Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I made a payment but the account went from debit to credit balance. Why did this auto reversal happen?
This auto reversal happened because it was a regular tax adjustment under the reverse charge mechanism. The input tax available account that was debited earlier is now being credited, ultimately nullifying the effect of the account. The increase in the input tax available account will reflect in the payment under GST summary.
Why am I not able to see certain GST related options or features in BUSY after canceling GST registration?
GST Cancellation would not effect GST reporting in BUSY. Further, if want to remove GST number from your compant, then follow below mentioned steps:
Step 1: Go to Administration tab
Step 2: Go to feature & option and click on GST/VAT option.
Step 3: Remove GST number from the field and save.
Why am I unable to configure or apply any settings in the GSTR- report generated from the portal?
On the BUSY platform, you cannot directly configure or apply any settings a submitted GSTR-1. You will need to manually make the configure or apply any settings in the next GSTR-1 return. It is recommended to consult with your accountant or CA for assistance in processing the amendments on the government portal.
What options do I have to customize or change the orientation and layout of reports like GST reports?
The reports are defined in BUSY as per the government-required format, so there is no need to customise or change the orientation and layout of reports. If you need to customise or change the orientation and layout of reports, you need to do so with a solution partner or a channel partner.
I want to show the GST liability amounts for CGST and SGST separately in the balance sheet. What steps should I take?
To show GST liability amounts for CGST and SGST separately in the balance sheet, Here are the general steps you can take:
Step 1: Set up separate ledger accounts for CGST and SGST under the liability section.
Step 2 : tag same legders into the bill sundry of the CGST and SGST
Why are my business expenses being included along with purchases in the taxable amount calculation? I only want to see purchase GST.
To see the excluded Business expenses which being included on gst purchase in
taxable amount calculation you can follow the steps
Step1 go to display menu and click on gst reports
step2 Click on GST register
Step3 click on purchase register and set the date range and ok
I made a regular BB journal entry for GST but it is not showing in the GST summary. Where will it reflect?
If you entered B2B transaction and it is not showing in gst summary report , So there is some reasons for that :-
1: Select wrong GST Nature in journal voucher while entry , do select correct GST Nature.
2: Select correct Nature of transaction in registered expense window in voucher .
The call got disconnected can you help me to complete the GST sales register report I was running in BUSY ?
To Open the GST sales register report follow the steps
1 Go to display menu and click on GST reports then click on gst register
2 Click on GST sale register and click on combined
3 Click on Bill wise and select both B2B and B2C
4 select date range and ok
I am unable to properly enter GST output on my income. Can you guide me on the right process to follow?
to properly enter GST output on income please follow these steps
step 1: enter sales transactions for commission income then you can calculate GST.
step 2: go to the sales transaction and add new sales
step 3: select all relevant details in invoice
step 4: apply GST on invoice.
Some invoices are missing in the GSTR- draft being pulled from BUSY. How can I ensure all invoices are captured appropriately?
To verify the inclusion of all invoices in the GSTR-1, cross-check the sales data in the balance sheet with the GSTR data. If they align, it indicates that your data is accurate.
Further, if Gst data still not matched then check manually your data with the gstr data and correct it