Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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.
How can I customize my reports in BUSY to add or remove certain fields like address, phone number etc?
You can customize the report through custom column.
Pls Follow the Below Steps for Custom Column in Reports:
Step 1: Open the required report and Click on Custom Column Option
Step 2: Mention the Format Name
Step 3: Click on Add New Column or Add New Row
For New Column :
Step 1: Mention the Heading, Position ,Data type Field and Alignment as per your need.
Step 2: Select the Field Value - Data Field
Step 3: Select the Category - Account Master or Inventory Header
Step 4: Select the required field
For New Row :
Step 1: Enable the sub details option
Step 2: Mention the Show After and Column Field, For when should show and under Which Column.
Step 3: Select the Category, Column Name and Required Field.
What steps should I follow to extract my GST reports from BUSY? I am unable to find the option.
In BUSY software, you can extract your GST Reportsby 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
What is the right process to record GST payment for previous period made in current financial year 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.
I am confused about the right way to record advance GST payments in BUSY. What is the correct method?
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.
