Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
How can I differentiate between amounts with and without GST?
To differentiate between amounts with and without GST, you can check if the invoice or bill mentions the GST amount separately or if it is included in the total amount. If the GST amount is not mentioned separately, then the amount is inclusive of GST.
What all statutory reports can be generated from BUSY?
There are various statutory reports available in BUSY such as:
Gst reports: GSTR1, GSTR2, GSTR3B, GSTR9, GSTR-ITC-04, GSTR6, Gst audit report, gst other report
Gst Returns: GSTR1 e-return, GSTR3b e-return, GSTR-ITC-04 e-return and GSTr6 e-return
TDS report: Tds Deduction report, Form26Q, Audit report
TCS report: Tcs collection details, Form27EQ,
When I download the R report, it is showing the name of a different company in the shipping address instead of my company name. What do I need to do to get my company name to show up properly?
in GSTR 1 report the address details show of the buyer parties not our company address details.
1. open relevant entry which is shipping address showing wrong.
2. mentioned correct shipping address in billing shipping window who appeared after selecting party then save it.
I need the complete breakdown of my purchases and sales with tax rates and dates in my trading account. What options do I have to get this detailed report?
You can view the GST register with the breakdown of taxable and tax amoutn from the below steps.
Step 1: Click on Display
Step 2: Then GST Reports
Step 3: Then GST Register
Here open the report and can check the as per your requirement.
The BUSY software is not showing me the tax rates for each HSN code in my GST report. How can I see the tax percentage for each HSN code?
To view missing tax rates for HSN codes in GST report in BUSY, go to
Step 1 : CLick on display
Step 2 : GST Reports
Step 3 : Select GST Summary, select the desired month, and enable the option Show tax rate wise bifurcation.
I need to show my March GST liability in my balance sheet but have already adjusted against input credit. What journal entries can help with this?
Here's a general guide, but keep in mind that specific entries:
Step 1: Debit (Increase) GST Liability Account
Credit (Increase) Input Credit Account
Step 2: Adjustment Entry for Input Credit Utilization:
Debit (Decrease) Input Credit Account
Credit (Decrease) GST Liability Account
Certain features I was using regularly are not visible after updating BUSY software. How can I restore or find those options?
If regularly used features are not visible after updating BUSY software,Before updating BUSY Latest Release take full data backup.
If you are getting issue after updating Latest Release, you need to uninstall all old release, setup and download full setup of latest release install.
My input credit is not getting removed even after making changes. What could be the reason and how to fix it?
It is possible that the input credit was not removed after changes in BUSY due to government regulations that require input to be finished in the current financial year. If the input credit is not finished, it cannot be carried forward to the next year.
Why is the HSN summary not showing any data even though I need it? How can I get the HSN summary to populate with data?
If HSN summary not showing any data in GST return, check:
Step1 : CHeck data entry
Step 2 : HSN code
Step 3 : Check data for applicable month
Step 4 : Data format
Step 5 : Filze size
Step 6 : Data validation error
How can I change the nature of a recorded expense/purchase bill from BC to BB in BUSY if I have erroneously marked it earlier?
While doing entry in journal voucher for purchase and expense related, if you want to record entry nature from B2B to B2C you can just select B2B as Nature of transaction in Registered expense window after select register expense B2B as Gst nature in voucher.