Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
Where can I find the GSP configuration options in BUSY?
To find the GSP configuration options in BUSY, you need to follow the below steps:
Step 1: Go to Administration, then select Configuration, then select Features and Options, then select the GST/VAT option.
Step 2: In that window, you will find the GSP configuration.
How accurate are the GST calculations and reports on BUSY?
The accuracy of GST calculations and reports in BUSY depends on the correct input of data and configuration settings. However, it is always recommended to consult a Chartered Accountant for a thorough understanding of GST calculations and to ensure accuracy in reporting.
How do I check the GST output in BUSY?
If you want to check the GST output report in BUSY please follow given below steps:
Step 1: Go to display menu
Step 2: Then click on GST reports
Step 3: Then click on GST summary
Step 4: Afterwards you can view the output GST data
Do I need to do monthly or quarterly accounting in BUSY Accounting Software?
It depends on your GST filing frequency. If you file GST returns monthly, then you need to do monthly accounting in BUSY Accounting Software. If you file GST returns quarterly, then you need to do quarterly accounting in BUSY Accounting Software.
Is there a report for HSN code missing items in a bill?
Yes, there are several reports available in BUSY that can help you identify missing HSN codes of items on a bill:
Supply outward register with show qty details of GST register
Hsn wise summry report from gst1 / from gst other reports etc.
How do I record cash withdrawals from an ATM for business expenses?
Here's how to record these transactions:
Step 1: Create a Cash Account
Step 2: Debit the Cash Account to decrease the cash balance
Step 3: Create Expense Entries:
Step 4: Debit the appropriate expense account
Step 5: Credit the Cash Account
How do I adjust input and output GST amounts in BUSY?
To adjust input and output GST amounts in BUSY
Step 1: Go to the Display
Step 2: Then GST Reports
Step 3: Then GST Summary
step 4: open in date range and press f4 and go in input output adjustment tab
How can we see combine Report of IGST and CGST Report?
To get Combine report of IGST and CGST:
Step 1: Go to Display.
Step 2: Click on GST Registers.
Step 3: Select Sale Register Select Register to be shown by Combined option.
Step 4: According to your requirement select then OK.
How do I check vouchers/entries for a month in BUSY?
check vouchers/entries for a month in BUSY, please follow steps :
Step 1: Go to display menu
Step 2: Select Account Books
Step 3 : click on Daybook option
Step 4: Specify the date range and view the report
The return frequency options in BUSY under GST and VAT are not showing all the options. It is only showing Default, Monthly, and Quarterly. How can I add more return frequency options?
To add return frequency options in BUSY under GST and VAT, go to Administration, then Configuration, Feature and Options, and select GST and VAT. Under Return Filing Frequency, choose the desired options such as default, monthly, or quarterly. Save the changes.