Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
Why is the GST not matching in the software for certain transactions?
If the GST not matching in the software for certain transactions, 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.
How do I export GST data from BUSY for audit purposes?.
To export GST data from BUSY for audit purposes, you can follow these steps:
1. Open BUSY and log in to your company.
2. Go to the "Reports" section.
3. Select the "GST Reports" option.
4. Choose the specific GST report you need for auditing.
5. Customize the columns and filters as per your requirements.
6. Click on the "Export" button.
7. Select the desired format (Excel or PDF) to export the GST data.
8. Save the exported file to your preferred location.
9. You can now use this exported file for audit purposes.
Why are entries not showing in ledger B in BUSY?
Here are some common factors to consider when entries are missing in the GSTR-3B report:
Step 1: Check to ensure that you have correctly entered all relevant transactions
Step 2: The GSTR-3B report typically generates data based on a specific date range.
Step 3: Ensure that the ledger accounts you are using for GST-related transactions are appropriately configured
Step 4: Use the correct voucher type for GST-related entries such as sales or purchase
Step 5: ensure that you have properly claimed ITC and adjusted it against your GST liability in your GSTR-3B return.
I am getting a very long purchase register report with a lot of bifurcations of taxes. I just need a consolidated view without any breakup of taxes. How can I generate such a summarized report?
To generate a consolidated and summarized Purchase Register report in BUSY without the detailed breakup of taxes, you can usually 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 Purchase register Reports.
Step 3: Click on it to proceed.
Step 4: In the Purchase register Reports section,Look for the option labeled Show tax amount bifucation .
Step 5: disable it to access this specific report
Step 6: ReviewGenate the report .
I am unable to export the complete GST report with all details like item name, HSN code etc. It only exports few columns. What is the right way to export the full detailed report?
unable to export the complete GST report with all details like item name, HSN code etc. It only exports few columns, for that follow these steps
step 1: Go to the GST reports under display
step 2: open GST registers and click on Sales register
step 3: then select combined option then item wise then both B2B and B2C
step 4: select series ,relevant dates and other details then open report
step 5: click on custom column and add HSN code column then save it and open report again
I am unable to claim input tax credit in BUSY. What should I check?Do I need to log in to the portal to review and file the uploaded data?
To claim the input tax credit in BUSY You need to follow this steps:
Step 1: Go to transaction menu
Step 2: Then click on gst misc. utilities option
Step 3: Then go to monthly ITC tagging as per gstr2a or 2b
Step 4: Then open the report for that month you want to claim the status in BUSY
Step 5: Then after opening the report you have to press F4 shortcut key
Step 6: Then you will be able to update the status of your
itc to claimed and save it.
What are the common mistakes made during data set up that impact GST reporting in BUSY?How to link advance payment, final invoice and customs invoice in software?
The common mistakes during the data entry that impact the GST Reporting in BUSY are mentioned below:
1. GST No. of party is incorrect or inactive.
2. Sale / Purchase type is selected wrongly.
3. Tax rate in the item master is incorrect.
4. ITC eligibility is selected wrong in purchase voucher.
For done advance payment to customer you need to record normal payment voucher in BUSY and create a reference no.
Then you can adjust that payment into purchase voucher and adjust the reference no. Also create import purchase voucher for custom duties.
I want to add a column in the supply output register report to indicate if the HSN code is valid or invalid. How can I do this?
In BUSY, there is not provision to add a column in the supply outward register to show the HSN code valid or invalid. However you can validate your item's HSN Code by using these steps:
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.
I want to enter an amount and view the parties billed for that IGST amount. Is there an option to do this?
To access the report regarding parties billed with IGST amount, follow these steps:
step 1:Access the account books within the display menu.
step 2:Click on the account register and open the desired sales or purchase report.
step 3:Select the mode as either one sales type or purchase type.
step 4:Choose all parties and specify the sales or purchase type as Central - multirate or item-wise.
step 5:Select the series start and end dates, along with other relevant options, then open the report.
step 6:The report will display only those parties associated with IGST amounts.
How can I enter the party address details to ensure IGST is calculated instead of CGST & SGST for inter-state transactions?
To ensure IGST is calculated instead of CGST & SGST for inter-state transactions you can check the sales or purchase type selected as central - multi rate ot item wise then you can calculate IGST on transaction or incase your party was local but the shipping of his goods is on other state and he wants to calculate IGST on transaction then you can entered his shipping address deatils in billing shipping deatils and mention GST basis as per billing and shipping then software automatically calculate IGST on trandaction instead of CGST & SGST.