Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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
How do I generate my GST reports?
Please follow below mention steps to generate GST Report:-
Step 1:- Display Tab
Step 2:- GST Reports
It consist GST Summary, GSTR-1, GSTR-2 and GSTR-3B Details
I am not able to see the GST Summary option under Display menu. What should I do?
GST summary is not showing in display menu then please ensure that the GST should be enable from general tab and reopen company again.
What GST related compliances can be managed through BUSY and what features are available?
GST related comliance managed by BUSY are:-
GSTR-1 Direct Return filling option
File GSTR-3B,
Reconcile GST statements, such as GSTR-1, GSTR-2A, GSTR-2B, GSTR-3B
What books/accounts/registers should be updated after filing GSTR- to have proper audit trail?
You can check the GST summary and the profit and loss account under display menu for properly matching the sale puchase data in BUSY.
Why is my GST deduction included in the processed charge value?
The GST calculates on the total amount, including the deduction. This is the correct way to account for GST as per the GST rules.
How can I download the GSTR-A report from BUSY?
To download GSTR-2A data:
Step 1 : Click on transactions
Step 2 : GST misc utilities
Step 3 : Download GSTR JSON data
Step 4 : Download GSTR-2A
I need help configuring the GSTIN and linking the major/minor heads for GST.
You can enter company GSTIN by administration - feature - gst feature - enter GSTIN and GST Portal user name of the company.
How do GST tagged invoices reflect in my GST returns like GSTR-, GSTR-B?
GST tagged invoices reflect in GST returns:
Step 1 : Invoice level details
Step 2 : HSN codes
Step 3 : GSTIN
Step 4 : Tax amount
How do I account for late payment fees in my GST liability?
In BUSY can also enter late fees amount in GST payment Details Window in Journal voucher while doing GST payment to government entry.