Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
How to handle mismatches between returns and actual credits available?
To handle mismatches between returns and actual credits available, you can follow these steps:
Step 1: Go to Display and then go to GST reports.
Step 2: Then click on GST registers.
Step 3: Select Electronic Cash/Credit ledger and reconcile the differences between the returns and actual credits
How to check supply outward report in BUSY software?
If you want to check supply outward report in BUSY please follow these steps:
Step 1: Go to display menu
Step 2: Then click on gst reports
Step 3: Then click on gst registers
Step 4: Afterwards click on supply outward register
Step 5: Then you can view the supply outward report
What are the different GST report types available?
In BUSY, you can access multiple GST reports by following these steps:
Step 1: Go to Display section then click on GST report
Step 2: After click on GST report, multiple section will display like GST summary , GST return ,GST register , GST other register and GST audit report.
I am unable to add tax-exempt sales in the proper section in GSTR- filing. The amounts are getting added to the taxable value section. How can I fix this?
To resolve this and ensure accurate GSTR-1 reporting, follow these steps:
Step 1: Double-check your transaction entries to ensure that tax-exempt sales are tag correctly to exempt.
Step 2: Update the tax type and tax categories
Step 3: edit those transactions to reclassify them correctly as exempt.
I want to book an expense in the previous month but the transaction happened in the current month. How can I adjust the entry in the last month?
want to adjust previous month's expenses in BUSY, you can pass an adjustment or provisional entry for the specific expense account and date. This can be done by selecting the Debiting the Expenses and Crediting the Party / Creditor Account OR Liability Account and entering the necessary details
I am unable to export my GSTR- file even though I have created the template and saved it. What could be the reason for this error?
unable to export GSTR-1 file even though have created the template and saved it then 1.make sure the template path is corect or not.
2.make sure that the template you are using are upto date
3.make sure that the date range is correct to generate GSTR1 report
The GST credit in my ledger is showing higher than expected. Why is there a difference of Rs. , when it should only be Rs. ,?
The difference in higher GST credit than expected in BUSY ledger could be due to incorrect data entry or mismatch in GST portal data. To fix this, check the data entered in BUSY and compare it with the GST portal data. Make necessary corrections and reconcile the ledger.
What is the process for making payment entry after GST payable so that it does not show as payable in the next month?
You have to enter payment voucher from transaction on the last date of the month in order for making payment entry after GST payable so that it will not show as payable in next month.
As have to Debit the GST payable ledger and credit your cash/bank account.
I need to void or cancel a credit note that was issued in error. How can I do this in BUSY? When I download the GSTR-A and B JSON files from the GST portal, how do I import them into BUSYGST for reconciliation?
To cancel voucher open the credit note voucher press Ctrl + X cancel voucher.
To download GSTR 2A and 2B :
Step 1 : CLick on transactions
Step 2 : GST misc utilities
Step 3 : Download GSTR 2a and 2b
Step 4 : Reconcile it
What additional features are available in the BLS version compared to the standard desktop software?I am unable to generate accurate GST reports in BUSY. What steps should I take to troubleshoot and resolve this issue?
BLS version provide many features which can be used if you have active BLS. For gst report, check:
Step 1 : Check gst confgiuration
Step 2 : check data entry
Step 3 : GSTIN validation
Step 4 : HSN codes
Step 5 : CHeck output input amount