Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
How can I view separate GST transactions such as 12% or 18% GST in the summary?
If you want to view GST transactions separate tax wise such as 12 percent or 18 GST percent please follow these steps:
Step 1: Go to display menu then click on GST reports sub menu
Step 2: Click on GST summaries and then click on GST summary and specify the date range
Step 3: Select show tax rate wise bifurcation as Y to enable it and select other options as required
Step 4: Click on ok and generate the report
Step 5: Now you will be able to see tax rate wise bifurcation in the report
What is the process to generate GSTR- and GSTR-B after tagging invoices in BUSY?
Yes, we can guide you how to generate and download GSTR eReturns from BUSY. To do this you need to follow these steps:
Step 1: Open the Display menu and select GST Reports.
Step 2: Choose GST Return and then the return type you want to generate, such as GSTR-1 eReturn, GSTR-3B eReturn, etc.
Step 3: Choose the report format you want to generate, such as JSON, CSV File, As per Govt. Template, or Plain Excel.
Step 4: Now enter the period and can generate the selected return as per the selected format.
How do I ensure accurate calculation of input tax credit in BUSY?
BUSYis essential for proper GST compliance. Here are steps to help you achieve this:
Step 1: Ensure that you have correctly configured tax rates for various GST rates (e.g., 5%, 12%, 18%, and 28%).
Step 2: Ensure consistency in data entry, including item descriptions, tax codes, and transaction dates.
Step 3: Regularly reconcile your ITC calculations with your GST returns (e.g., GSTR-3B, GSTR-2A, GSTR-2B).
Step 4: Double-check vendor invoices for accuracy, including GST details.
Step 5: Reconcile the input GST (GST paid on purchases) with the output GST (GST collected on sales).
BUSY is showing API authentication expired error when I try to download GST returns. What should I do to renew API authentication?
To authenticate API expired error in BUSY while try to download GST Returns
you need to follow the steps
Step1 Go to GST portal and login it then click on my profile option
Step2 Click on manage API access
Step3 enable api access and set the access limit and confirm
Step4 restart BUSY then open company and go to transaction menu and click on GST Misc
utilities and click on download GSTR data then select your Required GSTR option and select the month then click on download
I want to check total purchases as well as purchase details per party in BUSY. Is it possible to generate such reports?
To generate party wise Purchase Register you can follow these steps: Step 1: Go to Display Menu
Step 2: Click on GST Reports
Step 3: Click on GST Registers
Step 4: under GST Registers click on Purchase Register
Step 5: Select Combined option
Step 6: Select Bill –Wise option
Step 7: Select Both B2B and B2C option.
Step 8: Select purchase register bill – wise window
Step 9: Select account master range and if you want to generate single account purchase register.
and choose required date range. click on OK
How can I stop the system from including ineligible ITCs while calculating my tax liability? They are increasing my GST amount.
If you want to stop the system from including Ineligible ITCs in gst calculation please follow these steps:
Step 1: While making the purchase invoice select itc eligibility as ineligible
Step 2: Then go to transactions tab
Step 3: Then click on gst miscellaneous utilities
Step 4: Afterwards select Monthly itc tagging as per GSTR 2A/2B
Step 5: Open the report from party wise or date-wise as required
Step 6: Then select the entry and press f4 and change the status to ineligible as per the sections
My monthly auto-generated ITC statement is not showing my full input tax credit. What should I do to reconcile it?
To reconcile your monthly auto-generated ITC statement and ensure it reflects your full input tax credit, you can follow these steps:
Step 1 : To change the status pending ITC Entries go to the Transacton menu .
Step 2: Click on Gst Misc Utilities option.
Step 3: Select monthly ITC tagging as per GSTR 2A / GSTR 2B
Step 4 : Select Partywise .
Step 5 : In report view enable show previous/Current year transaction .
Step 6 : Select the entry and press F4 to change the status ,
I created a new company but the GST is not getting applied on the invoices. What could be the reason?
If you have created a new company in BUSY and the GST is not getting applied on the invoices, it is possible that you created the company without enabling GST in it. To enable GST, please follow the steps given below:
Step 1: Go to the Administration tab.
Step 2: Click on the Features and Options tab.
Step 3: Click on the GST/VAT option and enable GST from there. Also, click on Create default GST masters. After saving the configuration, all relevant masters and other details will start to show within the company.
I am unable to generate the GST report in BUSY. It shows error code R How can I resolve this?
Yes, we can guide you how to generate and download GSTR eReturns from BUSY. To do this you need to follow these steps:
Step 1: Open the Display menu and select GST Reports.
Step 2: Choose GST Return and then the return type you want to generate, such as GSTR-1 eReturn, GSTR-3B eReturn, etc.
Step 3: Choose the report format you want to generate, such as JSON, CSV File, As per Govt. Template, or Plain Excel.
Step 4: Now enter the period and can generate the selected return as per the selected format.
I have made some changes in invoice but in gst summary it is shwoing wrong amount. What should I do?
If you have made some changes in invoice but total is not updating then yo have to perform below mentioned steps :
Note : If you have a latest backup.
Step 1: Go to housekeeping menu.
Step 2: Run Update voucher GST Summary for partial date and mention that period of time.
Step 3: Go to Display menu then GST Reports then GST Returns.
Step 4: Open GSTR 1 report after enabling required field.
Step 5: You can match the total number of invoice with their total and taxable amount as well.