Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
The HSN codes are not showing properly in the exported GST reports. How can I resolve this?
It is possible that the HSN codes were not updated properly in the Item Master, which is why the changes are not reflecting in the exported GST reports.
To update HSN codes in BUSY, follow these steps:
Step 1: Go to the Administration section and click on Masters.
Step 2: Select the item and open it either from the Modify or List option.
Step 3: Select the item master for the item whose code you want to update.
Step 4: Update the HSN code manually and save the item master then export GST report with updated HSN codes.
Note: Ensure to take the latest backup of data before initiating any process.
I see a difference between the GST liability amount shown in the GST portal versus in the BUSY software. What could be the reason?
If you are seeing a difference between the GST liability amount shown in the GST portal
versus in the BUSY that means you have not adjusted GST input and Output properly
follow the steps to resolve the issue
1 Go to display menu and click on gst reports
2 click on GST summaries then click on GST summary
3 select the period and ok
4 after opening the gst summary report click F4 to adjust gst one by one
first adjust input output adjustment then click on cross adjustment then on RCM to regular
tax adjustment and passout the jouranl vouchers create by BUSY automatically
5 after all adjustment then BUSY will show you the correct tax liablity
I am unable to change a sale from BB to BC even after updating the customer details. Can you help me troubleshoot this?
Please follow below steps if you are unable to change B2B transaction to B2C:
Step 1: Make sure you have selected type of dealer as UN-Registered in party master
Step 2: If using billing/shipping details option in voucher ensure that gst report basis is as per party master or as per billing/shipping details
Step 3: If it is selected as billing/shipping details it means gst report will generate according to the billing/shipping window
Step 4: If it is selected as as per party master it means gst report will generate according to the party master specified by you in voucher
Step 5: Make sure all the details specified in voucher in all the fields is accurate
I am unable to locate the GST A register in the GST Returns menu. What steps should I follow to access this?
To locate the GST 2A register in the GST Returns menu, the GSTR 2A report is located in the GST register. For this, you need to follow the below steps:
Step 1: Go to Display, then select GST Reports.
Step 2: then select GST Registers, then select GSTR-2A Register, then select party-wise or voucher-wise, then select the from and to month, and then select the relevant information and load the report by pressing F2 or OK.
Step 3: Before this, make sure you have downloaded the GSTR2A data from Transactions, then select GST Misc. Utilities, then select Download GSTR JSON Data, then select Download GSTR-2A, and click on month-wise in the automatic option to download the data.
I want to record provisions for GST liability if I have not paid GST in the same month. How can I do this in BUSY?
In BUSY software, you can record provisions for GST liability if you haven't paid the GST in the same month. Here are the steps to do this:
Step 1: If you haven't already, create a separate provision account for GST liability.
Step 2: Create Provision account .
Step 3: Go to the Journal Voucher or Journal Entry section in BUSY.
Step 4: Debit your GST Liability Provision account with the amount you want to provision for.
Step 5: Credit a suitable account
Step 6:This could be an expense account or a Provision for Expenses account
Step 7: Save the journal entry and post it. Step 8 :This records the provision for GST liability in your accounts.
I want to add special sections like Section , file inviolable, ITP in the purchase voucher. How can I do this configuration in BUSY?
Section 17, file inviolable, ITP in the purchase voucher. How can I do this configuration in BUSY
Step 1 : Update BUSY latest rel
Step 2 : relavant section information already updated into software
Section 17(5) of CGST Act refers to a specific provision under GST covering blocked credits or ineligible ITC. The taxpayer cannot claim ITC while paying output tax when they make purchases listed in this provision.
This provision provides a list of 11 clauses on which ITC is not available for claims. Section 17 (5) of CGST Act overrides provisions of Section 16(1) “Availability of ITC in general when used for business” and Section 18(1) “ITC availability in special cases”.
I need to make corrections in my GSTR for a particular month. How can I edit and regenerate this report in BUSY?
To make corrections in your GSTR-1 report for a specific month in BUSY, follow these simple steps:
Step 1: Go to Display in the main menu.
Step 2: Select GST Reports.
Step 3: Choose GST Returns from the options.
Step 4: Click on GSTR-1.
Step 5: Select the desired date range and provide any other relevant information required for generating the report.
Step 6: Click OK or press the F2 key to open the GSTR-1 report.
Step 7: Within the report, find the section that provides a column labeled Invalid data found.
Step 8: Review this column to identify entries with invalid details.
Step 9: Correct any entries with invalid details.
These steps should help you edit and regenerate your GSTR-1 report after making necessary corrections.
I am facing problems with certain features like credit notes or inventory management in BUSY. What can I do to resolve them?
BUSY, you need to correctly record and report these credit notes. Here's a step-by-step guide to ensure their proper reflection:
Step 1: Create Credit Notes or sales return from transaction menu
Step 2 : Assign the appropriate tax rates to credit notes, especially if they involve GST. Step 3 : Navigate to the Display section, and look for the GST Returns - GSTR-1 report.
Step 4 : Report based on the relevant tax period (usually a month or a quarter)
Step 5 : When you generate the GSTR-1 report, it should automatically include the credit notes Step 6: Carefully review the GSTR-1 report to ensure that the credit notes are accurately reflected in the report.
How can I add the reason and original invoice details to credit notes in BUSY so they appear properly in GST reports?
BUSY, you need to correctly record and report these credit notes. Here's a step-by-step guide to ensure their proper reflection:
Step 1: Create Credit Notes or sales return from transaction menu
Step 2 : Assign the appropriate tax rates to credit notes, especially if they involve GST. Step 3 : Navigate to the Display section, and look for the GST Returns - GSTR-1 report.
Step 4 : Report based on the relevant tax period (usually a month or a quarter)
Step 5 : When you generate the GSTR-1 report, it should automatically include the credit notes Step 6: Carefully review the GSTR-1 report to ensure that the credit notes are accurately reflected in the report.
I want to apply the correct GST tax rates in BUSY as per government rules. How can I configure or update this?
to apply the correct GST tax rates in BUSY as per government rules, you need to check the reasons below:
Step 1: You need to check the GST tax percentage as per the government regulations you require and apply it in your BUSY schedule. For this, you need to follow the below steps:
Step 2: Go to Administration, then select Masters, then select Tax Category, then select Modify, and select the tax category that you want to update.
Step 3: In the tax category master, you can update the tax percentage as per the government regulation in the changes in tax rates option. In this, you can update according to your update date.