Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
Why am I unable to claim input tax credit for certain business expenses like audit fees? What expenses are eligible for input tax credit?
You might not be able to claim Input Tax Credit (ITC) for certain business expenses like audit fees for a few reasons:
Step 1: Some expenses may not have GST on them, so you can't claim ITC for those.
Step 2: In some cases, the tax laws block or limit ITC for certain expenses, like audit fees, especially if they are related to regulations or legal matters.
Step 3: If the expense is personal or not business-related, you can't claim ITC.
Step 4: If you don't do this, you may not be eligible for ITC.
I am unable to download GSTR B for a specific month in BUSY. What could be the issue and how can I fix it?
If you unable to download GST for few months you can try the following steps to resolve the issue:
Step 1 : Check your internet connection and ensure it is stable.
Step 2 : Clear your browser cache and cookies.
Step 3 : Disable any antivirus or firewall software temporarily and try downloading again.
Step 4 : Try downloading the tool using a different web browser.
Step 5 : If still issue facing , you can you can contact to our support helpline no i.e. 8282828282 or 40964096 or also can email us at support@busy.in
I tagged my input tax credit correctly but it is still not showing right in my GST return. Why could this be happening?
If data for the reverse charge Input Tax Credit (ITC) is not showing in your GST returns, there are several potential reasons for this issue:
Step 1: Double-check your data entry to ensure that you've correctly recorded the reverse charge transactions
Step 2: Make sure you have accurately matched the purchase invoices with the corresponding seller's sales invoices
Step 3: Some reverse charge transactions may be reported in GSTR-3B or other forms, depending on the nature of the transaction.
Step 4: Review the GSTR-2A and GSTR-1A reports on the GST portal to cross-verify the transactions.
How can I check the details of the B report before uploading it to the GST portal in BUSY?
To check the details of the 3B report before uploading it to the GST portal in BUSY, you need to follow the below steps:
Step 1: Go to Display, then select GST Reports, then select GST Returns, then select GSTR-3B.
Step 2: then select the date range, and then select the relevant information as you require, and then press F2 or OK to load the report.
Step 3: After loading the report, you will find the details for every section, like section (17) 5, section (16) 4, etc. for GSTR 3B report.
I want to file GST R through the BUSY but am running into errors. What troubleshooting can I do?
want to file GST R1 through the BUSY,Find out the steps to succesfully Direct upload gstr from BUSY
Step 1: Go to the Administration menu and select Configuration.
Step 2: Choose Features / Options and then GST / VAT.
Step 3: Enter your GST portal username and make sure gst no also mentioned
Step 4: Then go the Display menu and select GST Reports.
Step 5: Then go to GST Returns
Step 6 :Then go to GSTR-1 eReturn and select Direct Upload option
Step 7 : Enter the date range and upload return
What are the common data entry mistakes that lead to sales figure mismatches in different reports in BUSY?
To avoid these data entry mistakes and ensure accurate sales figures in your BUSY reports: Implement proper training for data entry personnel. Set up internal controls and review processes to catch and correct errors. Use accounting software features like data validation and reconciliation. Regularly reconcile your sales data with source documents. Double-check data entry for accuracy and completeness. Document discounts, returns, and refunds accurately. Use automated features for tax calculations and currency conversions. Periodically audit your sales data to identify and rectify discrepancies. Stay informed about GST or other tax regulations to ensure proper compliance.
I am not able to see invoice-wise breakup in my GST reports. What is the solution?
To see invoice-wise breakup in your GST reports, you can customize the sales
register report by adding separate columns for invoice details and tax breakup.
otherwise you can check default gst report for this
To check that report fololow these steps:
Step 1: go to display
Step 2: Then click on gst reports
Step 3: Then click on Gst registers then click on sales or Purchase register and can check the report
This report will help you to view the breakup of taxes for each individual invoice.
Why is the data not showing in my GST returns for the reverse charge ITC?
If data for the reverse charge Input Tax Credit (ITC) is not showing in your GST returns, there are several potential reasons for this issue:
Step 1: Double-check your data entry to ensure that you've correctly recorded the reverse charge transactions
Step 2: Make sure you have accurately matched the purchase invoices with the corresponding seller's sales invoices
Step 3: Some reverse charge transactions may be reported in GSTR-3B or other forms, depending on the nature of the transaction.
Step 4: Review the GSTR-2A and GSTR-1A reports on the GST portal to cross-verify the transactions.
How can I identify the reasons for mismatch between different reports in BUSY?
To avoid these data entry mistakes and ensure accurate sales figures in your BUSY reports: Implement proper training for data entry personnel. Set up internal controls and review processes to catch and correct errors. Use accounting software features like data validation and reconciliation. Regularly reconcile your sales data with source documents. Double-check data entry for accuracy and completeness. Document discounts, returns, and refunds accurately. Use automated features for tax calculations and currency conversions. Periodically audit your sales data to identify and rectify discrepancies. Stay informed about GST or other tax regulations to ensure proper compliance.
How can I check in BUSY which parties/invoices have local and IGST applied?
To check in BUSY, which parties/invoices have local and IGST applied, you need to follow below steps:
Step 1: Go to Display, then select GST Reports, then select GST Registers,
Step 2: then select Supply Outward Register, then select All party,
Step 3: then select correct date range, and then select the relevant information and then press F2 or OK,
Step 4: These reports will provide party-wise and invoice-wise details of CGST, SGST, and IGST applied.
Step 5: You can cross-check if the taxes were applied correctly by reviewing this report.