Frequently Asked Questions

To select the file location while exporting GST reports from BUSY, you can choose the folder path after click on export option then proceed to export report on that path .

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.

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

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.

In GSTR 1 shows the voucher entries in which you have applied the GST. If you pass the voucher entry without GST then will not consider in the GSTR 1

If you have generated an invoice with a future date, it will be displayed on the portal on the same date as when the invoice was generated, following its upload.

Charging GST for inter-state transactions involving services provided to unregistered customers in BUSYcan be a straightforward process. You'll generally be charging IGST (Integrated Goods and Services Tax) in such cases.

In BUSY, you can check the purchase returns reflected in GSTR1 by generating the GSTR2 report. GSTR2 report captures purchase returns, while GSTR1 report only captures sales and sales returns.

Mentioning the Goods and Services Tax (GST) number of the billing party in your software is typically a legal requirement in jurisdictions where GST or similar consumption taxes are implemented.

To reactivate your GST API access, you need to log in to the GST portal and go to your profile. From there, you can enable API access for 30 days.