Frequently Asked Questions

To transfer the tax liability to the payable account correctly in BUSY as per GST requirements, you can follow these steps:
 1. Create a separate account for tax payable under Current Liabilities.
 2. Record a journal entry to transfer the tax liability amount from the tax account to the payable account.
 3. Make sure to select the appropriate tax code and tax rate while recording the entry.
 4. This will show the tax liability as a payable amount in the payable account.
 5. When making the actual payment, clear the tax liability against the Cash/Bank account.
 By following these steps, you can transfer the tax liability to the payable account correctly in BUSY as per GST requirements.

To get accurate ITC in BUSY, you can use monthly ITC tagging option and claim the ITC as per GSTR2B. To do the same follow these steps:
 Step 1: Go to the Transactions menu and select GST Misc. Utilities. 
 Step 2: Choose Montly ITC Tagging as per GSTR-2A / 2B and enter the period then open the report. 
 Step 3: You need to press F4 to change the status and select ITC Status as Claimed and mention the return period. 
 Step 4: Now, when you generate the GSTR-3B return set Y on Pick Relevant ITC from Monthly ITC Tagging? 
 The report will generate will all the ITC that you have tagged in the selected period.

Here's how you can identify and fix such discrepancies:
 Step 1: Reconciliation helps identify discrepancies that may be due to rounding errors or other issues.
 Step 2: Double-check the accuracy and completeness of data entry
 Step 3: When recording transactions, ensure that you apply consistent rounding rules. Step 4: Duplicate entries can lead to discrepancies in account balances.
 Step 5: Pay attention to decimal places in your transactions.
 Step 6: Small discrepancies can also occur due to bank charges, interest, or fees.
 Step 7: If you have outstanding checks or deposits that have not cleared your bank account, these can cause discrepancies. Step 8: Confirm that receipts and payments received or made in cash or checks are accurately recorded

To address this issue and ensure that your inventory numbers are updated correctly, you can follow these steps:
 Step 1: Double-check all data entries related to inventory transactions, including purchases, sales, returns, and adjustments.
 Step 2: Verify that the transaction dates are accurate.
 Step 3 : Ensure that you are using the correct voucher types for inventory transactions
 Step 4: Check your inventory valuation method (FIFO, LIFO, Weighted Average, etc.)
 Step 5: Assigned inventory items to the correct stock groups and categories. 
 Step 6: Review the stock item masters to ensure that item details are accurate and up-to-date. 
 Step 7: Remove any duplicate transactions.
 Step 8: Pay close attention to opening balances, purchases, sales, returns, and adjustments.

If you want to filter your Purchase Register report in BUSY based on purchase types like GST, Non-GST, and so on,Here's how:
 Step 1: Navigate to the Purchase Register or Purchase Invoice Register report.
 Step 2: You will want to add a custom column for the GST Nature field.
 Step 3: Add a custom column for the GST Nature field
 Step 4: Specify the name of the column, and make sure it displays the GST type for each transaction
 Step 5: After adding the custom column, apply filters to categorize the data based on the GST Nature field. Step 6: Generate the Purchase Register report with the applied filters to view transactions based on the purchase types you've defined.

To resolve issues with generating GST reports in BUSY, you can try the following steps:
 Step 1 : Ensure that you have the latest version of the software installed.
 Step 2 : Check your internet connection to ensure it is stable.
 Step 3 : Clear the cache and cookies of your browser.
 Step 4 : Restart your computer and relaunch the software.
 Step 5 : Verify that you have entered the correct GSTIN and other relevant details.
 Step 6 ; Double-check the settings and configurations for generating GST reports.
 Step 7 : If still issue facing , you can you can contact to our support helpline no i.e. 8282828282 or 40964096 or also can email us at support@busy.in

In BUSY, you can't see the register with both items and HSN codes together by default. To do that, follow these steps:
 Step 1 : Go to the Display menu and choose GST Reports.
 Step 2 : Select GST Register and then choose either Sales Register or Purchase Register.
 Step 3 : Within the Register, pick the option to view the report based on Bill-Wise, item-Wise, HSN Code-Wise.
 Step 4 : Execute the report and use the Custom Column option to create a new format. Add a new column for the HSN code.
 Step 5 : Now,Generate the report again using the format you just created. This will display the Sales/Purchase Register with Item and HSN Code details.

In BUSY, we have to add tax rate in Item master with HSN Code, GST details in party master and charge GST during Voucher entry. Accordingly will reflect in GST Reports and generate ereturn also.
Pls Follow the Below Steps:
Step 1: Administration
Step 2: Masters
Step 3: Account 
Step 4: Add it and mention the Required GST Details like Country, State ,GST Number, PAN Number and Type of Dealer. GST Validate option is given.
Step 5: Item
Step 6: Add it with GST details like Correct Tax rate , HSN Code. HSN Validation option is given.
Step 7: Transaction
Step 8: Select the required Voucher type and charge GST by selecting Sale/Puc Type.
Step 9: Under Display Menu, Can check GST Reports with multiple filteration type.

To reconcile the profit and loss turnover and taxable turnover then follow the below steps.
Step 1: Take the backup of your company.
Step 2: Then check in short range in both the report of profit and loss turnover and taxable turnover.
Step 3: You will get a particular date from which the mismatch is coming in the data.
Step 4: Then check the difference value which is coming in both the report of that date.
Step 5: Then correct those vouchers and save it.
Additionally, you can check the reconcile accounts and GST for sales from GST audit report under Display menu.In this report, you will get the voucher from which the difference is coming in both the report then manually correct it.

To reconcile GST input tax in GSTereturn, please follow below mentioned steps:
 Step 1: Go to display menu and then GST Summary
 Step 2: Ensure your balance tax payable and ledger balance both value should be matched.
 Step 3: Press F4 to adjust the CGST,SGST, IGST output balance to adjust with input balance.
 Step 4: Press F4 for adjusting output bal(if any) with input balance of other head.
 Step 5: Debit balance of all heads wil carry forward in next month automatically and credit balance, you need to make payment at the end of month in GST payable account. 
 For reflecting the RCM credit under CGST and SGST, post adjustment entry of RCM to regular tax adjustment.