Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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.
How to make gst payment?
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 options do I have to add custom fields like alias names, address etc. in the standard reports in BUSY?
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.
There seems to be a rounding off or small difference between the values in different accounting statements. Is this expected and how can I reconcile?
To reconcile Entries You can follow some steps:
Step 1: Go to the Display and click on GST reports .
Step 2: Now click on GST Audit Reports and then click on Reconcile Accounts and GST.
In this report you can check your data as per GST and what you have entered in BUSY.
Alternately if report is clear then you need to check your difference in short range With other report if it is mismatch.you can check month wise by enter date then you will get period in which mismtch will be exist and then you can check in short range of date within that mismatch period and then at last you will find the date where mismatch is heppening then you check your entries and rectify them.
I want to link my sales data from BUSY to the GST portal. What are the steps I need to follow to do this successfully?
To link your sales data from BUSY to your GST portal, there are two options. Follow these steps:
Step 1: Go to the GST reports under the display menu.
Step 2: Open the GST returns report and click on GSTR1 e-return.
Step 3: Within the GSTR 1 e-return, you'll find multiple options for generating the e-return file. For uploading sales data to the portal, there are two options: Direct upload or JSON.
Step 4: If you select Direct upload, the data will directly be uploaded to your GST portal for return filing. Choosing JSON will prompt the software to generate a JSON file, which you'll need to manually upload on the GST portal.
Step 5: Select the relevant month and other options, then proceed accordingly.
I want to record a GST payment made in one month for the previous month. How should I enter the voucher date and period?
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.
