Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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
I need to unregister from GST. What is the process to follow in the software before unregistering?
Steps to Follow in Software Before Unregistering from GST:
Step 1: Before making any changes,Backup Your Data
Step 2: Review your financial records and ensure that all outstanding GST liabilities
Step 3: Update GSTIN Information
Step 4: Review and update customer and supplier records to reflect your new unregistered status.
Step 5: Adjust Input Credit Balances
What options do I have for grouping and sub-totaling GST reports by tax rates, voucher types etc?
To view the rate wise breakup in sale and purchase register follow below steps:
Step 1: Go to display option and select gst reports.
Step 2: Then select the gst register and the select supply outward register or supply inward register.
Step 3: Now after opening the report press F5 key to summary the report.
What is causing an error that says "UQC already exists" when filing GSTR returns in BUSY?
The error UQC already exists occurs when filing GSTR1 returns in BUSY if the UQC for a particular transaction already exists in the system. This means that there is a duplicate entry of the UQC for that transaction. To resolve this error, you need to ensure that each transaction has a unique UQC assigned to it.
Why is the HSN code wise sale register not showing the tax rate wise quantity breakup?
The HSN Code wise sales register report displays the data according the Hsn code.If you want to see the tax rate wise quantity in this report then you can added it through the custom column. Additionally, you can check the other Gst report which is related to tax rate wise quantity in the supply outward register.
The annual GST return is asking for previous year's closing balances. How can I find this information in BUSY?
To find the previous year's closing balances for annual GST return in BUSY, you can generate a Trial Balance report for the last day of the previous financial year. This report will show the closing balances of all accounts as of that date, which can be used as the opening balances for the current financial year.
I sold the same product to a customer multiple times but I'm unable to see the total quantity sold to that customer. Why don't I see the consolidated quantity for each customer?
see the consolidated quantity for each customer , 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.
How are debit notes and credit notes reflected in BUSY for GST reporting? What sections of GSTR should they come under?How do I add a new customer in BUSY?
To reflect debit credit note in GST report,do:
Step 1 : Create debit credit note entry
Step 2 : Link with original invoice
Step 3 : Update the relevant section
To add new customer in BUSY, go to:
Step 1 : CLick on administration
Step 2 : Masters
Step 3 : Account
Step 4 : Add