Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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.
I want to adjust my IGST input credit against my output IGST liability. How can I do this adjustment entry 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 am trying to generate the GST report for a particular month, but it's not showing any data. What could be the reason, and how can I fix this?
to generate the GST report for a particular month follow these 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 Registers
Step 5: Look for the Gst Sales register Report option, and click on it to access this specific report
Step 6: There is option to the open report Bill Wise / Item Wise / Combined .
Step 7: you can select as Bill wise option .
Step 8: This report will display a breakdown or bifurcation of the output tax data based on tax rates
Step 9: specify the date range
I want to identify transactions that are reported in my GSTR- but not showing up in my GSTR-A. What is the process to do this reconciliation?
Here's a step-by-step process to help you identify transactions that are reported in your GSTR-1 but not showing up in your GSTR-2A:
Step 1: GSTR-1: This is your outward supply return. It contains details of all your sales transactions.
Step 2: GSTR-2A: This is the auto-generated purchase return that is populated based on the GSTR-1 filings of your suppliers.
Step 3: Export your GSTR-1 data in the required format (typically Excel or CSV).
Step 4: Download your GSTR-2A data as well from thetransaction menu and then GST misc. Utilities . Select download GSTR Data.
Step 5: Compare the invoice numbers from GSTR-1 and GSTR-2A
Step 6 : Compare data party wise in reports
Step 7: Once the missing invoices are reflected in your GSTR-2A, claim the Input Tax Credit based on these invoices.
