Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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.
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
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 the software to reflect my actual monthly GST payments rather than doing an aggregate annual adjustment. How can I configure this?
To reflect actual monthly GST payments instead of an aggregate annual adjustment, you can follow the steps below to adjust Input and Output tax on a monthly basis:
Step 1: Go to Display section then click on GST summaries option.
Step 2: Now choose GST summary then specify date range of particular month and open the report.
Step 3: You can press F4 key on GST Summary to post various GST Adjustment & GST Payment voucher. On pressing the F4 key, a message box appears in which you are required to select the option for which you want to post the voucher. If there is a credit balance, you will need to pay the tax to the government. Conversely, if there is a debit balance, it will be carried forward to the next month.
I gave a discount to my customer and received a credit note. How should I enter this credit note due to discount in the software?
BUSY, you need to correctly record and report these credit notes. Here's a step-by-step guide to ensure their proper reflection:
Step 1: Create Credit Notes or sales return from transaction menu
Step 2 : Assign the appropriate tax rates to credit notes or sales return , especially if they involve GST.
Step 3: Add discount bill sundry in the sales return section.
Step 3 : Navigate to the Display section, and look for the GST Returns - GSTR-1 report.
Step 4 : Report based on the relevant tax period (usually a month or a quarter)
Step 5 : When you generate the GSTR-1 report, it should automatically include the credit notes Step 6: Carefully review the GSTR-1 report to ensure that the credit notes are accurately reflected in the report
