Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
Why is the tax rate wise report not showing me the item details for my BC local sales with % GST?
To see item details for your B2C local sales with 18% GST in the tax rate-wise report, follow these steps:
Step 1:Go to Display
Step 2:Open GST reports.
Step 3:Select GST register.
Step 4:Choose sales register.
Step 5:Select register to be shown as combined.
Step 6:Choose item-wise.
Step 7:Select B2C.
Step 8:Enter the date range.
Step 9:Open the report to view the item details for B2C local sales with 18% GST.
Following these steps will provide you with the tax rate-wise report including item details for your specified B2C local sales with 18% GST in BUSY.
When are taxes calculated and paid? How does the system handle taxes?
In BUSY, tax will calulate at voucher entry on the basis of tax category specify in item and and sales/purchase types select during invoicing and the tax will paid as per filing status of GSTR3B on the basis of difference between input and output tax.
In BUSY, you can check the total output tax and input tax with difference for specific period in GST summary by follow these steps:
Step 1: Go to display then click on GST reports
Step 2: Choose the GST summaries then select the GST summary.
Step 3: Mention the date range and view the report.
How can i reflect the pending ITC voucher in some other month.
In BUSY, We have option of Monthly ITC Tagging which we can use to show the previous pending voucher in any month as per our requirement. In GST reports, we can enable the option Monthly ITC Tagging then will show data as per tagging.
Pls Follow the Below Steps :
Step 1: Transactions
Step 2: GST Misc Utilities
Step 3: Click on monthly ITC tagging as per GSTR 2A or GSTR 2B as per your requirement.
Step 4: Select the voucher then press F4 Shortcut Key, Mention the status as Claimed then select the Return period.
Which one feature required to get GSTR-1 report series wis
For GSTR-1 report series wise we need to create voucher series group below are the step to create voucher series group
Step 1: Open a BUSY company
Step 2: go to administration, then configuration, then voucher series configuration.
Step 3: Then click on voucher series group management and click on the Add voucher series group option to create a series group.
Step 4: Tag the particular series under the series group.
Step 5: Go to the display option, then GST Reports, then GST Return, and then GSTR-1. Select the voucher series group to generate the series-wise report.
I am unable to tag ITC to specific items in the software. How can I enable ITC tagging for tracking ineligible credits better?
No option available for tagging ITC item wise, you have to tag ITC Eligibility in the voucher.
To enable ITC tagging feature in BUSY software, you can follow below steps:
1. Go to administration then click on configuration.
2. Select Feature/Options and then click on GST/VAT.
3. Enable ITC tagging feature.
4. Go to the Transaction tab and click on gst misc utilities.
5. Click on Monthly ITC tagging as per GSTR 2A or 2B then specify month and open the report.
6. Click F4 for tag status for ITC.
I am unable to find the item-wise breakup for my BC sales with % GST. What should I do to get this data?
To see item details for your B2C local sales with 18% GST in the tax rate-wise report, follow these steps:
Step 1:Go to Display
Step 2:Open GST reports.
Step 3:Select GST register.
Step 4:Choose sales register.
Step 5:Select register to be shown as combined.
Step 6:Choose item-wise.
Step 7:Select B2C.
Step 8:Enter the date range.
Step 9:Open the report to view the item details for B2C local sales with 18% GST.
Following these steps will provide you with the tax rate-wise report including item details for your specified B2C local sales with 18% GST in BUSY.
I uploaded the GST returns file generated from the accounting software to the portal but the amounts are not matching. Why could this be happening?
Here are common reasons for the mismatch and potential solutions:
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 .
My GST returns were filed through BUSY but I am still seeing differences in input credit between software and portal. Why is this happening?
If you seeing differences in input credit between software and portal,
You need to reconcile GSTR data to match the BUSY reports and portal reports for GST, you need to follow the below steps:
Step 1: Click on transactions.
Step 2: GST misc utilities
Step 3: Download GSTR JSON data.
Step 4: Then Reconcile GSTR data for GSTR-1, GSTR-2A (Party wise) and (Vch. wise), GSTR-2B (Party wise) and (Vch. wise), GSTR-3B,
Step 5: Then select the relevant information and set Yes to mismatch report only to view the mismatch details.
How can I check if there are any sales returns to include in my GST report? What option should I select for this?
To check if there are any sales returns to include in your GST report, you can follow these steps within your BUSY:
Step 1: Go to Transactions menu
Step 2: Select Sales or sales return
Step 3: Review Sales Returns with specific date range
Step 4: Double-check the details of each sales return, including the return date, the customer's information, the returned items, and the amount involved.
Step 5: Review the final totals in your GST report to make sure they accurately reflect both your sales and sales returns for the reporting period.
I received debit notes on June but was unable to claim the ITC for them before the month ended. How can I claim the ITC for these debit notes in the current month?
To claim debit note in current month then follow the given steps :
Step 1: Go to Transaction menu
Step 2: Click on Gst Misc. utilities
Step 3: Then click on Monthly ITC Tagging as per GSTR2A option
Step 4: Then select as per party wise or voucher wise
Step 5: Then specify month and click on OK button
Step 6: Then select particular entry and press F4
Step 7: Then specify the status of teh ITC and select month
Step 8: Then you can claimed invoice in current month