Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
How can I get an itemised breakdown of my sales tax using BUSY? What reports should I run?
To view GST split up from total sales follow these steps:
Step 1: Launch BUSY GST Software.
Step 2: Go to the Display menu.
Step 3: Select GST Reports.
Step 4: Choose GST Summary from the available options.
Step 5: Within the GST Summary report, you will find options for various sales reports, including Item Wise Sales Summary, Party Wise Sales Summary, and Sale Type Wise Sales Summary.
Step 6: Select the relevant sub-report based on your requirements. For a 5% GST summary, you might choose Item Wise Sales Summary or another appropriate option that provides the bifurcation of tax rates.
Step 7: In this selected report, you will find the bifurcation of sales data based on different tax rates, including the 5% GST summary.
Step 8: Click Print to generate a hard copy of the report.
I am trying to generate a GST summary report to see the breakup of expenses and purchases for tax purposes. However, the report is not showing the detailed breakup I need. What should I do to get the full breakup?
Detailed breakup of expenses and purchases that you need for tax purposes, you can try the following steps to get the desired information:
Step 1: Launch BUSY GST Software.
Step 2: Go to the Display menu.
Step 3: Select GST Reports.
Step 4: Choose GST Summary from the available options.
Step 5: Within the GST Summary report, you will find options for various sales reports, including Item Wise Sales Summary, Party Wise Sales Summary, and Sale Type Wise Sales Summary.
Step 6: Select the relevant sub-report based on your requirements. For a 5% GST summary, you might choose Item Wise Sales Summary or another appropriate option that provides the bifurcation of tax rates.
Step 7: In this selected report, you will find the bifurcation of sales data based on different tax rates, including the 5% GST summary.
Why are my BB and BC values showing differently between my data and the portal data? How can I check where the mismatches and differences are between my data and the portal data?
B2B and B2C values showing differently between your data and GSTdata
because of the rund off amount or any other charges selected in bill sundry of invoice who not taged in any sales or purcase account so it will be create diiference in taxable value
For check mismatches and differences are between your data and the portal data please follow the below steps
step 1: go to the GST reports under Display
step 2: click on GST audit report and open reconcile accounts & GST
step 3: there you can reconcile account and GST for sales, purchase and accounting voucher
step 4: slect any option of those and mentioned start and end date and open report there you can see mismatch and differences are between your data and the portal
When generating the GST Summary Report in BUSY, I'm unable to see the tax amounts split by inward and outward supply. What settings do I need to adjust to view this breakdown?
generating the GST Summary Report in BUSY , follow these steps:
Step 1: Launch BUSY GST Software.
Step 2: Go to the Display menu.
Step 3: Select GST Reports.
Step 4: Choose GST Summary from the available options.
Step 5: Within the GST Summary report, you will find options for various sales reports, including Item Wise Sales Summary, Party Wise Sales Summary, and Sale Type Wise Sales Summary.
Step 6: Select the relevant sub-report based on your requirements. For a 5% GST summary, you might choose Item Wise Sales Summary or another appropriate option that provides the bifurcation of tax rates.
Step 7: In this selected report, you will find the bifurcation of sales data based on different tax rates, including the 5% GST summary.
Step 8: Click Print to generate a hard copy of the report.
I am confused about how to account for a credit/debit note adjustment given by the supplier in BUSY. Which module and what entries should be made?
for entered accounting entries credit/debit note adjustment given by supplier in BUSY you have standard or enterprises modual for that, you need to entered credit/debit note without item entry under transaction menu for that follow these steps
step 1: open credit/debit note without item entry under transaction menu
step 2: select series, date and voucher number and then select GST nature as cr. note received against purchase
step 3: then select party name in dr. side and in credit side you can select GST and purchase account with relevant amount and save transaction
step 4: while save transaction, one screen appeared adjustment of debit note credit note there you can select all the relevant details like invoice no, date, HSN, unit, taxable amount, tax rate, tax value and last transaction nature , then save transactions.
How do I match GST summary Sales to P&L Sales?
To fix the mismatch between your GST summary’s sales amount and your profit & loss sales amount, follow these steps:
Step 1: Open the GST Audit Reports and select “Reconcile Accounts & GST” report. If you see any voucher there, correct the mistake in that voucher. The report should be blank.
Step 2: Verify that the discount and other charges in the bill sundry are entered correctly.
Step 3: Verify that the accounting configurations in the bill sundry are correct as per your requirements.
Step 4: Ensure that the tax is applied properly in the vouchers.
Step 5: Compare both reports in a short range and find the date when the mismatch occurs.
If you need any assistance you can also reach out to us on our 24X7 helpline number: 8282828282 or 011 40964096. You can also email us your query at support@busy.in.
Why can't I generate year-end tax reports in BUSY?
There could be several reasons why you are unable to generate year-end tax reports in BUSY. Some possible reasons could be:
1. Incorrect date range: Make sure you are selecting the correct date range for the year-end tax reports. Double-check that you are selecting the start and end dates of the financial year accurately.
2. Missing data: Ensure that all the necessary data for generating the year-end tax reports is entered correctly in the software. Check if any transactions or information are missing or incomplete.
3. Software version: Verify that you are using the latest version of BUSY. Older versions may have limitations or bugs that prevent the generation of year-end tax reports.
4. Permissions and access rights: Check if you have the necessary permissions and access rights to generate year-end tax reports.
How do I export GST reports from BUSY
To export GST reports from BUSY, follow these steps:
1. Open BUSY software and log in to your account.
2. Go to the Reports section or navigate to the GST Reports tab.
3. Select the specific GST report you want to export, such as GSTR-1, GSTR-3B, or GSTR-9.
4. Set the desired date range for the report.
5. Click on the Export or Download button, usually located at the top or bottom of the report.
6. Choose the file format in which you want to export the report, such as Excel (XLS) or PDF.
7. Specify the destination folder where you want to save the exported file.
8. Click on the Export or Download button to initiate the export process.
9. Once the export is complete, you can access the exported GST report in the specified folder.
I want the GST reports in the same format I received previously. Why am I seeing different options now in BUSY?
To get previous GST reports in BUSY,, follow these steps:
Step 1: Launch BUSY GST Software.
Step 2: Go to the Display menu.
Step 3: Select GST Reports.
Step 4: Choose GST Summary from the available options.
Step 5: Within the GST Summary report, you will find options for various sales reports, including Item Wise Sales Summary, Party Wise Sales Summary, and Sale Type Wise Sales Summary.
Step 6: Select the relevant sub-report based on your requirements. For a 5% GST summary, you might choose Item Wise Sales Summary or another appropriate option that provides the bifurcation of tax rates.
Step 7: In this selected report, you will find the bifurcation of sales data based on different tax rates, including the 5% GST summary.
Step 8: Click Print to generate a hard copy of the report.
I need the consolidated GST report with all sections like before. Why am I only able to see separate reports now?
To get previous GST reports in BUSY,, follow these steps:
Step 1: Launch BUSY GST Software.
Step 2: Go to the Display menu.
Step 3: Select GST Reports.
Step 4: Choose GST Summary from the available options.
Step 5: Within the GST Summary report, you will find options for various sales reports, including Item Wise Sales Summary, Party Wise Sales Summary, and Sale Type Wise Sales Summary.
Step 6: Select the relevant sub-report based on your requirements. For a 5% GST summary, you might choose Item Wise Sales Summary or another appropriate option that provides the bifurcation of tax rates.
Step 7: In this selected report, you will find the bifurcation of sales data based on different tax rates, including the 5% GST summary.
Step 8: Click Print to generate a hard copy of the report.
