generate GST reports for composition scheme in BUSY?.

To generate the GST report for the composition scheme, follow these steps: Step 1: Go to the Display section and click on GST Reports. Step 2: Click on GST Returns, then select GSTR-4 to view the report. Step 3: There are various other reports in the menu that you can check based on your needs.

Q: How do I view reports for specific accounts or categories?

Please provide more details as which report you want to view in BUSY. Further in BUSY most of the report has option to filter the report by party, where you can select One party to view a specific customer data. Another option is to use the filter option in the report and choose the customer you want to view.

Q: How do I reconcile accounts and GST in BUSY

If you want to reconcile accounts with GST in BUSY, you can follow these steps: Step 1: Go to Display and select GST Reports. Step 2: Choose GST Audit Reports and click on "Reconcile Accounts & GSToption. Step 3: You can select Sales / Purchase / Acc. Vouchers as per the requirements. Step 4: Enter the Date range and can open the report.

Q: I made an invoice with separate line items for taxable (% GST) and zero rated goods. But in the GSTR- report, the taxable value is lower than invoice amount. Why is this difference and how can I resolve it?

made an invoice with separate line items for taxable (18% GST) and zero rated goods. But in the GSTR-1 report, the taxable value is lower than invoice amount because of as per transaction taxable value is always lower than then invoice value because in taxable value GST value is not included and in invoice value GST value is inculded.

Q: I want to check the output tax amounts for CGST, SGST etc. from last year to reconcile the opening balance this year. Where can I find these breakups for the previous year?

You can check the GST Summary in BUSY to check the tax breakups and opening balances of CGST, SGST and IGST. To check it follow 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.

Q: The total invoice value shown in the GST message is incorrect as it has not subtracted the credit note amount. What should I do to rectify this?

If the credit note value is not getting subtracted from the total invoice value in the GST Portal then check the following steps. Step 1. Ensure that you have adjusted the credit note to the corresponding sales invoice. Step 2. Ensure that the file is uploaded to the portal only after adjusting the credit note with its respective invoice.

Q: How can I ensure that any changes or updates I make in existing invoices or vouchers do not impact the previously exported data for GST filing?

If you already exported the gst data and after that you made some changes in BUSY invoices in that case only BUSY data will be changed the exported data for gst will remain same as it was before If you still want to prevent it from any discrepancy in data you can take the latest backup of your data

Q: Some transactions like purchase returns are not populating in the right sections of the GST return. Why does this happen and how can it be fixed?

Purchase returns need to be fixed in the correct GST section in BUSY because it affects the accuracy of GST reports and can lead to discrepancies in tax calculation. To see Purchase returns in righ section please make sure that you are checking GSTR 2 Return and also ensure that original voucher no. is enter in purchase return voucher.

Q: The HSN code for the same item is showing two different codes one with digits and one with digits. What should be the correct HSN code?

HSN codes are used to classify goods for customs and tax purposes. The length of an HSN code can vary, and it typically depends on the level of detail required for classification. In some cases, the HSN code can have 6 digits, while in others, it can be extended to 8, 10, or 12 digits for more precise classification.

Q: My profit and loss account shows a balance adjustment but I cannot identify the corresponding transaction causing it. How to find the reason?

If your Profit and Loss (P&L) account shows a balance adjustment but you can't identify the corresponding transaction causing it, here's how to find the reason: Step 1: Start by reviewing your P&L account in detail. Step 2: Check for Manual Adjustments Step 3: Review your journal entries for the specific accounting period Step 4: Reconcile Income and Expenses

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How do I generate GST reports for composition scheme in BUSY?.

To generate the GST report for the composition scheme, follow these steps: 
 Step 1: Go to the Display section and click on GST Reports. 
 Step 2: Click on GST Returns, then select GSTR-4 to view the report. 
 Step 3: There are various other reports in the menu that you can check based on your needs.

How do I view reports for specific accounts or categories?

Please provide more details as which report you want to view in BUSY. Further in BUSY most of the report has option to filter the report by party, where you can select One party to view a specific customer data.
 Another option is to use the filter option in the report and choose the customer you want to view.

How do I reconcile accounts and GST in BUSY

If you want to reconcile accounts with GST in BUSY, you can follow these steps:
Step 1: Go to Display and select GST Reports.
Step 2: Choose GST Audit Reports and click on "Reconcile Accounts & GSToption.
Step 3: You can select Sales / Purchase / Acc. Vouchers as per the requirements.
Step 4: Enter the Date range and can open the report.

I made an invoice with separate line items for taxable (% GST) and zero rated goods. But in the GSTR- report, the taxable value is lower than invoice amount. Why is this difference and how can I resolve it?

made an invoice with separate line items for taxable (18% GST) and zero rated goods. But in the GSTR-1 report, the taxable value is lower than invoice amount because of as per transaction taxable value is always lower than then invoice value because in taxable value GST value is not included and in invoice value GST value is inculded.

I want to check the output tax amounts for CGST, SGST etc. from last year to reconcile the opening balance this year. Where can I find these breakups for the previous year?

You can check the GST Summary in BUSY to check the tax breakups and opening balances of CGST, SGST and IGST. To check it follow 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.

The total invoice value shown in the GST message is incorrect as it has not subtracted the credit note amount. What should I do to rectify this?

If the credit note value is not getting subtracted from the total invoice value in the GST Portal then check the following steps.
 Step 1. Ensure that you have adjusted the credit note to the corresponding sales invoice.
 Step 2. Ensure that the file is uploaded to the portal only after adjusting the credit note with its respective invoice.

How can I ensure that any changes or updates I make in existing invoices or vouchers do not impact the previously exported data for GST filing?

If you already exported the gst data and after that you made some changes in BUSY invoices in that case only BUSY data will be changed the exported data for gst will remain same as it was before
 If you still want to prevent it from any discrepancy in data you can take the latest backup of your data

Some transactions like purchase returns are not populating in the right sections of the GST return. Why does this happen and how can it be fixed?

Purchase returns need to be fixed in the correct GST section in BUSY because it affects the accuracy of GST reports and can lead to discrepancies in tax calculation. To see Purchase returns in righ section please make sure that you are checking GSTR 2 Return and also ensure that original voucher no. is enter in purchase return voucher.

The HSN code for the same item is showing two different codes one with digits and one with digits. What should be the correct HSN code?

HSN codes are used to classify goods for customs and tax purposes. The length of an HSN code can vary, and it typically depends on the level of detail required for classification. In some cases, the HSN code can have 6 digits, while in others, it can be extended to 8, 10, or 12 digits for more precise classification.

My profit and loss account shows a balance adjustment but I cannot identify the corresponding transaction causing it. How to find the reason?

If your Profit and Loss (P&L) account shows a balance adjustment but you can't identify the corresponding transaction causing it, here's how to find the reason:
 Step 1: Start by reviewing your P&L account in detail. Step 2: Check for Manual Adjustments
 Step 3: Review your journal entries for the specific accounting period Step 4: Reconcile Income and Expenses

Frequently AskedQuestions