Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I already applied gst but till itc not picking up in your report?
If you are facing itc issue after applying gst properly
1. Make sure you have select itc eligibility properly in voucher
2. Ensure that you raise a GST invoice for
3. May be you are using itc tagging in your data
What should I do if I encounter some invalid entries in GST reports?
To correct invalid entries showing in the GST reports in BUSY, follow these steps:
Step 1: Go to display menu and select the Gst Reports option.
Step 2: Select Gst audit reports then click on common mistakes.
Step 3: Open these reports and correct invalid entries.
Why is the download of government templates from BUSY taking a long time?
The download of government templates from BUSY takes a long time because of its government template format and government-defined templates, so it takes time, and it also depends on your data size; if it has heavy data, it will take a long time.
How is GST calculated in BUSY? Can I customize how GST is calculated?
GST is calculated in BUSY based on the taxable value and tax rates entered for each item. The software automatically calculates the GST amount based on these inputs. As for customization, BUSY does not provide the option to customize how GST is calculated.
What is the correct way to make GST bill corrections in BUSY?
Here's the correct way to make GST bill corrections:
Step 1: Identify the specific errors in the GST bills that need correction.
Step 2: Create a Credit Note
Step 3:Adjust the Tax Amount
Step 4: Create a new invoice with the corrected details
What is the process to zero out opening GST balances in BUSY?
To zero out the opening GST balances in BUSY , you need to make journal entries to offset the existing balances in the GST ledgers. This process involves creating journal entries to clear the outstanding GST amounts and bring the balances to zero.
Where can I find tutorials or resources to learn generating GST reports?
To check tutorials for learning generating gst return you can follow the steps:
Step 1: Go to Help menu
Step 2: Click on Help Content for GST
Step 3: Here you are chcek the documents or videos of gst content
How can I run GST and VAT together in BUSY?
BUSYmay not support running GST (Goods and Services Tax) and VAT (Value Added Tax) simultaneously in the same company or entity profile. In many cases, businesses have to choose between GST and VAT based on their tax jurisdiction and the applicable tax regulations.
What is the output GST cell amount for the period?
To view Output GST for the specific period, follow these steps:
Step 1: Go to Display tab and click on GST Reports.
Step 2: Click on GST Summaries and then select the GST summary option.
Step 3: Specify date range and now can check output GST.
What reports can I generate for GST filing from BUSY?
Pls Follow the Below the Steps:
Step 1: Display Menu
Step 2: Gst Reports
Step 3: Gst Returns
Step 4: GSTR-1 Ereturn or GSTR 3B ereturn
Step 5: Select JSON and Upload it on GST Portal.
Note : GSTR 1 can upload it directly from BUSY to GST Portal.