Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I want to learn how to troubleshoot data mismatches in BUSY on my own. What is the recommended approach?
If you facing issue regarding mismatching of any report in BUSY you may check following things:
1: Check report in short range to finding out the mismatch date and reason.
2: After finding the date and voucher open then bill and check the party ledger or gst ledger impact in it.
How can I review the detailed tax breakup for each transaction to identify any errors in tax calculation?
To review the detailed tax breakup for each transaction in BUSY and identify any errors in tax calculation you can refer below report:
1 : GST sale/purchase Register or outward/inward register of GST report
2 : Account sale/purchase register with show bifurcation of amount from account books
I took a trade claim in the current month but it is not reflecting. Why is this happening?
If you took a trade claim in the current month but it is not reflecting, it could be because the claim needs to be entered in the previous month's return. Make sure to enter the claim in the correct month to ensure it reflects in the current month's return.
I want to know the status of party return filing. Where can I find this option in BUSY?
Want to know the party return filling status in BUSY follow the steps
Step1 Go to transaction menu and click on GST misc utilities
Step2 Click on check party return filling status
Step3 Select one party or all transacted party or self to view the report
The vendor invoice numbers are different in BUSY compared to actual invoices. Why am I seeing this discrepancy?
The discrepancy in vendor invoice numbers in BUSY compared to actual invoices may be due to incorrect data entry or mismatched voucher numbers. It is important to ensure that the invoice numbers entered in BUSY match the actual invoice numbers received from the vendors to reconcile the data accurately.
The business income I entered is not showing up correctly in tax audit reports. What could be the reason for this?
Without more information, it is difficult to determine the exact reason why business income is not showing correctly in tax audit reports. It could be due to incorrect data entry, missing information, or a software issue. It is recommended to review the data and consult with a tax professional
I want to view reports or data for a particular month. How can I filter or select the month I need?
To generate reports in BUSY, please follow below steps :
Step 1: navigate the display menu
Step 2 : select the specific reports
Step 3 : specify the specific date range and enable the bifurcation option
Step 4 : click on Ok and viwe the report
Why am I unable to separate out the sales details for unregistered parties vs registered parties for the month of June?
If you're looking at a report that displays only registered customers sales report, it means you're reviewing the B2B (business-to-business) data. Make sure to also examine another report that includes information on both B2B and B2C (business-to-consumer) transactions. This way, you'll have a comprehensive view of all sales details.
I want to cross-check and validate my GSTR- filing before submitting it. What is the process to do this comprehensive review?
To cross check and validate gstr1 then follow the given steps :
Step 1: Go to Dispaly menu
Step 2: Click on Gst reports
Step 3: Then click on gstr 1 report section
Step 4: Then check review of the invoice before submitting the return
How do I ensure that GST is applied only on my service charge or profit amount, not the full ticket value?
To ensure that GST is applied only to your service charge, you should verify the taxable amount and tax applied in the voucher. Alternatively, you can check the GST report for a breakdown of taxable amounts and taxes to confirm that GST is applied solely to the service charge.