Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
what is HSN sumary Report and where we can view this Report.
In Hsn summary Report you can view data hsn code wise.
For view Hsn summary Report please follow these steps:
1. Go in Display then go in Gst Report
2. Then Go in Gst other Report then Hsn wise summary Report
3. Select Inward or outward as per your then mention date range and open Report
How do I generate custom reports by date in BUSY?
BUSYoffers a variety of reports related to accounting, inventory, GST, and more. You can access these reports from the Display menu and choose the one that meets your needs. You can also apply filters, sorting, and grouping options. You can also export the reports to different formats, such as Excel, PDF, etc.
What are the steps to export GSTR from BUSY?
To export GSTR 1 from BUSY, follow these steps:
Step 1: Go to Display tab and click on GST Reports.
Step 2: Select GST Return and then GST Returns.
Step 3: Choose the required return such as GSTR 1, GSTR 3B and can generate return by JSON, CSV, as per Govt Template and Plain Excel.
I want to check if my recent GST filing submissions reflect in the portal. What steps should I follow to view my latest GST filings?
Steps to view the filled return on gst portal.
Step 1: Open your browser and open www.gst.gov.in. The GST Home page is displayed.
Step 2: Login to the GST Portal with valid credentials.
Step 3: Click the Services option then click on Returns
Step 4: Under Returns select Filed Returns option.
I am trying to generate reports for the full financial year. However, the reports are not showing complete details. What should I do?
while trying to generate reports full finnacial years, reports not showing complete details for that you need to ensure while generating report after mentioned start and ending date you need to select other relevant details or you can add details that you want to see in report with help of custom column
How is the credit balance calculated in the GST summary? Should output tax not be nil at the start of a new financial year?
The credit balance in the GST summary is calculated based on the input tax credit (ITC) and output tax (OT) amounts that you've reported in your GST returns. The calculation of the credit balance is as follows:
Credit Balance = Total Input Tax Credit (ITC) - Total Output Tax (OT)
There's a delay in updating GST rates in the software; for instance, the % GST rate doesn't change instantly. What could be the reason?
Here are some possible reasons for the delay:
Step 1: New GST rates may not be immediately available in your software.
Step 2: Gst rates changes have to update manually .
Step 3 : Using Bulk updation process we can update the tax rate changes in the item master .
Why is the service charge amount being reflected under GST values? Shouldn't it be in non-GST values?
The service charge amount is being reflected under GST values because on service charge
item master or account ledger the tax type mentioned if you dont want to show it under
GST value then make tax category exempt or non gst
No service charge is a taxable service
Why is the system showing differences in my CGST, SGST and IGST balances after making adjustment entries?
The system may show differences in CGST, SGST, and IGST balances after making adjustment entries due to various factors such as incorrect data entry, mismatched closing balances, or errors in the adjustment calculations. It is important to review and verify the entries and calculations to ensure accuracy and resolve any discrepancies.
I entered my vouchers in input service but they are not showing in BB invoices, why?.
After entered vouchers in input service but they are not showing in B2B invoices because of while entered purchase transactions for input service need to ensure that selected purchase type if you select purchase type as exmpted or nill rated, then vouchers show under nill rated invoice - 7A, 7B section