Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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.
Why am I unable to do cross-utilization of input IGST credit against output CGST and SGST liability in BUSY?
Here's a general process for cross-utilization of input IGST credit against output CGST and SGST liability in BUSY:
Step 1: Open the GST Summary section
Step 2: While in the GST Summary, press the F4 key on your keyboard.
Step 3: Select Adjustment or Payment Option
Step 4: A message box will appear, allowing you to select the type of voucher you want to post.
Step 5 : The available options typically include Cross Adjustment.
Step 6: Select this option when you need to make adjustments to your GST data.
Step 7: After selecting the voucher type, you'll be prompted to enter the necessary details. Step 8: Once you've entered the required information, save and post the voucher.
Step 9: This will update your GST ledger and balances based on the adjustments or payments made.
I need to know which HSN codes have % free items in BUSY. How can I generate this report?
I need to know which HSN codes have 12% free items in BUSY , but you need to filter free item from the report , please follow the below steps :
Step 1: Once you are logged into the software, look for the Display menu.
Step 2: Within the Display menu, you should find a submenu or option related to GST Reports.
Step 3: Click on it to proceed.
Step 4: In the GST Reports section,Look for the option labeled GST Other Reports
Step 5: Look for the HSN wise Summary Report option, and click on it to access this specific report
Step 6: Review the Bifurcation of Tax Data and Genate the report .
Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates
How can I get the details of my GST returns to show up accurately in the BUSY?
To generate accurately GST Returns report in BUSY.
Step 1: Check BUSY latest version and Release.
Step 2: Take Backup.
Step 3: Go to House - Keeping Menu.
Step 4: Click on Update Master Balances
Step 5: And Run update master balances & update voucher GST Summary.
Step 6: Go to Display Menu.
Step 7: Click on GST Reports option.
Step 8: Click on GSTR-1 GSTR-3B and select required options Starting date & Ending date.
Step 9: Click on OK
Step 10: Verify GST Configuration Settings.
Step 11: Cross-Check Input Data. Double-check the data entered for GST transactions. Ensure that all relevant details are accurately recorded to reflect in the GSTR-3B report.
Step 12: If you want return GSTR1 direct from BUSY select GSTR-1 eReturn, and to generate GSTR-3B JSON file select eReturn GSTR-3B.
I am unable to download the quarterly GST reports from the portal. How can I resolve this?
To download the quarterly GST reports from the portal, you need to follow the below steps:
Step 1: First, confirm that the GST portal user name should be mentioned in the GST/VAT option. To confirm this, go to Administration, then select Configuration, then select Features & Options, then select the GST/VAT option in which you have to mention the GST portal user name.
Step 2: Then you need to set API access from your GST portal and download the quarterly GST reports.
Step 3: Login to your GST portal and go to the profile. Click on the Manage API Access option, then give it 30 days of access.
Step 4: Open a company go to the GST misc. utilities option and open the download GSTR json data report and download the quarterly GST reports report.
How can I adjust Input Tax Credit between CGST, SGST, and IGST in BUSY? What is the process to do this?
Here's a general process for cross-utilization of input IGST credit against output CGST and SGST liability in BUSY:
Step 1: Open the GST Summary section
Step 2: While in the GST Summary, press the F4 key on your keyboard.
Step 3: Select Adjustment or Payment Option
Step 4: A message box will appear, allowing you to select the type of voucher you want to post.
Step 5 : The available options typically include Cross Adjustment.
Step 6: Select this option when you need to make adjustments to your GST data.
Step 7: After selecting the voucher type, you'll be prompted to enter the necessary details. Step 8: Once you've entered the required information, save and post the voucher.
Step 9: This will update your GST ledger and balances based on the adjustments or payments made.
Can we check or validate mutiple GSTIN in bulk and can we export party account list with GSTIN in excel
A: Yes, please follow the below steps to validate multiple GSTIN in bulk :
Step 1: Go to Transaction menu
Step 2: Click on gst misc. utilities
Step 3: Press enter on validate GSTIN online
Step 4: Click on multiple GSTIN then select all master/group of account master
Step 5: then load data and the select all then validate
B: Yes, Please follow the below steps:
Step 1: Go to administration menu
Step 2: Click on master
Step 3: Press enter on account option
Step 4: Click on list then click on screen and standard
Step 5: Select All account/group of account
Step 6: Specify Y for show gst details and then press alt+E
Step 7: Select format Excel then specify the export file location and then export
How can I resolve the issue of incorrect GST summary showing in BUSY?
If your GST summary is showing incorrect figures please follow these steps to get this resolved:
Step 1: Make sure you have entered all the transactions correctly
Step 2: Ensure that you have applied the tax in all the vouches in a correct way
Step 3: After that take a backup of your data then open your company and go to house keeping menu and run update voucher GST summary
Step 4: Then again check the GST summary report
Step 5: If figures are showing correct do the further process
Step 6: If still wrong figures is showing you need to check GST summary report in short range
Step 7: Find the date from incorrect figures is start showing
Step 8: Open the daybook for that day and check the entries and try to find the error and solve it acordingly
How do I post GST adjustment entries properly on a monthly basis?
To post GST adjustment entries properly on a monthly basis have to follow below steps:
Step 1: Go to Display then click on GST reports.
Step 2: Then Click on GST Summaries.
Step 3: Under GST summaries click on GST summary then select the monthly date range.
Step 4: Check the Tax Payable with payment details columns.
Step 5: Under above column first thing that your IGST, CGST and SGST Balance Tax Payable and Ledger Balance should be matched with similar.
Step 7: Check if anyone of these ledger balance is showing into Credit so you have to make GST adjustment entry.
Step 8 Then press F4 Post the adjustment entries which is Input output adjustment then Cross adjustment.
Step 9: If any credit still remaining in the columns then post regular gst payment voucher.
