Frequently Asked Questions

Q: I entered a bank charges transaction in the software but it is not showing up correctly in my GST report. The ITC status shows as "None". How can I fix this?

If you enter a bank charge transaction in the software but it is not showing up correctly in your GST report, You need to set it input services an instant of None to show it correctly in GST report.

Q: Why am I getting Tax Audit Report Clause errors in my accounting software when trying to file income tax or generate GST reports? How can I troubleshoot this?

If you are getting error in Tax Audit Report - Clause 44 report you need to check you BUSY latest release.Before updating BUSY Latest Release take full data backup. download BUSY full setup & install.and check again same report

Q: The voucher amount done by my vendor is lower than what I have in my books. How can I get the amounts to match between both parties?

The voucher amount done by vendor is lower than what have in books for match amount you need to esure that if any other extra charges apply in your books or you miss some details to enter in invoice.

Q: The totals are not tallying between different dates even though the transactions seem correct. Could this be a tagging issue leading to values not getting classified properly?

If total not taly check: Step 1 : CHeck transaction data Step 2 : CHeck date range Step 3 : Reconcile transactions Step4 : Check ledger Step 5 : Audit trail Step 6 : Verify tax and gst entries

Q: I want to know how much input tax credit is available to me. How can I check the input and output tax amounts in my BUSY account?

To check the input tax and ouput tax value in BUSY go to display menu then select gst reports and then select gst summary option, after selecting the gst summary specify the date range and click on ok button.

Q: I want to view custom alias names for parties instead of actual party names in my reports. How can I do this in BUSY?

In report, if you have an option to view the report on the basis on account to be shown by then select it as Alias but if option is not there then you can add it through custom column.

Q: Some of my purchase invoice debit entries are getting added incorrectly in the GST report in BUSY. How can I prevent this from happening?

In GST Report of BUSY shows entries on the basis of the voucher you have record so if you found any wrong purchase entry then you need to modify that purchase voucher and correct the mistake and then check.

Q: I made an annual GST payment but in the software it is showing month-wise adjustments. Why is my full payment not reflecting properly?

According to GST norms, the GST liability should be settled on a monthly or quarterly basis. It is advisable to seek guidance from a tax professional or a chartered accountant to ensure compliance with the specific regulations and requirements.

Q: Why can't I directly enter the tax payment amount that needs to be paid, instead of only the output tax amount being shown?

By using the GST Summary you can adjust your input and output taxes and then cross adjustments after that you can pass payment entry if output is available. You can do this all by press F4 in the report.

Q: Why is there a difference of Rs ? between P&L sales and GSTR B sales in BUSY?

Please check the possible cause: 1: Due to apply discount / freight bill sundry after tax 2: Due to round off bill sundry To check you can refer to our reconcile GST and Account GST Audit Report under GST report from Display.

Solutions to common issues related to Taxation — Gst Reports.

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Step-by-step Answers

I entered a bank charges transaction in the software but it is not showing up correctly in my GST report. The ITC status shows as "None". How can I fix this?

If you enter a bank charge transaction in the software but it is not showing up correctly in your GST report,
 You need to set it input services an instant of None to show it correctly in GST report.

Why am I getting Tax Audit Report Clause errors in my accounting software when trying to file income tax or generate GST reports? How can I troubleshoot this?

If you are getting error in Tax Audit Report - Clause 44 report you need to check you BUSY latest release.Before updating BUSY Latest Release take full data backup. download BUSY full setup & install.and check again same report

The voucher amount done by my vendor is lower than what I have in my books. How can I get the amounts to match between both parties?

The voucher amount done by vendor is lower than what have in books for match amount you need to esure that if any other extra charges apply in your books or you miss some details to enter in invoice.

The totals are not tallying between different dates even though the transactions seem correct. Could this be a tagging issue leading to values not getting classified properly?

If total not taly check:
 Step 1 : CHeck transaction data
 Step 2 : CHeck date range
 Step 3 : Reconcile transactions
 Step4 : Check ledger
 Step 5 : Audit trail
 Step 6 : Verify tax and gst entries

I want to know how much input tax credit is available to me. How can I check the input and output tax amounts in my BUSY account?

To check the input tax and ouput tax value in BUSY go to display menu then select gst reports and then select gst summary option, after selecting the gst summary specify the date range and click on ok button.

I want to view custom alias names for parties instead of actual party names in my reports. How can I do this in BUSY?

In report, if you have an option to view the report on the basis on account to be shown by then select it as Alias but if option is not there then you can add it through custom column.

Some of my purchase invoice debit entries are getting added incorrectly in the GST report in BUSY. How can I prevent this from happening?

In GST Report of BUSY shows entries on the basis of the voucher you have record so if you found any wrong purchase entry then you need to modify that purchase voucher and correct the mistake and then check.

I made an annual GST payment but in the software it is showing month-wise adjustments. Why is my full payment not reflecting properly?

According to GST norms, the GST liability should be settled on a monthly or quarterly basis. It is advisable to seek guidance from a tax professional or a chartered accountant to ensure compliance with the specific regulations and requirements.

Why can't I directly enter the tax payment amount that needs to be paid, instead of only the output tax amount being shown?

By using the GST Summary you can adjust your input and output taxes and then cross adjustments after that you can pass payment entry if output is available. You can do this all by press F4 in the report.

Why is there a difference of Rs ? between P&L sales and GSTR B sales in BUSY?

Please check the possible cause:
1: Due to apply discount / freight bill sundry after tax
2: Due to round off bill sundry
To check you can refer to our reconcile GST and Account GST Audit Report under GST report from Display.

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