Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I'm unable to reconcile the differences between R and BB accounts. What should I check to find the reason for the difference?
If you face issue regarding the difference between GSTR 1 and B2B Accounts then you can run one Utility that is Update Voucher GST Summary and for this you can follow some steps:
Step 1- Take the backup of your concern company.
Step 2- Open your company and go to...
I am unable to generate a detailed sales report with information like item name, quantity, rate, GST number, etc. How can I customize or configure the sales report to add the required columns?
To generate a detailed sales report with information like item name, quantity, rate, GST number, etc. You need to add custom column for some field and make sure you are using Standard or Enterprice model of BUSY as in basic model Custom column option is not available.To see Sale report...
While tagging monthly ITC as per GSTR-2B Reconciliation, previous year pending ITC is Not showing.
While tagging monthly ITC as per GSTR-2B Reconciliation and previous year pending ITC is Not showing follow the below steps:
Step1: Check pending ITC as per GSTR 2B in the previous financial year if it is available. To switch the financial year go to Administration ->Change Financial Year and Select...
I wants to carry forward input credit to next month after adjusment of all entries of it in current month in gst summary?
In BUSY you can do cross adjustment entries for tax at the end of every month as remaining balance is carried to opening of each next month.So to adjust input output in BUSY follow these steps
Step 1 Go to display and then go to gst reports
Step 2 Select...
How do I ensure that when I carry forward input credit to the next month, it reflects correctly in my GST reports?
In BUSY you can do cross adjustment entries for tax at the end of every month as remaining balance is carried to opening of each next month.So to adjust input output in BUSY follow these steps
Step 1 Go to display and then go to gst reports
Step 2 Select...
There is an error in one of the GSTR- fields uploaded by the software. How do I correct this error before filing my returns?
If there is an error in one of the GSTR-1 fields uploaded by the software, you need to follow the below steps:
Step 1: Go to the Display menu and click on GST report, then GST return, and select GSTR1 E return.
Step 2: Define the date range and click...
What data does the GST report contain in BUSY (sales, purchases, input credit, etc.)?
The GST report in BUSY contains diverse information related to your transactions and according to the GST guidelines and sections.Some of the information are mentioned below:
Step 1:The GST Identification Number of the taxpayer or business entity.
Step 2: Summary of Outward Supplies which is the total value and tax...
What general accounts master should I use for accounting of GST in BUSY?
In BUSY, you can use the following general accounts master for accounting of GST:
1. Input Tax Credit (ITC) : CGST,SGST and IGST output under group of duties and taxes all master are used to record the GST amount that you can claim as a deduction on your purchases.
2....
How can I correct errors in invoice details like tax rate, state etc before filing GST return?
To correct errors in invoice details like tax rate, state etc before filing GST return, you need to follow steps:
Step 1: Go to the Display menu and click on GST report, then GST return, and select GSTR1 E return.
Step 2: Define the date range and click on the...
I made some amendments to last year's BB invoices this year. How do I show these amendments properly in BUSY?
To show amendments made to last year's B2B invoices in BUSY, you need to update the invoices in BUSY and save them. The changes will then be reflected in the updated invoices.You can run Update Voucher GST Summary but you need to follow some steps:
Step 1- Take the backup...
