Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I made a payment to the government for GST, but I'm not sure how the amount was calculated. Can you explain how GST payments are calculated in BUSY?
The GST payment is calculated on the basis of GST new rule set off by the government. The ITC credits of IGST should be first used to pay off liabilities under IGST and the balance credit in IGST can be used for paying CGST and SGST/ UTGST liabilities in any order.
When trying to show my accountant an issue in BUSY over screen sharing, my cursor stopped working. What can cause this and how do I fix it?
There could be several reasons for GST tax missing in the software despite correct filing.
Step 1 : It is important to check for any missed entries or errors in the data.
Step 2 : It is also recommended to reconcile the software data with government data to ensure accuracy.
The invoice shows the same item twice but with different quantities and values. What could be the reason for this and how can I correct it?
To void or delete an incorrect invoice in BUSY, you can open the invoice and select the particular row to void or delete it. Or press the F9 key will hide the details and remove it from the invoice . And to you can modiify the invoice and save the changes.
What options do I have in BUSY to export GST return data in a customized format showing party name? The default export only has GST number.
To export GST data with party names in BUSY, To customize columns in BUSY's GST return data, you can use the custom column feature. Click on custom column, add a new column name, position, and type, and specify the category from where it will pick the details. Then save the changes.
When creating a local transaction in BUSY, I am getting an error saying "You have entered local transaction for party belonging to other states." Why am I getting this error for a local transaction?
while creating a local transaction in BUSY, getting an error saying You have entered local transaction for party belonging to other states the reason is that your party which is selected in invoice is belongs to another state and you select sales type as local so that's why error showing.
The tax rate report format I'm seeing is different than what I'm used to. Why am I seeing a different format and how can I get the previous version with the correct columns?
A tax rate report and you want to revert to the previous version with the correct columns, here are some steps you can consider:
Step 1: Ensure that you are using the most up-to-date version of the software
Step 2: Review the software's documentation, user manuals, or help resources.
There seems to be an issue with voucher entries made in a particular month. How can I debug and check entries for a specific date range?
you can follow these steps:
Step 1: Open the GST report and GST Returns that you want to export.
Step 2: Look for the date option, which is usually located in the toolbar or menu.
Step 3: Select the desired date.
Step 4: View the report .
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What should I check to reconcile the ITC balance shown in my GST return with the purchase bills entered?
To reconcile the ITC balance shown in your GST return with the purchase bills entered, you should check for any data entry errors in the purchase bills, ensure that all purchase invoices are entered correctly, and verify that the available ITC matches the ITC amount shown in the GST return.
Why does downloading GST files into BUSY Software not work smoothly when using remote access compared to local installation?
Downloading GST files into BUSY may not work smoothly when using remote access compared to local installation due to permission restrictions. When accessing BUSY remotely, there may be limitations on downloading external files from the GST portal into the software. This can hinder the smooth functioning of the download process.
How do I check if the taxable value and tax amount are correctly captured in BUSY for GST filing?
BUSY will automatically calculate the taxable value and tax amount based on the sales/purchase type selected in the voucher. However, it is advisable to cross verify the data manually to ensure accuracy. Additionally, you can cross check the sales register with GST bifurcation from the GST report for further validation.