Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
How do I access close ?
To access close 44, go to the GST report, then to the GST audit report, and select clause 44.
What should I select for "Calculate tax on exempted item sales" in BUSY when filing GSTR-? Should I say YES or NO?
No there is no requirement to calculate tax on exempted item sales as it is already exempted from tax
I am confused about which rule to apply for ITC reversal entry. How do I ensure I choose the right one?
You can consult with your CA or accountant to choose the correct rule for ITC reversal entry in BUSY.
I see some wrong or inaccurate entries showing up at the top in my GST report in BUSY. Is there a way to identify or flag these entries so I know they need to be fixed?
No, there is not provision in BUSY to flag any enteries, so that you can correct them in future.
I made some changes to my GST report view, but now I am unable to see certain values. How can I revert to the default view?
To see Default Report You can use shortcut key ALT+D in the concern Report it will load default report.
I need to re-import a report in BUSY but the save option is not appearing after importing. How can I save the imported report?
BUSY does not have a provision to import GST reports. However, you can import transactions through Excel in BUSY.
Can GST feature be enabled/disabled for an already created company?
Once GST has been enabled for a company in BUSY Accounting software, it cannot be disabled for that company.
I am facing an issue with missing or incorrect data in my GST reports. How can this be fixed?
Please provide more details as which GST report are you looking at and what details are missing or incorrect?
Will the ledger be automatically updated if I file my first GST return without making any payments?
No, the ledger will not be automatically updated if you file your first GST return without making any payments.
I am unable to find certain reports like GST Summary in BUSY. Where can I access them?
Can check GST Summary from Display - Gst reports - gst summary and select period and can open report.