Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I think there may be an error in a transaction I did recently. How can I get the details to verify and check that?
To view the common mistakes in transaction report follow below steps:
Step 1: Go to display option and select gst reports.
Step 2: Then select gst audit report and then select common mistakes to view the common mistake report.
What is the correct way to enter tax amounts in my Composition invoices should I apply it on individual items or total invoice value?
the correct way to enter tax amounts in Composition invoices is on total invoice value for that you need to set GST type as under composition scheme in GST configurtion also set default tax rate for applying.
The GSTR A data is not syncing with my BUSY. What should I do to ensure the data is updated and synced properly?
To ensure data is sync follow:
Step 1: Check internet connection
Step 2 : Verify software version
Step 3 : COnfigure GST settings
Step 4 : Login to GST portal
Step 5 : Reconcile data manually
I issued a credit note to a customer but it is not getting reflected in GSTR What should I do to reconcile this?
If credit note not relfecting in GSTR 1 check:
Step 1 : Verify credit note entry
Step 2 : Credit note match with invoice
Step 3 : Reconcile with GST portal
Step 4 : Correct month
There is a difference of Rs. between the total purchase amount and GST amount in my books. What could be causing this discrepancy?
Difference between total purchase and GST in books so you need to check your invoice amount and gst calculations also if you mentioned any other extra charges in invoice then check it accounting effect of that charges.
How to generate quarterly GST reports in BUSY?
You can access various GST reports such as GST Registers, GST Summary, GST Return, etc. from the Display menu. You can also specify the date range for the reports, either quarterly or monthly, when you open them.
My GST reports are not getting downloaded. What should I do?
To resolved the issue in download GST report from portal follow the below mentioned steps:
Step 1: Login the GST portal
Step 2: Click on Profile
Step 3: Click on API access and give acces for 30days
How can i see the GST reports in BUSY software?
If you want to see the GST reports in BUSY please follow these steps:
Step 1: Go to display menu
Step 2: Then click on GST reports
Step 3: From this option you can see the various reports of GST
What is the significance of IGST and LGST in BUSY?
In BUSY,IGST and LGST are used to determine the tax rate for inter-state and intra-state transactions respectively
and it make sure the correct type of GST has applied for the party to get the proper GST reports
Why does the quantity for services appear NA in GST returns and report?
The quantity for services appear as NA (Not Applicable) in the quantity field of GST returns and reportsdue to the reflects the fact that services are not typically quantified in the same way as tangible goods.