Frequently Asked Questions

Q: Why am I still seeing the same file after downloading?

still seeing the same file after downloading then make sure that the downloaded file will correct or not or you download same file multiple times

Q: What are the different sections in the GST report template?

There are the different sections in gst report include as B2B, B2C, Exempt, Nil rated, Document summary, HSN summary, Credit Note/Debit Note and so on

Q: What are the different GST reports available in BUSY?

BUSY provides various of GST reports under the Display menu such as: GST Summary, GST Registers, GST Returns, GST Audit report and GST Other Reports.

Q: What additional GST features are available in BUSY?

In BUSY, there are additional GST features available such as GST return filing, GST invoice generation, GST reconciliation, e-Way bill generation, and GST compliance management.

Q: I created multiple subgroup accounts under Duties and Taxes. Now transactions are not getting tagged properly. What is the correct way to set up accounts for GST, TDS, etc.?

For GST-related accounts, make sure you group them under 'Duties and Taxes,' and set the tax type according to whether it's GST or TDS.

Q: I made an adjustment entry to nil the GST but it is still showing up in my balance sheet. Why is that?

It is possible that some bills have not been fully adjusted, which is causing the adjustment entry to still appear on the balance sheet.

Q: How can I match my total invoice amounts/expenses between my books and GST reporting in BUSY when some input tax is ineligible?

Matching of total tax amount and gst reporting: Step 1 : ITC eligibility Step 2 : Seperate ineligible expense Step 3 : Regular reconciliation

Q: I want to know if tax is being deducted properly in my GST summaries. Can you confirm if this is happening?

To check GST summary showing proper tax check : Step 1 : Review your transactions Step 2 : Check input and output tax in GST summary

Q: The GST reports are not showing data in the format I need. How can I customize the report output in BUSY?

The standard GST reports in BUSY can not be customized or altered because the software does not provide the option to modify them

Solutions to common issues related to Taxation — Gst Reports.

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Step-by-step Answers

Why am I still seeing the same file after downloading?

still seeing the same file after downloading then make sure that the downloaded file will correct or not or you download same file multiple times

What are the different sections in the GST report template?

There are the different sections in gst report include as B2B, B2C, Exempt, Nil rated, Document summary, HSN summary, Credit Note/Debit Note and so on

What are the different GST reports available in BUSY?

BUSY provides various of GST reports under the Display menu such as: GST Summary, GST Registers, GST Returns, GST Audit report and GST Other Reports.

What additional GST features are available in BUSY?

In BUSY, there are additional GST features available such as GST return filing, GST invoice generation, GST reconciliation, e-Way bill generation, and GST compliance management.

I created multiple subgroup accounts under Duties and Taxes. Now transactions are not getting tagged properly. What is the correct way to set up accounts for GST, TDS, etc.?

For GST-related accounts, make sure you group them under 'Duties and Taxes,' and set the tax type according to whether it's GST or TDS.

I want to see breakup of the taxable value, total tax liability, CGST and SGST in my GST reports. Which report should I use?

to see breakup of the taxable value, total tax liability, CGST and SGST in my GST reports then you can use GST SUMMARY report

I made an adjustment entry to nil the GST but it is still showing up in my balance sheet. Why is that?

It is possible that some bills have not been fully adjusted, which is causing the adjustment entry to still appear on the balance sheet.

How can I match my total invoice amounts/expenses between my books and GST reporting in BUSY when some input tax is ineligible?

Matching of total tax amount and gst reporting:
 Step 1 : ITC eligibility
 Step 2 : Seperate ineligible expense
 Step 3 : Regular reconciliation

I want to know if tax is being deducted properly in my GST summaries. Can you confirm if this is happening?

To check GST summary showing proper tax check :
Step 1 : Review your transactions
Step 2 : Check input and output tax in GST summary

The GST reports are not showing data in the format I need. How can I customize the report output in BUSY?

The standard GST reports in BUSY can not be customized or altered because the software 
 does not provide the option to modify them

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