Frequently Asked
Questions

Q: What options are available if input credit is higher than GST liability?

If the input credit is higher than the GST liability, the excess credit can be carried forward to the next tax period or refunded as per the GST rules and regulations.

Q: How do I view registered exempted unregistered expenses in BUSY

To check the registered expense or unregistered entry, you can check gst summary from : 1. click on display 2. GST reports 3. GST summary 4, check the heads of registered expense or unregistered entry

Q: How do I enter an ITC reversal in BUSY?

To enter an ITC reversal in BUSY, you need to pass a journal entry. Debit the ITC ledger account and credit the respective ledger account from which the ITC was claimed.

Q: How to check GST rate wise sales.

To check GST rate wise sales follow the below steps: Step 1: Go to Display>GST Reports>GST Registers>Sales Register Step 2: There we can see Voucher wise sales with the GST tax rate column.

Q: How can I check if ITC is getting reflected correctly for different voucher types in BUSY? Are there any reports for this?

For checking that ITC Showing or tagged correct in BUSY for voucher types can check reports by Transaction - Gst mis utility - ITC claimed summary or ITC claimed register.

Q: I am unable to reconcile GST data between the BUSY reports and government portal. What steps should I take to fix this?

To reconcile gst data and BUSY data check: Step 1 : CHeck reports Step 2 : Data entry check Step 3 : Match tax rate Step 4 : Match invoice

Q: Some transactions are applying % GST while some are applying % GST. How can I ensure the correct rate is applied consistently?

You can refer our invalid tax rate in vouchers report of Gst Audit report from display. Through this report you can check from which voucher you have calculated wrong tax.

Q: I am unable to see my debit notes/purchase returns in the sales related GSTRWhy is this and how can I fix it?

Debit notes and purchase returns are not shown in sales-related GSTR-1 in BUSY because they are part of GSTR-2. To fix this, check the GSTR-2 report for the relevant entries.

Q: Why am I unable to see the exported Excel file for the GST purchase register report on the desktop in BUSY?

BUSY Software exports the file under the company folder in your BUSY installed drive, you should check there to locate the exported Excel file for the GST purchase register report.

Q: The output tax payable is getting carried forward to next financial year but input credit is not. Why does this happen?

It is not possible to carry forward output credit as per the law, but input credit can be carried forward if it is not adjust in the current financial year.

Find Solutions to Common Issues Related to taxation - gst reports

Taxation (GST/VAT/TDS/TCS/RCM)

Export/Import/Data Conversion

Errors (RTE/Ransome), Feedbacks and Bugs

Barcode, QR Code and Lable Printing

License Management/Softlock/Hardlock

Enquiry/Upgrade/Visit/Renewal

UMS Related Issue (Dealer Query)

Software Features

Implementation

Dealer Complaint/Issues

Enquiry/Upgrade/Visit/Renewal

Dealer Complaint/Issues

What options are available if input credit is higher than GST liability?

If the input credit is higher than the GST liability, the excess credit can be carried forward to the next tax period or refunded as per the GST rules and regulations.

How do I view registered exempted unregistered expenses in BUSY

To check the registered expense or unregistered entry, you can check gst summary from :
1. click on display
2. GST reports
3. GST summary
4, check the heads of registered expense or unregistered entry

How do I enter an ITC reversal in BUSY?

To enter an ITC reversal in BUSY, you need to pass a journal entry. Debit the ITC ledger account and credit the respective ledger account from which the ITC was claimed.

How to check GST rate wise sales.

To check GST rate wise sales follow the below steps:
Step 1: Go to Display>GST Reports>GST Registers>Sales Register
Step 2: There we can see Voucher wise sales with the GST tax rate column.

How can I check if ITC is getting reflected correctly for different voucher types in BUSY? Are there any reports for this?

For checking that ITC Showing or tagged correct in BUSY for voucher types can check reports by Transaction - Gst mis utility - ITC claimed summary or ITC claimed register.

I am unable to reconcile GST data between the BUSY reports and government portal. What steps should I take to fix this?

To reconcile gst data and BUSY data check:
 Step 1 : CHeck reports
 Step 2 : Data entry check
 Step 3 : Match tax rate
 Step 4 : Match invoice

Some transactions are applying % GST while some are applying % GST. How can I ensure the correct rate is applied consistently?

You can refer our invalid tax rate in vouchers report of Gst Audit report from display.
 Through this report you can check from which voucher you have calculated wrong tax.

I am unable to see my debit notes/purchase returns in the sales related GSTRWhy is this and how can I fix it?

Debit notes and purchase returns are not shown in sales-related GSTR-1 in BUSY because they are part of GSTR-2. To fix this, check the GSTR-2 report for the relevant entries.

Why am I unable to see the exported Excel file for the GST purchase register report on the desktop in BUSY?

BUSY Software exports the file under the company folder in your BUSY installed drive, you should check there to locate the exported Excel file for the GST purchase register report.

The output tax payable is getting carried forward to next financial year but input credit is not. Why does this happen?

It is not possible to carry forward output credit as per the law, but input credit can be carried forward if it is not adjust in the current financial year.

Frequently AskedQuestions