Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I want to export the data of my filed GST returns to Excel. How can I do that in the software?
To generate GST return filed in excel, follow:
Step 1 : CLick on display
Step 2 : GST reports
Step 3 : GST returns
Step 4 : Select and open the relevant return
Step 5 : Export in excel
I want to make adjustments to my input tax credit claims. How can I amend GST returns that are already filed?
Amending GST returns that have already been filed in BUSY can be a complex process because the GST portal typically allows for amendments only in certain circumstances, and you'll need to make the necessary adjustments in the subsequent returns
What are the different types of mismatches that can occur while reconciling GSTR B in BUSY? How can I resolve them?
Different types of mismatches that can occur while reconciling GSTR 2B in BUSY are:
Step 1 : Invoice mismatches
Step 2 :Tax mismatches
Step 3 : Supplier mismatches
Step 4 : MIssing invoices
Step 5 : Data entry errors
How can I check if an e-way bill I created will be included in my GSTR- filing or not in BUSY?
You can check GST report in many ways such as:
Step 1: Go in Display.
Step 2: Then select GST reports.
Step 3: Then select GST Returns.
Step 4: Then select GST return such as GSTR1, 3B which you want to see according.
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.
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