Frequently Asked
Questions

Q: How can I ensure that my input tax credit is properly adjusted against my GST liability in the system?

For adjusting ITC input credit, please follow below mentioned steps Step 1: Go to Display menu and then GST report ,GST Summary. Step 2: Select the desired date range to open the report. Step 3: Press F4 key for input output adjustment and cross adjustment. Step 4: Make the payment of the GST output liabilitie to GST payable

Q: The BB and BC values in my GSTR report seem incorrect. Where can I see the breakup of all my sale vouchers?

To check breakup of B2B and B2C sale vouchers in BUSY follow the below steps: Step 1: Go to Display menu Step 2: Then click on Gst reports option Step 3: Then click on Gst register option Step 4: Then click on Sale register option Step 5: Here you can select B2B and B2C separately and review the biffurcation

Q: If I switch my company to composition scheme, can I still run it without collecting any GST? Will there be any issues?

Switching the GST scheme within the same company can create issues in your GST reports and returns. This is because the company's historical data, transactions, and invoices may not align with the new scheme's requirements.Creating a new company within your accounting software for the composition scheme is a way to maintain a clear separation between the two schemes.

Q: Why is the total purchase value different between the stock status report and GST summary report? How can I ensure they match?

To match the total purchase value between stock status and GST summary, you need to check the purchase data and ensure that it is correct. If there is a difference, you may need to update the data and check again. Additionally, you can check the HSN wise summary and compare the taxable values to ensure they match.

Q: Why am I unable to view GST details for the previous day in the software? It only shows current day's data.

If unable to view GST details for the previous day in BUSY, you need check date range which you have selected for generate and view GST reports. Specify the correct start and end dates to encompass the desired period. Once you have verified the date range, proceed to generate and view the GST reports for the specified period.

Q: I made a credit note to an unregistered dealer below lakhs value. Why is it not showing in table BC?

made a credit note to an unregistered dealer below 2.5 lakhs value but its not showiung under B2C because of Ensure that the total value of credit notes issued to unregistered dealers is below the threshold limit of 2.5 lakhs. If the total exceeds this limit, the transactions might be reported in a different section of the return.

Q: While opeing GSTR1 Exempt invoices reports not showing separately

To show the exempt or nil rated or zero rated invoices separately in GSTR1 report then follow the steps 1 Go to display menu and click on gst reports 2 Click on Gst returns then click gstr1 3 set the date range for report and enable show exempt NR ZR entries in taxable invoices separately then press ok

Q: How to Settle GST Summary

This can be done through passing a adjustment entry JV Step 1 : click on Display Step 2 : Click on GST reports Step 3 : Click on GST summarises Step 4 : Click on GST summary Step 5 : Now click F4 for posting adjustment of duty and save it amounts and masters BUSY will pick auto this will resolve your point.

Q: How do I generate GST report in BUSY

You can easily generate GST Reports in BUSY by following these simple steps: Step 1: First, open the Display menu and select GST Reports. Step 2: Next, you will see a list of different GST Reports options, such as GST Summaries, GST Return, GST Register, and more. Step 3: Finally, choose the option that suits your needs and view the report.

Q: I need to separate my exempt and taxable purchases in the reports. Is it possible?

To view exempt and taxable purchase in report, you need to follow these steps: Step 1: Go to Display menu and click on GST Reports. Step 2: Select GST Summaries and choose Purchase Type Summary. Step 3: Enter the date range and open the report. This report will show you purchase data on the basis of purchase type.

Find Solutions to Common Issues Related to taxation - gst reports

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How can I ensure that my input tax credit is properly adjusted against my GST liability in the system?

For adjusting ITC input credit, please follow below mentioned steps
 Step 1: Go to Display menu and then GST report ,GST Summary.
 Step 2: Select the desired date range to open the report.
 Step 3: Press F4 key for input output adjustment and cross adjustment.
 Step 4: Make the payment of the GST output liabilitie to GST payable

The BB and BC values in my GSTR report seem incorrect. Where can I see the breakup of all my sale vouchers?

To check breakup of B2B and B2C sale vouchers in BUSY follow the below steps:
Step 1: Go to Display menu 
Step 2: Then click on Gst reports option 
Step 3: Then click on Gst register option 
Step 4: Then click on Sale register option 
Step 5: Here you can select B2B and B2C separately and review the biffurcation

If I switch my company to composition scheme, can I still run it without collecting any GST? Will there be any issues?

Switching the GST scheme within the same company can create issues in your GST reports and returns. This is because the company's historical data, transactions, and invoices may not align with the new scheme's requirements.Creating a new company within your accounting software for the composition scheme is a way to maintain a clear separation between the two schemes.

Why is the total purchase value different between the stock status report and GST summary report? How can I ensure they match?

To match the total purchase value between stock status and GST summary, you need to check the purchase data and ensure that it is correct. If there is a difference, you may need to update the data and check again. 
 Additionally, you can check the HSN wise summary and compare the taxable values to ensure they match.

Why am I unable to view GST details for the previous day in the software? It only shows current day's data.

If unable to view GST details for the previous day in BUSY, you need check date range which you have selected for generate and view GST reports. Specify the correct start and end dates to encompass the desired period. Once you have verified the date range, proceed to generate and view the GST reports for the specified period.

I made a credit note to an unregistered dealer below lakhs value. Why is it not showing in table BC?

made a credit note to an unregistered dealer below 2.5 lakhs value but its not showiung under B2C because of Ensure that the total value of credit notes issued to unregistered dealers is below the threshold limit of 2.5 lakhs. If the total exceeds this limit, the transactions might be reported in a different section of the return.

While opeing GSTR1 Exempt invoices reports not showing separately

To show the exempt or nil rated or zero rated invoices separately in GSTR1 report 
then follow the steps 
1 Go to display menu and click on gst reports 
2 Click on Gst returns then click gstr1 
3 set the date range for report and enable show exempt NR ZR entries in taxable 
invoices separately then press ok

How to Settle GST Summary

This can be done through passing a adjustment entry JV
Step 1 : click on Display
Step 2 : Click on GST reports
Step 3 : Click on GST summarises
Step 4 : Click on GST summary
Step 5 : Now click F4 for posting adjustment of duty and save it amounts and masters BUSY will pick auto this will resolve your point.

How do I generate GST report in BUSY

You can easily generate GST Reports in BUSY by following these simple steps:
Step 1: First, open the Display menu and select GST Reports.
Step 2: Next, you will see a list of different GST Reports options, such as GST Summaries, GST Return, GST Register, and more.
Step 3: Finally, choose the option that suits your needs and view the report.

I need to separate my exempt and taxable purchases in the reports. Is it possible?

To view exempt and taxable purchase in report, you need to follow these steps:
 Step 1: Go to Display menu and click on GST Reports.
 Step 2: Select GST Summaries and choose Purchase Type Summary.
 Step 3: Enter the date range and open the report.
 This report will show you purchase data on the basis of purchase type.

Frequently AskedQuestions