Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
How can I change the default account or group for a transaction type like discounts in BUSY?
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 .
Why am I unable to find the options for entering non-creditable GST and AGS tax in BUSY?
AGS tax not available in BUSY
for entering non-creditable GST tax in BUSY follow the below steps
step 1: while entered purchase transaction select ITC eligibility as Section 17(5)-Ineligible ITC for non creditable GST
step 2: entered all relevant deatils in transaction like item details , qty , price and tax then save transaction
The tax amount is showing as in my sales voucher. Why is the tax not calculating correctly?
If the tax amount is showing as 0 in your sales voucher, please follow below steps :
Step 1: Double-check the tax rates or rates applied to the sales voucher.
Step 2: Verify if the sales transaction is exempt from tax
Step 3: Review the sales voucher for any input errors, such as incorrect amounts, quantities
There seems to be a rounding off difference in the values. How can I correct this?
showing rounding off difference in the values for resolved that issue follow these steps
step 1: you can select round off manually in bill sundry of particular transaction and mention value of round off.
step 2: or you can enabled auto round off option from voucher series configuration then round off automatically calculate while saving transaction.
How should I enter the late fee payment made separately from the tax payment amount?
Here are steps to correctly record a payment towards late fees:
Step 1 : Create or choose an expense account specifically for late fees.
Step 2: create a new transaction to record the payment.
Step 3: Enterc the account details an d mounts
Step 4: apply tax correctly
Step 5: save the payment voucher
How can I customize and create expense groups in the chart of accounts?
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 .
Why are some of my expenses not reflecting in the GST reports?
There could be several reasons why some expenses are not reflecting in the reports in BUSY Accounting software, such as incorrect tagging of expenses, incorrect gst nature selection, not selecting the appropriate ledger account, or not properly adjusting GST input credit. It is important to review and reconcile expenses periodically to ensure accuracy and troubleshoot any discrepancies.
How do I record advance payments from customers with GST in BUSY?
To record advance payments from customers with GST in BUSY, follow these steps:
Step 1: Add new sales vouxcher from transaction menu
Step 2: Enter Customer Details
Step 3: Enter the Monut and other relavant details
Step 4 : Enter the GST amount with the advance payment.
Step 5 : Save the sales voucher.
How do I filter reports to show specific data?
To filter reports to show specific data in BUSY, you need to follow these steps:
Step 1: Open the required report and click on Filter button or press F7 for filter the report.
Step 2: You can select either Single Filter or Multiple Filter.
Step 3: Then, you need select the field, operator and value and can filter the report.
What is the process Re Download GSTR Json Data
for Redownload GSTR Data See the following Step
Step 1: Go to Transction Click on GST Misc Utlities
Step 2: Click on Download GSTR Json Data
Step 3: Now Select the option Which file want to download
Step 4: Select the month and click on Redownlod option
Step 5: Save the configuration