Frequently Asked
Questions

Find Solutions to Common Issues Related to taxation - gst reports

FAQs

I made transactions tagging them as registered, unregistered and exempt but still cannot see them reported separately. What should I do to get separate reporting?

To see the breakup of expenses this way, please follow 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 Other Reports
Step 5: Look for the Tax Rate Wise Output Tax Report option, and click on it to access this specific report
Step 6: Review the Bifurcation of Tax Rate Wise Output Tax Data and Genate the report . Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates

I am unable to find the tax rate wise sales report in BUSY. Where is this report located and how can I generate it?

The tax rate wise sales report in BUSY,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 Output Tax Report option, and click on it to access this specific report
Step 6: Review the Bifurcation of Tax Rate Wise Output 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

What should I check to ensure that the GST input credit for my purchases reflects correctly in the GST return generated from BUSY?

To ensure that the GST input credit for your purchases reflects correctly in the GST return generated from BUSY, follow these steps:
Step 1: Verify that your vendors have provided valid GST-compliant invoices.
Step 2: You can cross-verify this information with the GST portal or through the auto-populated data in your GSTR-2A or GSTR-2B.
Step 3: Keep an eye on your Input Tax Credit (ITC) ledger in BUSY.
Step 4: Reconcile your vendor invoices with the data available in your GSTR-2A or GSTR-2Bon the GST portal. Step 5: Make sure that you are entering purchase data into BUSYin a timely manner.
Step 6: Regularly back up your accounting data and run data integrity checks to ensure the integrity of your financial data.

Why don't I see the option to select annual frequency when generating HSN summary reports in BUSY? It only shows monthly frequency.

HSN summary report, you can follow these steps to address the issue and ensure that purchase payments are included:
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 HSN wise Summary Report option, and click on it to access this specific report
Step 6: Review the Bifurcation of Tax Data and Genate the report . Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates

I want to view the total GST amount split by rates (% and %) in the HSN summary. What should I do?

HSN summary report, you can follow these steps to address the issue and ensure that purchase payments are included:
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 HSN wise Summary Report option, and click on it to access this specific report
Step 6: Review the Bifurcation of Tax Data and Genate the report . Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates

How can I generate a report with HSN summary for my inward and outward supplies? I'm unable to find this report.

HSN summary report, you can follow these steps to address the issue and ensure that purchase payments are included:
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 HSN wise Summary Report option, and click on it to access this specific report
Step 6: Review the Bifurcation of Tax Data and Genate the report . Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates

I want to view the HSN summary report but cannot find the option. What is the pathway to access this report?

HSN summary report, you can follow these steps to address the issue and ensure that purchase payments are included:
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 HSN wise Summary Report option, and click on it to access this specific report
Step 6: Review the Bifurcation of Tax Data and Genate the report . Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates

When I open the R file in Excel, the HSN summary is missing. How can I get this summary in Excel?

HSN summary report, you can follow these steps to address the issue and ensure that purchase payments are included:
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 HSN wise Summary Report option, and click on it to access this specific report
Step 6: Review the Bifurcation of Tax Data and Genate the report . Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates

What configuration settings are needed to include both sales and purchase payment data in the HSNY summary report in BUSY?

HSN summary report, you can follow these steps to address the issue and ensure that purchase payments are included:
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 HSN wise Summary Report option, and click on it to access this specific report
Step 6: Review the Bifurcation of Tax Data and Genate the report . Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates

I want to view HSN summaries for both GSTR- and GSTR- in BUSY. How do I get those reports?

HSN summary report, you can follow these steps to address the issue and ensure that purchase payments are included:
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 HSN wise Summary Report option, and click on it to access this specific report
Step 6: Review the Bifurcation of Tax Data and Genate the report . Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates