Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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 want to check how many items have been sold in a particular month in terms of different sale types like RGST item-wise and multi-rate. How can I get this sales analysis?
Check the total sales of a party for the MONTH year,please follow steps :
Step 1: Go to Display menu .
Step 2 : Select Sales Analysis .
Step 3 : Select option party wise
Step 4; click on Standard date /Voucehr wise option
Step 5 : click on okay and open the report.
Why are the CGST and SGST fields showing blank amounts while the full tax amount is reflecting only under IGST after I updated to the latest version?
if your CGST and SGST fields showing blank amounts and In under IGST fields amount showing proper amount for that you need to check that under CGST / SGST bill undry you need to tag account which is under group of duties & taxes if your configuratio was proper then automatically tax amount show under particular tax accounts
I am unable to find the option to mark purchases as ineligible for ITC claim in BUSY. What should I do to mark invoices as ineligible?
Here's how you can handle this within the software:
Step 1: Add Ineligible Purchases Separately
Step 2: Create a separate account within your accounts to track purchases that are ineligible for ITC.
Step 3: Select the ITC nature properly in voucher Entry
Step 4: Regularly reconcile your purchase records with your GST returns (GSTR-2A or GSTR-2B)
The tax payment I made last month is not reflecting correctly in the Balance Tax Payable section this month. Why is the carry forward calculation incorrect?
The issue with the carry forward calculation in BUSY's Balance Tax Payable section is due to incorrect adjustment entries of input and output on a monthly basis. This causes a difference in the ledger balance and balance tax payable.
it is important to review your data and ensure that all entries are accurate and properly reconciled to resolve.
I need to change the group/sub-group for certain transactions but it is not allowing me to do so directly. What is the process to change groups/sub-groups?
reate expense groups in the chart of accounts, follow these steps:
Follow Below Steps:
Step 1: Click on Administration
Step 2: then Master
Step 3: then Account
Step 4: Add/ Modify(Select that account master)
Step 5: change the group as Direct / Indirect expenses.
Step 6: Set the Tax Type as per master requirement and save .
What is the process to reverse input tax credit for goods returned in BUSY? Can I claim input tax credit for composition scheme in BUSY?
To reverse input tax credit, you can do two things:
1. If you want to return goods, you should use a purchase return.
2. If the goods are damaged, create a debit note for the supplier to reverse the tax credit.
Keep in mind that you can't claim tax credit for purchases from a composition dealer.
The B report used to show daily data but now it only shows monthly data. How can I change it back to daily?
If the GSTR 3B report only showing monthly data and you want want to set as per date
range or daily wise then follow the steps
1 Go to administration menu and click on configuration then click on feature option
2 then click to GST VAT option and make gst filling frequency from monthly to default and save