Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
How do I ensure that credit notes I created are reflected in GSTR- in BUSY?
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
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 do I download GST reports from the software in Excel format for analysis?
To download GST reports from the software in Excel format for analysis, you can follow these steps:
1. Open the software and navigate to the reports section.
2. Select the specific GST report you want to download.
3. Choose the desired date range for the report.
4. Look for the export or download option within the software.
5. Select the Excel format for the download.
6. Choose the destination folder where you want to save the downloaded file.
7. Click on the download or export button to initiate the process.
8. Once the download is complete, you can open the Excel file and analyze the GST report data.
Why are my GST reports not separating freight and taxable values accurately? What can I do to fix this?
The GST reports in BUSY may not accurately separates freight and taxable values due to
configuration issue
To fix the issue follow the steps
Step1 Open the voucher in modify mode and click on freight
if freight charged in voucher as an item then click alter M on freight and specify a freight account ledger in specify sale account option
Step2 If the freight is applied as bill sundry master in BUSY then open it in modify mode and
make N in adjust in sale amount and make specify here then on account head to post option
select freight account ledger and save
I want to share our company's GST reports with our auditor. How can I export the data from BUSY?
To export GST data from BUSYto share with your auditor, follow these steps:
Step 1: Navigate to the Display Menu
Step 2 :Choose the specific GST report that contains the data you want to share with your auditor. Step 3 : Configure the date range for the report to cover the period you want to share with your auditor.
Step 4: lick on the Generate or View button to generate the GST report.
Step 5: Look for the export option within the report .
Step 6 :Click the Export or Generate button. Step 7 : Locate the exported file in the destination folder, and share it with your auditor
What should I do if the software freezes or stops responding when I try to add or edit data?
if the software freezes or stops responding when I try to add or edit datas in BUSY , then pls check the below steps :
Step 1: According to the BUSY Model, There are some features which is available in standard and Enterprise model but not in Basic. Make sure to seleect the correct model as per your BUSY license.
Step 2: If Company is open from the sub user and admin user has not given rights to the some feature then it will not show.
Step 3:Pls update the BUSY to the latest version as some feature was not there in are old BUSY version below BUSY 18.
How should I handle the additional GST credit in the monthly GST returns to avoid problems in my books?
To avoid the problems or discrepencies related to GST , You can made GST adjustment on monthly basis by following these steps:
Step 1: Go to Display section then click on GST summaries option.
Step 2: Now choose GST summary then specify data range and open the report
Step 3: You can press F4 key on GST Summary to post various GST Adjustment & GST Payment voucher. On pressing the F4 key, a message box appears in which you are required to select the option for which you want to post the voucher.
Step 4: After making all the required entries, Your GST credit balance will be adjusted.
How to delete or modify an incorrect GST adjustment voucher passed?
To delete or modify an incorrect GST adjustment voucher passed in BUSY, you can follow these steps:
Step 1: Go to Transactions then click on Journal option.
Step 2: Under journal option click on list then select screen.
Step 3: Select the date range of voucher posted then select the GST Nature as GST Tax Adjustments.
Step 4: Locate your incorrect GST adjustment voucher that you want to delete or modify.
Step 5: Select the voucher and choose the option to delete or press F8.
Step 6: If you choose to modify the voucher, make the necessary changes to the voucher details.
Step 7: Save the modified voucher.
Procedure to export GST reports from BUSY in Excel format?
To export GST reports from BUSY in Excel format, you can follow these steps:
1. Open BUSY.
2. Go to the Reports section.
3. Select the GST Reports option.
4. Choose the specific GST report you want to export.
5. Set the desired date range for the report.
6. Click on the Export button.
7. Select the Excel format for exporting the report.
8. Choose the destination folder where you want to save the exported Excel file.
9. Click on the Export button to start the export process.
10. Once the export is complete, you can open the Excel file to view and use the GST report data.
What is the process for validating entries in BUSY? How can I tell if an entry is valid or invalid?
To validate entries in BUSY, you need to validate HSN/SAC code and GSTIN, follow the below steps:
For Validate GSTIN:
Step 1: Go to Transaction tab and click on GST Misc. Utilities.
Step 2: Select Validate GSTIN Online option and click on multiple GSTIN.
Step 3: Load data and select account name and click on validate online.
For Validate HSN/SAC code:
Step 1: Go to Transaction menu and click on GST Misc. Utilities.
Step 2: Select Validate HSN Online and can select Single HSN or Multiple HSN.
Step 3: For all items select multiple and then load data.
Step 4: Select all and click on validate online and can see which HSN Code is valid or invalid.
There seems to be an issue with calculation of taxes on invoices. How to troubleshoot this?
If you're experiencing issues with the calculation of taxes on invoices in BUSY, Here are steps to help you address tax calculation issues:
Step 1: Verify that the tax rates are correctly configured.
Step 2; Each item may have different tax rates or exemptions so double-check the items. Step 3: Confirm whether the item prices are inclusive or exclusive of taxes.
Step 4: Double-check the total calculation of your invoices. Step 5: Verify the rounding rules applied to tax calculations.
Step 6: Check that the tax rates are appropriate for the invoice date.
Step 7: If you suspect data corruption, consider restoring your data from a previous backup.