Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I am unable to view my GST return details in section B of the software. What should I do to resolve this?
There could be several reasons why BUSY unable to view GST return details in 3B report section.
Step 1: Check BUSY latest version and Release.
Step 2: Take Backup.
Step 3: Go to House - Keeping Menu.
Step 4: Click on Update Master Balances
Step 5: And Run update master balances & update voucher GST Summary.
Step 6: Go to Display Menu.
Step 7: Click on GST Reports option.
Step 8: Click on GSTR-3B and select required options Starting date & Ending date.
Step 9: Click on OK
Step 10: Verify GST Configuration Settings.
Step 11: Cross-Check Input Data. Double-check the data entered for GST transactions. Ensure that all relevant details are accurately recorded to reflect in the GSTR-3B report.
How do I record GST adjustment entries in my books if I am unable to claim past GST credit from the government?
Record GST adjustment entries in my books, please follow this steps :
Step 1 : Open the GST Summary section
Step 2: While in the GST Summary, press the F4 key on your keyboard.
Step 3: Select Adjustment or Payment Option
Step 4: A message box will appear, allowing you to select the type of voucher you want to post.
Step 5 : The available options typically include input/Outpout Adjustment.
Step 6: Select this option when you need to make adjustments to your GST data.
Step 7: After selecting the voucher type, you'll be prompted to enter the necessary details. Step 8: Once you've entered the required information, save and post the voucher.
Step 8: This will update your GST ledger and balances based on the adjustments or payments made.
I want to extract my GST register from BUSY but am unable to find the option. Where is this feature located?
In BUSY software, you can extract your GST register by following these general 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 , GST Purchase register , Supply outward , Suppy Inward 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: This report will display a breakdown or bifurcation of the output tax data based on tax rates
Can we apply cess & Additional cess at item level in BUSY?
Cess on Alternate Unit -
Add. cess can be charged at item level.
To apply cess & Additional cess at item level in BUSY follow the below steps:
Step 1: If cess/additional cess is enabled from GST/VAT from Administration->Configuration->Feature and Options->GST/VAT
Step 2: Enable and select cess/ additional cess as Yes
Step 3. Mention cess / additional cess percentage in Tax category master (from Administration->Masters->Tax Category Menu)
Step 4: By default bill sundry of Add. Cess on MRP is available but if not then it has to be created from Admin > Mater > Bil Sundry.
Step 5:Create a sales type master with taxable (item wise) option and enable both the cess over there.
Step 6: Now select itemwise sale type while adding transaction.
Step 7 : Can check in Display > GST Reports.(GST Summary, GSTR 1 & GSTR 3B).
I am unable to make my GST payment properly. What should I do?
Here's a general process for make GST payments in BUSY:
Step 1: Open the GST Summary section
Step 2: While in the GST Summary, press the F4 key on your keyboard.
Step 3: Select Adjustment or Payment Option
Step 4: A message box will appear, allowing you to select the type of voucher you want to post.
Step 5 : The available options typically include Regular GST Payment .
Step 6: Select this option when you need to make voucher entry to your GST data.
Step 7: After selecting the voucher type, you'll be prompted to enter the necessary details. Step 8: Once you've entered the required information, save and post the voucher.
Step 9: This will update your GST ledger and balances based on the adjustments or payments made.
How can I separate the GST component from total sales in BUSY?
To separate the GST component from the total sales in BUSY , follow these steps:
Step 1: Launch BUSY GST Software.
Step 2: Go to the Display menu.
Step 3: Select GST Reports.
Step 4: Choose GST Registers from the available options.
Step 5: Within the GST registers report, you will find options for various sales and purchase registers , including supply Inward and supply outward reports
Step 6: Select the relevant sub-report based on your requirements.
Step 7: In this selected report, you will find the bill wise option to view the report . click it on .
Step 8: Click ALT+E to export of the report.
Step 9 : Select the specific format you want to export like excel , pdf , html and proceed .
What is ITC tagging and how do I use it in BUSY?
ITC tagging in BUSY is a feature that allows you to allocate
and claim input tax credit (ITC) for your purchases. It helps you track and
reconcile your ITC claims with the GST portal.
To use ITC tagging in BUSY you can follow below steps:
Step 1: Go to transaction menu
Step 2: Then click on gst misc. utilities option
Step 3: Then go to monthly ITC tagging as per gstr2a or 2b
Step 4: Then open the report for that month you want to change the status in BUSY
Step 5: Then after opening the report you have to press F4 shortcut key
Step 6: Then you will be able to update the status of your
itc to claimed or pending as per requirement and save it.
How can I resolve errors in making GST payments in BUSY?
Here's a general process for make GST payments in BUSY:
Step 1: Open the GST Summary section
Step 2: While in the GST Summary, press the F4 key on your keyboard.
Step 3: Select Adjustment or Payment Option
Step 4: A message box will appear, allowing you to select the type of voucher you want to post.
Step 5 : The available options typically include Regular GST Payment .
Step 6: Select this option when you need to make voucher entry to your GST data.
Step 7: After selecting the voucher type, you'll be prompted to enter the necessary details. Step 8: Once you've entered the required information, save and post the voucher.
Step 9: This will update your GST ledger and balances based on the adjustments or payments made.
What optional GST related compliances can be done on BUSY?
BUSY comply with all the GST related requirements and offers various features to manage your GST effectively. Some of these features are:
1. GST invoicing: You can create GST compliant invoices with all the necessary details such as GSTIN, HSN/SAC codes, tax rates, etc.
2. GST Returns: You can generate and file GST returns online from BUSY with ease and accuracy.
3. GST Reconciliation: You can reconcile your GST data with the data available on the GST portal and identify any mismatches or errors. You can also resolve any discrepancies and claim your input tax credit.
4. E way bill & E invoice generation: You can generate e way bills and e invoices from BUSY and sync them with the e way bill portal and the IRP respectively. You can also print them.
What are the steps to record a GST payment entry?
Here's a general process for make GST payments in BUSY:
Step 1: Open the GST Summary section
Step 2: While in the GST Summary, press the F4 key on your keyboard.
Step 3: Select Adjustment or Payment Option
Step 4: A message box will appear, allowing you to select the type of voucher you want to post.
Step 5 : The available options typically include Regular GST Payment .
Step 6: Select this option when you need to make voucher entry to your GST data.
Step 7: After selecting the voucher type, you'll be prompted to enter the necessary details. Step 8: Once you've entered the required information, save and post the voucher.
Step 9: This will update your GST ledger and balances based on the adjustments or payments made.
