Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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.
How can I get purchase register reports with voucher-wise and date-wise breakup for exempted and taxable values?
To get purchase register reports with voucher-wise and date-wise from BUSY, follow these 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 purchase 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: you can select as Bill wise option . Step 8: This report will display a breakdown or bifurcation of the output tax data based on tax rates
How do I link my inventory details with the GST reports? I am unable to match them.
It is not required Inventory details in GST Return but if you want to check GST reports with inventory. Kindly follow the following steps:
Step 1: Go to Display Menu.
Step 2: Click on GST Reports option
Step 3: Under GST Reports click on Sales Register or Purchase Register.
Step 4: Choose the option register to be shown as Local, Central, Combined.
Step 5: for example, selected Combined option
Step 6: Select Item-wise option.
Step 7: Select Both B2B and B2C option.
Step 8: Select sales register (Item-Wise)
Step 9: Choose option as you required Voucher Series, Account Master Range, Date Range.
Step 10: Click on OK. Confirm your selections and generate the Sales Register report with the specified parameters.
I want to know the tax breakup (GST split like %, % etc) for my stock valued at X amount purchased over a period. How can I generate this report in BUSY?
If you're exporting a GST purchase report that includes both 18% and 12% GST sales,Here's how you can do it:
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 Other Reports
Step 5: Look for the Tax Rate Wise input Tax Report option, and click on it to access this specific report
Step 6: Review the Bifurcation of Tax Rate Wise input Tax Data and Generate the report .
Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates
I need more clarity on how BUSY handles input credit adjustments across different tax heads like IGST, CGST, SGST etc. Is there any documentation explaining this?
Here's a general process for adjusting input and output GST 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 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 9: This will update your GST ledger and balances based on the adjustments or payments made.
