Frequently Asked
Questions

Find Solutions to Common Issues Related to taxation - gst reports

FAQs

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.

Why is the DSCR- not showing in my returns for some companies but showing for others? How can I fix this inconsistency?

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.

Why am I getting automatic input and output values in my GST return even when I have not made any changes?

Automatic input/output values are shown in GST returns to reconcile the input and output of GST for a particular period. This helps in calculating the net GST liability and claiming input tax credit.

I want to match my GSTR-B report with my monthly sales invoice summary in BUSY. Is there a way to automate this?

To match sales with gstr-3b , follow:
 Step 1 : Export sales invoices in excel
 Step 2 : Download gstr-3b from gst portal
 Step 3 : Use excel and reconcile both report

The software is showing an error that the GST number belongs to a different state. Why am I getting this error?

If the software is showing a wrong state for your GST number, it may be because the GST number is incorrect. You should validate and check the GST number entered for accuracy.

I want the TCS amount to be removed from the total taxable value in the invoices. How can I do this?

TCS Amount add in invoice value but tax calculate on Taxbale amount in which TCS Amount do not add.If you do not want to include in taxable then apply TCS After tax

I need help to configure and set up the software as per my business needs and processes. Is there any documentation or help available?

To understand what is happening during processing inside the software . BUSYprovides a user manual and extensive documentation, and Training webinars to help users understand the reports and options within the software.

My ITR filing is showing a difference compared to the GST input credit and balance sheet. What could be the reasons for this discrepancy?

The discrepancy is showing between the ITR filing, GST input credit and in the balance sheet due to some incorrect entry, missing entries, any bill sundry and account tagging in the voucher.

The support agent is unable to understand the GST report I need. How can I better explain the requirement to get the correct report?

To understand what is happening during processing inside the software . BUSYprovides a user manual and extensive documentation, and Training webinars to help users understand the reports and options within the software.