Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
What reports in BUSY should I check to ensure GST entries and ITC claims are proper before filing returns?
In case of ITC you need to check monthly itc tagging report that is availabe in gst miscellaneous utilities option under transactions menu.
and in case of gst report you need to check GST reports that is availbale under display menu
Why am I unable to view the purchase and sale registers with GST breakup rate-wise in the software?
To view the rate wise breakup in sale and purchase register follow below steps:
Step 1: Go to display option and select gst reports.
Step 2: Then select the gst register and the select supply outward register or supply inward register.
What reports or tools does the software provide to audit and verify the accuracy of GST computations?
To audit and verify the accuracy of GST computations you can refer the below report:
1 : GST audit report
2 : Outward/Inward register of GST report
3 : Account sale/purchase register with show bifurcation of amount from account books
My BUSY shows processing error while trying to access reports or file returns. How to troubleshoot?
If your BUSY shows a processing error while trying to access reports or file returns, you need to check your internet connection because it is an online process, so you have to make sure your internet connection is stable and working properly.
What is the Update Voucher GST Summary option in BUSY? When should I use it?
The Update Voucher GST Summary option in BUSY is used to update the GST summary of vouchers, sales, and purchases. It should be used when there is a mismatch in the GST amount or if the GST amount is not updated properly.
How to correctly adjust IGST credit when I have both interstate and intrastate sales/purchases?
For correctly adjusting IGST credit when you have both interstate and intrastate salesand purchases, you can enter adjustment voucher by f4 in the gst summary, you can select tab input - output adjustment and then input -output cross adjustement if IGST remains.
Some HSN codes are missing in the exported ITC data. Why is this happening?
Some HSN codes are missing in the exported ITC data, please follow below steps
Step 1 : while expoerting data of ITC may be enable the option of Skip HSN summary
Step 2: this option will skip the HSN data
Do I need to manually update all vouchers when changing tax slabs in BUSY?
No, you don't need to manually update all vouchers when changing tax slabs in BUSY. You can use the Dual Voucher Process in the Housekeeping menu to this change. However, before making any changes, it's mandatoryto take a backup of your data.
Do I need to use the government Excel template for GST filing?
No, if you are using ss or above model you do not need to generate govt template you can either use direct upload or json. but if you are using basic model then you have to use govt template or csv option.
How to fix inaccurate rental services data in BUSY GST reports?
To fix inaccurate rental services data in BUSY GST reports, you need to identify the incorrect vouchers and correct their mistakes such as wrong GST calculated, incorrect tax category, etc after open it. If need you can delete it by press F8.