Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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.
I am unable to generate the JSON file for filing GSTRWhat should I do?
If you are unable to generate the JSON file for filing GSTR-9 in BUSY,follow these steps to troubleshoot and resolve the issue:
Step 1: Carefully read and understand any error messages
Step 2: Verify the accuracy of your GSTR-9 data in BUSY
Step 3: Ensure that all the relevant data, including your sales, purchases, input tax credit, and other GST-related transactions, is correctly recorded.
Step 4: Reconcile your data in BUSY with the data in the GST portal.
Step 5: Review your data for duplicate entries, which can cause errors in the JSON file
Step 6: Make sure that you follow the correct steps and that the software generates the JSON file accurately.
How do I correct the input tax credit amount in GSTR- in BUSY?
To correct the input tax credit amount in GSTR-1 in BUSY then follow the steps.
Step 1: Make sure that the purchase amount in the balance sheet and in the gst summary should be match.
Step 2: If the mismatch showing in both the report, then you need to check the in short date range in both the report.
Step 3: When you check in short range then you will get the particular date from which the mismatch is coming in the report.
Step 4: Then correct the entry of that date your issue will get resolve.
Additionally, you can check the reconcile account and GST for purchase under GST audit report for checking the mismatch.
What steps should I follow to successfully reconcile downloaded data in BUSY?
To successfully reconcile downloaded data in BUSY, you can follow these steps:
Step 1. Download the relevant data, such as GSTR 3B JSON data or GSTR data, from the BUSY portal.
Step 2. Click on Transactions
Step 3 : GST Miscellaneous Utilities.
Step 4. Import the downloaded data into the software using the provided import feature.
Step 5. Review the imported data and make any necessary corrections or adjustments.
Step 6. Match the imported data with the corresponding entries in your books or records.
Step 7. Resolve any discrepancies or differences between the imported data and your records.
Step 8. Once the reconciliation is complete, ensure that all the data is accurately reflected in BUSY.
What steps should I follow to compare the accounting data with the GST returns?
To compare the accounting data with GST return, you may downlod and reconcile the GSTR JSON data with the books of entries. Follow the below mentioned steps:
Step 1: Go to Transaction menu then click on GST misc. utilities.
Step 2: Click on download GSTR JSON data then select download GSTR data which you want o check..
Step 3: Click on download tab for which you want to check the report.
Step 4: Again go to transaction then select GST misc. Utilities.
Step 5: Click on reconcile GSTR data then select accordingly download GSTR JSON data party wise or voucher wise.
Step 6: From the same report you can compare the data one by one.
My sales register data is not getting accurately captured in GSTR What could be wrong and how can I rectify it?
If your sales data is not getting accurately captured in GSTR1 you can follow below steps:
Step 1: Make sure all the transactions entered by you is correct
Step 2: Make sure you have selected correct date range while opening the report
Step 3: Make sure you are using current and latest release of BUSY
Step 4: If same issue persist run update voucher GST summary from house-keeping menu
Step 5: Before uploading GSTR data to portal we recommend you to check all the errors such as errors in transaction,error in document summary and error in hsn summary etc
Step 6: You can also check gst audit reports before proceeding for the GSTR return
Some information like a photo or document is not enabled in my reports. How can I enable it to view properly?
If you want to add item image in Item Master, you can follow these steps:
Step 1: Go to Administration and click on Configuration.
Step 2: Select Features / Options and click on Inventory tab.
Step 3: Here, you will find an option called Maintain Images/Notes with Masters/Vouchers mark the check box to turn it on and click on configure button.
Step 4: Mark the check box next to Maintain Image with Item Master and specify the Image Folder that contains the images. Make sure image should be in JPEG format and also their name should be as your Item Name / Alias.
After done all that configurations image will reflect in your Item Master.
I want to reconcile GST amounts with sale amounts. What feature or report can help compare GST and sale values?
To reconcile GST amounts with sale amounts in BUSY, ,Here are steps to help you resolve the issue:
Step 1: Verify that the amounts, tax codes, and GST details are accurately entered.
Step 2: Make sure that invoices are correctly matched.
Step 3 : Run the Update master balance utility from House-Keeping menu .
step 4: Ensure there are no duplicate entries that may be affecting the balance.
Step 5: Check the reporting period of the GST Summary report.
Step 6 : Update the GST Voucher Summary from house keeping menu .
Step 7 :If the issue persists or is complex, consider consulting with a professional accountant or auditor who can review your records