Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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.
How can I get the quarterly GST reports from BUSY that I used to get earlier? The format seems different now.
To get quaterly 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 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.
I am unable to find the option to generate GST reports in BUSY. What is the path to access GST reports?
To find the option to generate 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 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 GST summary.
Step 8: Click Print to generate a hard copy of the report.
I want to download GST reports from the portal but am unable to. What steps should I take?
To download GST reports from the portal, follow these steps:
Step 1 : Log in to the GST portal using your credentials.
Step 2 : Navigate to the Reports section.
Step 3 : Select the type of report you want to download (e.g., GSTR-1, GSTR-2, GSTR-3).
Step 4 : Choose the desired date range for the report.
Step 5 : Click on the Download or Generate button to initiate the report generation.
Step 6 : Once the report is generated, you can download it in the desired format (e.g., PDF, Excel).
If you are still unable to download the reports, please check your internet connection and ensure that you have the necessary permissions and access rights on the portal. If the issue persists, you may need to contact the GST portal's technical support for further assistance.
I want the opening and closing values to match after adjustments. What entries will help me achieve this?
To ensure that the opening and closing values match after adjustments, you may need to make adjusting entries to rectify any discrepancies. Follow the below steps for GST adjustment entry:
Step 1: Go to Display section then click on GST Report option.
Step 2: Now choose GST summary then specify date range of particular month and open the report.
Step 3: You can press F4 key on GST Summary to post various GST Adjustment & GST Payment voucher. On pressing the F4 key, a message box appears in which you are required to select the option for which you want to post the voucher. If there is a credit balance, you will need to pay the tax to the government. Conversely, if there is a debit balance, it will be carried forward to the next month.
