Frequently Asked Questions

The GST Summary report in BUSY shows you the tax liability and the input adjustment status. You can use this report to verify if you have paid the tax or adjusted the input correctly.

To include a specific GST summary in input credit, you need to do input-output adjustment and cross-adjustment every month. This will ensure that it matches in the GST summary and reflects on the P&L.

As per goverment rules, if your monthly sales exceeded Rs 50 lakhs then you need to pay 1 percent of the GST liability to the government. Also you can confirm from your CA.

If you modify purchase voucher already you need to re claimed again from transaction - gst mis utility- monthly itc tagging as per gstr2b and select voucher and claimed it by f4 done.

The monthly GST summary report in BUSY provides various
 totals for different heads such as:
 1. Total taxable value
 2. Total CGST
 3. Total SGST
 4. Total IGST
 5. Total invoice value etc

If input data not showing the reflected report then you can check the date of the invoice, transaction is properly entered with tax and then resave the invoice and check the reprot again

To resolve this issue, you need to categorize the services as services and not as goods in BUSY. This can be done by selecting the correct tax rate for services, which is 18%.

In BUSY you can add any column to the GST Audit report through the Custom Column option which is available on the top right side of the report ( If field is available).

If your GST input tax is higher than your output tax, but your software is displaying a negative balance, it could be due to the reversal of input tax credit under certain circumstances.

If the specific report or item DSCR-103 is not available in BUSY, it may be due to the fact that this particular report or code is not a standard feature within the software.