Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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.
Why is there a mismatch in sale amounts with GST reports?
To find mismatch in sale with GST reports,you can follow some steps:
Step 1: Go to the Display and click on GST reports .
Step 2: Now click on GST Audit Reports and then click on Reconcile Accounts and GST.
In this report you can check your data as per GST and what you have entered in BUSY.
Alternately if report is clear then you need to check your sale difference in short range With other report for sale in GST Report if it is mismatch.you can check month wise data then you will get period in which mismtch will be exist and then you can check in short range of date with in that mismatch period and then at last you will find then date where mismatch is coming then you check your entries and rectify them.
How do I pay CGST and SGST taxes in BUSY?.
To pay CGST and SGST taxes in BUSY you need to follow the steps
Step1 Go to the transaction menu and select jouranl voucher
Step2 click on add fill voucher details like series date voucher number
Step3 Select GST nature as GST tax adjustment
Step4 Debit the CGST and SGST output account and credit the bank
You can also generate the voucher from GST summary under GST summaries option under display menu
for that you have to select the date range first then you have to press F4 to necessary GST adjustments
then again press F4 again and select Regular gst payment
Step5 then all output tax liability will automatically adjust you just need to select the bank and payment date
then generate the journal and save.
I want to extract a day-wise sales report from BUSY to match with GSTR for reconciliation. How can I generate this sales report filtered by date?
to extract a day-wise sales report from BUSY to match with GSTR1 for reconciliation, 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
I want to generate my ITC claim register with HSN codes. How can I do this?
To generate my ITC data with HSN codess, follow these steps:
Step 1: Launch BUSY GST Software.
Step 2: Go to the Display menu.
Step 3: Select GST Reports.
Step 4: Choose GST Summary from the available options.
Step 5: Within the GST Summary report, you will find options for various sales reports, including Item Wise Sales Summary, Party Wise Sales Summary, and Sale Type Wise Sales Summary.
Step 6: Select the relevant sub-report based on your requirements. For GST summary, you might choose Item Wise Sales Summary or another appropriate option that provides the bifurcation of tax rates.
Step 7: In this selected report, you will find the bifurcation of sales data based on different tax rates, including the GST summary.
Step 8: Click Print to generate a hard copy of the report.
I want to analyze my GST paid and GST receivable. What report gives this information?
To analyze my GST paid and GST receivable, follow these steps:
Step 1: Launch BUSY GST Software.
Step 2: Go to the Display menu.
Step 3: Select GST Reports.
Step 4: Choose GST Summary from the available options.
Step 5: Within the GST Summary report, you will find options for various sales reports, including Item Wise Sales Summary, Party Wise Sales Summary, and Sale Type Wise Sales Summary.
Step 6: Select the relevant sub-report based on your requirements. For GST summary, you might choose Item Wise Sales Summary or another appropriate option that provides the bifurcation of tax rates.
Step 7: In this selected report, you will find the bifurcation of sales data based on different tax rates, including the GST summary.
Step 8: Click Print to generate a hard copy of the report.
I am unable to export my ITC data with HSN codes. What should I do?
To export my ITC data with HSN codess, follow these steps:
Step 1: Launch BUSY GST Software.
Step 2: Go to the Display menu.
Step 3: Select GST Reports.
Step 4: Choose GST Summary from the available options.
Step 5: Within the GST Summary report, you will find options for various sales reports, including Item Wise Sales Summary, Party Wise Sales Summary, and Sale Type Wise Sales Summary.
Step 6: Select the relevant sub-report based on your requirements. For GST summary, you might choose Item Wise Sales Summary or another appropriate option that provides the bifurcation of tax rates.
Step 7: In this selected report, you will find the bifurcation of sales data based on different tax rates, including the GST summary.
Step 8: Click Print to generate a hard copy of the report.
What is the process to check BB registered parties and BC unregistered parties separately?
To process to check B2B registered parties and B2C unregistered parties separately in BUSY, 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
Why is there a mismatch in sale amounts with GST reports?I need help understanding how to properly match amounts?
To find mismatch in sale with GST reports,you can follow some steps:
Step 1: Go to the Display and click on GST reports .
Step 2: Now click on GST Audit Reports and then click on Reconcile Accounts and GST.
In this report you can check your data as per GST and what you have entered in BUSY.
Alternately if report is clear then you need to check your sale difference in short range With other report for sale in GST Report if it is mismatch.you can check month wise data then you will get period in which mismtch will be exist and then you can check in short range of date with in that mismatch period and then at last you will find then date where mismatch is coming then you check your entries and rectify them.
