Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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
How can I ensure the ITC, duty, tax and GST summary amounts align with the payments made for GST?
You can follow these steps to make sure that the amounts of ITC, duty, tax, and GST summary in BUSY match the payments made for GST:
Step 1: Record all the transactions related to GST in BUSY accurately and timely.
Step 2: Reconcile your books data with the portal data regularly and resolve any discrepancies.
Step 3: Tag ITC according to the GSTR2B report using the monthly ITC tagging option in BUSY.
Step 4: Check your GST Summary monthly and adjust the input and output amounts as needed.
Step 5: If there is any output balance in the GST Summary, pass the payment entry in BUSY to clear it.
I want to analyze supplies made to different states. How can I filter state-wise data in BUSY?
To filter or summarize Supply Outward Register or Supply Inward Register State wise follow the following steps:
Step 1: Go to Display Menu and Click on GST Reports option
Step 2: Click on GST Register.
Step 3: choose option Supply Outward Register or Supply Inward Register.
Step 4: Example Selected Supply Outward Register option
Step 5: Select All Party option
Step 6: choose required option and date Range and Click on OK.
Step 7: Supply outward register report will generate on screen.
Step 8: Click F7 to or click on filter option. Or you can do summarize with state wise. Use F5 or click on summary option.
The GST Summary report generated through BUSY do not look accurate. What could be wrong?
If the GST summary in BUSY does not show the correct data, it could be because of various factors. Some of the common ones are:
1. The vouchers have errors that affect the input and output calculations.
2. Some vouchers are skipped from the report because of the “Skip in GST Reports” option enabled in the Sale / Pur Type or Item Masters.
3. You have generated the GST summary for the wrong period.
4. The input and output adjustments are done incorrectly.
5. The output balance is carried forward from the previous period instead of being settled.
These are some of the possible reasons, but there could be more depending on your situation.
How do I select the file location where the GST reports should be saved?
To select the file location where the gst reports should be saved you have to follow below steps:
Step 1: Go to print/email/sms tab and then go to gst reports.
Step 2: Under GST reports select the kind of report you want to save such as gst summary, gst registers or gst returns.
Step 3: After selecting the report click on export option then select the file format you want to export in.
Step 4: Further it will ask for file name there you have to click on yellow folder and select the data location you wants to save your report then press OK.
Your GST report will be saved on that selected location.
I am trying to generate a purchase report with taxable amounts for each GST tax rate, but it is showing the total taxable amount instead. How can I show the taxable amount separately for each tax rate?
To check the taxable amount separately for each GST tax rate in BUSY software, follow the steps given below:
Step 1: Go to the Display menu.
Step 2: Click on GST Report, then GST Register.
Step 3: Select Sale Register.
Step 4: A window will appear with the options Local, Central, or Combined. Click on any one of these options.
Step 5: Select either Bill-wise, HSN code-wise, or Item-wise.
Step 6: Click on either B2B, B2C, or Combined.
Step 7: Define the date range you want to check.
The software will display the taxable amount according to the tax rate for each option you have selected.
How can I get a report with invoice details like document number, date, HSN code, quantity, value etc. filtered by a specific HSN code in BUSY?
get a report with invoice details like document number, date, HSN code, quantity, value etc. filtered by a specific HSN code in BUSY
To filter on HSN code press F7 to filter the report .
1. Day books
2. Stock ledger
3. Inventory register (Standard)
4. Inventory register (Columnar)
5. Bill Sundry ledger
6. Item day book
Inventory Summary :
1. Daily balances
2. Daily Summary
3. Monthly summary
4. Consolidated Summary
5. Transaction Summary
6. Min./ Max Summary
7. Check negative Stock
8. Unmoved item
9. Item wise discount
10.item Critical Level
11.Stock Aging FIFO basis
12.vender wise details
Why is the data not flowing properly from the sale invoices to the GST returns? What can cause this linkage issue?
If Sale Invoices are not showing properly in GST Returns then you can check at entry level.Entries should be correct as per GST Norms.If it is about amount that is not correct in GSTR Return as per total sales or no. of records is mimatch then you can run one Utility that is Update Voucher GST Summary and for this you can follow some steps:
Step 1: Take the backup of your concern company.
Step 2: Open your company and go to house keeping
Step 3: After click on house keeping Click on the Update Voucher GST Summary.
Step 4: Click on the partial or can select full and run the process.
I want to check my sales data for the entire year. What is the process to do this in BUSY?
If you want to generate sales data for the entire year, you can follow these steps:
Step 1: Go to Display Menu.
Step 2: Click on GST Reports option.
Step 3: Click on GST Registers.
Step 4: Click on Sales Register option.
Step 5: Choose option Local, Central or Combined.
Step 6: Click on Combined and select Bill-Wise.
Step 7: Click Both B2B and B2C option.
Step 8: Select required option voucher series, account master range, sale consider return.
Step 9: Select Date range as you required or if you want to generate sales data for the entire year.
Step 10: Click ON OK.
How can I refresh the voucher GST summary in BUSY?
Refresh the voucher GST summary in BUSY,follow these simple steps:
Step 1: Access the utility for updating the GST summary.
Step 2: You can usually find this in the Housekeeping or Utilities menu within the software.
Step 3: Decide whether you want to update partial data or the entire GST summary.
Step 4: For partial data, select Monthly Data Updation to update data for specific months.
Step 5: Follow the on-screen prompts to update the GST summary with the correct information that matches the changes you made to the GST amounts.
Step 6: After updating the GST summary, be sure to save the changes or confirm the update according to the software's instructions.