Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
Can I view GST reports in BUSY according to bill date ranges? If so, what is the process?
To get bill-wise reports for your B2B and B2C sales from BUSY, follow these steps:
Step 1: Once you are logged into the software, look for the Display menu.
Step 2: Within the Display menu, you should find a submenu or option related to GST Reports.
Step 3: Click on it to proceed.
Step 4: In the GST Reports section,Look for the option labeled GST Registers
Step 5: Look for the Gst Sales register Report option, and click on it to access this specific report
Step 6: There is option to the open report Bill Wise / Item Wise / Combined .
Step 7: you can select as Bill wise option .
Step 8: This report will display a breakdown or bifurcation of the output tax data based on tax rates
How can I get bill-wise reports for my BB and BC sales from BUSY?
To get bill-wise reports for your B2B and B2C sales from BUSY, follow these steps:
Step 1: Once you are logged into the software, look for the Display menu.
Step 2: Within the Display menu, you should find a submenu or option related to GST Reports.
Step 3: Click on it to proceed.
Step 4: In the GST Reports section,Look for the option labeled GST Registers
Step 5: Look for the Gst Sales register Report option, and click on it to access this specific report
Step 6: There is option to the open report Bill Wise / Item Wise / Combined .
Step 7: you can select as Bill wise option .
Step 8: This report will display a breakdown or bifurcation of the output tax data based on tax rates
How do I link GST payments made to the liability shown in the software?
To link GST payments made to the liability shown in the software, you need to follow these steps:
Step 1: Go to Display and then click on GST reports.
Step 2: Under GST reports click on GST summaries and then select GST summary.
Step 3: Select the date range for making gst adjustment entries.
Step 4: Press F4 and make entry for the GST adjustment entry further for liability payment have to enter GST payable entry.
Step 5: Then click on regular GST payment and select the voucher type as Journal, account debit will auto shown and select the account to be credited as GST payable account which should be made under group current liabilities.
Step 6: The GST nature should be GST payment to government and entry will get auto post.
How can I filter the GST report in BUSY to only show BC sales?
To get bill-wise reports for your B2B and B2C sales from BUSY, follow these steps:
Step 1: Once you are logged into the software, look for the Display menu.
Step 2: Within the Display menu, you should find a submenu or option related to GST Reports.
Step 3: Click on it to proceed.
Step 4: In the GST Reports section,Look for the option labeled GST Registers
Step 5: Look for the Gst Sales register Report option, and click on it to access this specific report
Step 6: There is option to the open report Bill Wise / Item Wise / Combined .
Step 7: you can select as Bill wise option .
Step 8: This report will display a breakdown or bifurcation of the output tax data based on tax rates
How can I cross-verify the tax liability shown in the B report generated by BUSY with my original purchase/sale details?
To Cross-verify the tax liability shown in the 3B report generated by BUSY with my original purchase/sale details, please follow steps :
Step 1: Once you are logged into the software, look for the Display menu.
Step 2: Within the Display menu, you should find a submenu or option related to GST Reports.
Step 3: Click on it to proceed.
Step 4: In the GST Reports section,Look for the option labeled GST Other Reports
Step 5: Look for the Tax Rate Wise Output Tax Report option, and click on it to access this specific report
Step 6: Review the Bifurcation of Tax Rate Wise Output Tax Data and Genate the report . Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates
I am unable to reconcile my GST return with my sales register. The sales amounts are different in GSTR and the profit & loss statement for the same period. How can I resolve this discrepancy?
Here's a step-by-step guide to help you resolve the discrepancy between GSTR1 and your profit & loss statement for the same period:
Step 1 : Start by carefully reviewing the GSTR1 return you filed for the relevant period.
Step 2: Ensure that you've accurately reported all sales transactions and their corresponding GST amounts.
Step 3: Confirm that all sales transactions are correctly recorded, and there are no missing or duplicate entries.
Step 4 : Verify that the GST liability on your profit & loss statement matches the total output tax reported in your GSTR1.
Step 5: Make sure that you have properly accounted for sales returns, discounts, and other adjustments in your sales register.
Step 6: Carefully compare the invoices and transaction details in your sales register with those in your GSTR1.
I want to reconcile my GSTR and profit & loss sales amounts for a particular month where there is a difference. How can I match the daily bills to find the cause of discrepancy?
Here's a step-by-step guide to help you resolve the discrepancy between GSTR1 and your profit & loss statement for the same period:
Step 1 : Start by carefully reviewing the GSTR1 return you filed for the relevant period.
Step 2: Ensure that you've accurately reported all sales transactions and their corresponding GST amounts.
Step 3: Confirm that all sales transactions are correctly recorded, and there are no missing or duplicate entries.
Step 4 : Verify that the GST liability on your profit & loss statement matches the total output tax reported in your GSTR1.
Step 5: Make sure that you have properly accounted for sales returns, discounts, and other adjustments in your sales register.
Step 6: Carefully compare the invoices and transaction details in your sales register with those in your GSTR1.
I am trying to view the sales register in BUSY but it is not showing bill-wise or item-wise details. How can I see the sales register with bill-wise and item-wise breakup?
To get bill-wise reports for your B2B and B2C sales from BUSY, follow these steps:
Step 1: Once you are logged into the software, look for the Display menu.
Step 2: Within the Display menu, you should find a submenu or option related to GST Reports.
Step 3: Click on it to proceed.
Step 4: In the GST Reports section,Look for the option labeled GST Registers
Step 5: Look for the Gst Sales register Report option, and click on it to access this specific report
Step 6: There is option to the open report Bill Wise / Item Wise / Combined .
Step 7: you can select as Bill wise option .
Step 8: This report will display a breakdown or bifurcation of the output tax data based on tax rates
I want to extract bill-wise reports in BUSY but the option seems to be missing. What should I do?
To get bill-wise reports for your B2B and B2C sales from BUSY, follow these steps:
Step 1: Once you are logged into the software, look for the Display menu.
Step 2: Within the Display menu, you should find a submenu or option related to GST Reports.
Step 3: Click on it to proceed.
Step 4: In the GST Reports section,Look for the option labeled GST Registers
Step 5: Look for the Gst Sales register Report option, and click on it to access this specific report
Step 6: There is option to the open report Bill Wise / Item Wise / Combined .
Step 7: you can select as Bill wise option . Step 8: This report will display a breakdown or bifurcation of the output tax data based on tax rates
How do I settle vendor payments for purchases and generate a consolidated view of pending bills in BUSY?
To settle vendor payments for purchases and generate a consolidated view of pending bills in BUSY, follow these steps:
Step 1. Open BUSY and log in to your account.
Step 2. Navigate to the Displaysection or menu.
Step 3 :In the list of available reports, locate and select the Outstanding Bills payable Report.
Step 4 :Look for a filter or checkbox that allows you to exclude certain parties from the report. Step 5 :Choose the Party-Wisesorting option. This will arrange the outstanding bills by the parties or customers to whom they are owed.
Step 6 :Select the appropriate time frame or older daysbasis you want for the report.
Step 7 :After setting your preferences, click the Generateor Run Reportbutton to generate the Outstanding Bills payable Report based on your selected criteria.
