Frequently Asked Questions

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.

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.

To Print Credit note from supply outward register then follow the given steps :
 Step 1: Go to display menu 
 Step 2: Click on gst report 
 Step 3: Then click on Gst register 
 Step 4: Then click on supply outward register 
 Step 5: Then select All party or one party as per your requirement 
 Step 6: Then specify date range 
 Step 7: Then select section as Credit/debit note (registered or unregistered) - 9B as per your requirement 
 Step 8: Then click on OK button and open report 
 Step 9: Here you are print or export the report of credit note

Here are the steps for IGST settlement entry in BUSY at the end of the tax period:
Step 1: Go to Display menu 
Step 2: Click on Gst reports option 
Step 3: Then click on Gst summary option 
Step 4: Then click on Gst Summaries 
Step 5: Then specify date range and click on Ok button 
Step 6: After open the Gst summary window press F4 for tax settlement 
Step 7: Then select Input/Output adkustment option to adjust the tax 
Step 8: then specify voucher series and date then click on save button 
Step 9: Then Journal voucher has been created and click on save button to create the invoice

To setup and configure taxes in BUSY properly in BUSY you need to follow the steps 
1 go to administration menu and click on configuration then click on feature options 
2 click on GST VAT option 
3 enable GST VAT reporting and select type as GST then select type of dealer and 
return filling frequency 
4 click on create default GST masters then yes then select specific tax rates which 
you have then fill the gst number and fill gst portal user name and save 
5 then create item master and select proper tax category on it so that it could be pick 
tax amount properly when generate Voucher

To file GST returns that was generated from the accounting software. please follow the process to identify and fix errors before filing
 Step 1: Check Incomplete or Missing Transactions.
 Step 2: Check for any unrecorded transactions and enter them into your accounting software.
 Step 3: Double-check the tax rates and tax codes used for each transaction.
 Step 4: Changes in GST tax rates by the government can lead
 Step 5: If the discrepancy is complex or persists,consider consulting a tax professional or a chartered accountant who is well-versed in GST compliance.
 Step 6 : Check GST Audit report and reconcile report to find mistch amounts and accounts .

To Check Sales/Purchase Rgister with Item and HSN Code and GST detail, Please follow below 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.

To record business-to-business (B2B) sales returns in BUSY. follow these steps:
 Step 1: Once you are logged into the software, look for the Display menu.
 Step 2: Within the Display menu, you should find a submenu or option related to GST Reports.
 Step 3: Click on it to proceed.
 Step 4: In the GST Reports section,Look for the option labeled GST Returns.
 Step 5: Look for the Gstr 1 option, and click on it to access this specific report
 Step 6: There is option to the open report 
 Step 7: This report will display a breakdown or bifurcation of the output tax data based on tax rates

Reviewing journal entries over a specific date range in BUSY to identify GST tax adjustment mismatch errors involves several steps.
 Step 1: Access the journal entries go to transaction section.
 Step 2: Select List of Journal transaction.
 Step 3: Set Date Range
 Step 4: Use filters or search options within the journal entries section to narrow down your search. 
 Step 5: Identify journal entries related to GST tax adjustments or corrections
 Step 6: Carefully review each journal entry to check for any mismatches or errors in the GST tax adjustments
 Step 7: Cross-Reference with invoices, purchase orders, and GSTR-1 or GSTR-3B returns, to ensure that the adjustments

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.