Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
What menu options should I select to see the annual GST summary in BUSY?.
To see the annual GST summary in BUSY, you need to follow the below steps:
Step 1: Go to Display, then select GST Reports, then select GST Summaries, then select Annual GST Summary.
Step 2: then select the annual GST summary to be generated on a monthly or quarterly basis as per your requirement.
Step 3: then select report type as inward supply, outward supply, output RCM, and all, then select as you require.
Step 4: then specify the month from April to March or as you require, then press OK and press F2 to open the report.
Whom should I contact to get customized GST reports without the ITC Reclaimed column in BUSY?
You can contact us on same number apart from that you can also contact to your registered channel partner for the same
Otherwise if you want to remove column in GST report please follow given below steps:
Step 1: Open your gst report in which you want to remove the column
Step 2: Then click on custom column
Step 3: Afterwards mention format name and untick the field id of that column and save the format
Step 4: Then go back to display and again open the report specify the format name and open it
Why am I unable to generate GST reports in BUSY after upgrading to the latest version?
If you are unable to generate GST reports in the updated version of BUSY, please follow these steps:
Step 1: Open BUSY and ensure that you are using the latest version.
Step 2: Go to GST and VAT configuration and check that you have selected the type as GST
Step 3: Now go to the GST reports section under display menu.
Step 4: Choose the specific GST report you want to generate, such as GSTR-1, GSTR-3B, or GSTR-9.
Step 5: Enter the required details, such as the reporting period and the GSTIN.
Step 6: Click on the Generate button to generate the report.
Why is there a difference of Rs. between my GST report total and sales register total?
Difference show due to many Reason such as account not tag in bill sundry or tag wrong account in bill sundry.
If Show difference between Gst Report and sale Register you can check these steps:
1. Take Backup of your data
2. Check Report in short Range and find difference date
3. Then check entry of that date and check any bill sundry use in vouchers or not
4. If bill sundry use check account tag properly or not
5. Check in item master may be tag some wrong account there
I am trying to pass a GST reverse entry from the ledger account of a vendor in BUSY but the system is not allowing me to do so. How can I pass the reverse entry from the vendor ledger?
In BUSY, you can pass a GST reverse entry from the ledger account of a vendor by following these steps:
Step 1: use a Debit Note or a Credit Note voucher for reverse gst entry
Step 2: Enter party Details in voucher entry
Step 3 : need to select the appropriate GST ledger to debit or credit.
Step 4: This depends on whether you are reversing an input GST (debiting the GST ledger) or reversing an output GST (crediting the GST ledger).
Step 5: Review the entry to ensure all details are correct,save the entry.
My GST summary is missing transactions. How can I ensure it captures all transactions in my specified date range?
To ensure that your GST summary captures all transactions of a specified date range in BUSY, you need to follow these steps:
Step 1: Make sure all the transaction correctly recorded with all the necessary details such as Sale / Purchase Type, ITC Eligibility, Taxes, etc.
Step 2: In the item master tax category properly configured.
Step 3: In accounting vouchers GST nature should be correct for registered expense, rcm expense, etc transactions.
Step 4: Make sure that in the item master or sale / purchase type the option of Skip in GST Reports should be disabled.
I made RCM bills in May but only are showing in GSTR Why can't I see all ?
If you made 10 rcm bills but only 9 is showing in GST reports you need to ensure given below steps:
1. If you enter rcm transaction in purchase make sure you have select purchase type that is made for rcm entry
2. Type should be compulsory
3. In case you have pass expense entry for rcm through journal make sure gst nature should be rcm expense
4. In expense ledger make sure rcm should be selected as compulsory
5. Make sure you have generate consolidate rcm payable voucher for that invoice properly
I am unable to generate GST voucher with % rate in the software. What should I do?
If you unable to generate GST voucher with 12% rate in the software, you need to check below reasons:
Step 1: Verify if you selected sales type or purchase type as itemwise or taxinclusive as a central, and specify the Tax rate in item master
Step 2: Ensure proper GST calculation for each row by hitting the enter button after entering the amount for each item.
Step 3: and also verify, if the sales type and purchase type are in individual and multi tax rate it should be the tax applied in bill sundry.
I want to transfer my previous GST liability to the current month. What entries do I need to pass to adjust this?
To transfer GST liability from one financial year to the next in BUSY, follow these simple steps:
Step 1: Within BUSY, locate the Administration menu.
Step 2: Under the Administration menu, click on the Change FY
Step 3: In the Change FY settings, you should find an option that allows you to Carry Forward Pending ITC Entries to Next FY.
Step 4: Choose this option to initiate the transfer of input tax credit to the next financial year.
Step 5 :Complete the process, and the input tax credit entries will be transferred to the next financial year.
Why am I unable to edit or enter GST details under the GST/VAT tab for an existing customer/vendor? The fields seem locked.
The primary reason is that in the GST/VAT tab, there's an option to edit only the company's GST number, not for customers or vendors.
To update GST numbers for customers and vendors, follow these steps:
Step 1. Navigate to Administration, then Master.
Step 2. Click on Account and choose Modify.
Step 3. Select the Party Name for which you want to update the GST Number.
Step 4. Edit the GST Number as necessary and save the changes in the master to apply them.
This process will enable you to link the GST Number for any existing party.