Frequently Asked
Questions

Q: what is to mention in gst portal user name in GST/VAT tab in BUSY?

You have to mention the user name that mention when login in gst potal to download and reconcile gat data directly in BUSY , also to direct upload gstr 1 e return

Q: My company's monthly sales exceeded Rs. lakhs, so I had to make a payment to the government. What percentage of GST do I need to pay when my sales cross lakhs in BUSY?

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.

Q: I made some changes to a voucher for which ITC was already claimed. Will this impact the ITC claim status? Should I refrain from making changes to such vouchers?

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.

Q: I need help understanding how to read the various totals and amounts shown in the monthly GST summary report. Can you explain what each field means?

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

Q: The input data I have entered into the software is not reflected in the reports I generate. What troubleshooting can I do to resolve this?

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

Q: I'm facing an issue where % of my services are being categorized incorrectly as goods in BUSY. What should I do to resolve this?

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%.

Q: I need to add some additional information to the automated audit report. Is there a way to customize or edit it before exporting?

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).

Q: Where should I check gst reports in BUSY?

To check the gst reports in BUSY, follow the below steps: Step 1: Go to display section then click on gst reports. Step 2: Now, select the required option and check the report and returns.

Q: Reconciling GST reports with multiple branches?

You can reconcile GST report with multiple branches, when you will open GST reconciliation report it will ask to select voucher series group, select there respective branch voucher series group and check report.

Q: My GST input tax is higher than output tax but the software is showing a negative balance. What could be the reason?

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.

Find Solutions to Common Issues Related to taxation - gst reports

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what is to mention in gst portal user name in GST/VAT tab in BUSY?

You have to mention the user name that mention when login in gst potal to download and reconcile gat data directly in BUSY , also to direct  upload gstr 1 e return

My company's monthly sales exceeded Rs. lakhs, so I had to make a payment to the government. What percentage of GST do I need to pay when my sales cross lakhs in BUSY?

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.

I made some changes to a voucher for which ITC was already claimed. Will this impact the ITC claim status? Should I refrain from making changes to such vouchers?

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.

I need help understanding how to read the various totals and amounts shown in the monthly GST summary report. Can you explain what each field means?

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

The input data I have entered into the software is not reflected in the reports I generate. What troubleshooting can I do to resolve this?

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

I'm facing an issue where % of my services are being categorized incorrectly as goods in BUSY. What should I do to resolve this?

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%.

I need to add some additional information to the automated audit report. Is there a way to customize or edit it before exporting?

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).

Where should I check gst reports in BUSY?

To check the gst reports in BUSY, follow the below steps:
Step 1: Go to display section then click on gst reports.
Step 2: Now, select the required option and check the report and returns.

Reconciling GST reports with multiple branches?

You can reconcile GST report with multiple branches, when you will open GST reconciliation report it will ask to select voucher series group, select there respective branch voucher series group and check report.

My GST input tax is higher than output tax but the software is showing a negative balance. What could be the reason?

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.

Frequently AskedQuestions