Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I made an incorrect entry for GST payment. How can I delete or edit a payment voucher in the software?
If you've made a GST payment in BUSY software, but it's showing in the wrong tax head, you can correct this entry by following these steps:
Step 1:Open your BUSY software and navigate to the GST payment entry section.
step 2: Click on or select that entry to edit it.
Step 3:you should be able to modify the details of the GST payment entry.
Step 4: Change the tax head to the correct one.
Step 5: Review and update other relevant details, such as the payment amount, date, and invoice references
I want to correct an error in a voucher I have already posted. What is the rectification process for this?
To correct an error in a voucher that has already been posted in BUSY, you can follow these steps:, you can follow these steps:
Step 1: Open BUSYand select the company you want to work with. Then, go to the Transactions tab and select Sales.
Step 2: After selecting voucher click on Modify and select the voucher no. that you want to change. You can make any changes that you want and then click on Save again.
Step 3: You can also open that voucher from the list of sale vouchers.
Why can't I see the local and central transactions separately in my GST return? It is clubbed together under IGST.
If you check Gst report and it consolidating CGST and SGST data along with IGST data you need to check following things:-
1: If you using item wise sale or purchase type , you have to tag CGST and SGST account ledger in sale or purchase type for local transaction not IGST.
2: If you are using bill sundry of CGST and SGST check that are you tagging CGST and SGST account ledger in their respective bill sundries not tag IGST account ledger in CGST and SGST bill sundries.
I made some incorrect or duplicate entries for GST payments in BUSY. How can I delete or undo those entries?
If you've made a GST payment in BUSY software, but it's showing in the wrong tax head, you can correct this entry by following these steps:
Step 1:Open your BUSY software and navigate to the GST payment entry section.
step 2: Click on or select that entry to edit it.
Step 3:you should be able to modify the details of the GST payment entry.
Step 4: Change the tax head to the correct one.
Step 5: Review and update other relevant details, such as the payment amount, date, and invoice references
What could be the reason for discrepancies between the total sales amount in the P&L statement and GST sales amount in BUSY?
here are the steps in simple language to understand why there might be discrepancies between the total sales amount in the Profit and Loss (P&L) statement and the GST sales amount Step 1: Check Your Sales Data
Step 2 :Ensure that the date range you selected for your P&L statement and your GST sales report match.
Step 3: Examine Exemptions and Zero-Rated Sales
Step 4 :Make sure that any GST adjustments or corrections are properly reflected in both reports. Step 5: Verify if your GST is calculated inclusively or exclusively.
My purchase and sales both attract GST. How should I set this up correctly in BUSY to pay the right amount of taxes?
You'll need to configure your GST settings for tracking GST. Here are the steps to help you achieve this:
Step 1: Configure GST Configuration from features and option .
Step2: select GST /Vat option. And configure GSTIN and details and save .
Step 2: Crete sales and purchase transaction according to requirements .
Step 3: Check and reconcile the GST reports from transaction and then GST Misc. utilies menu .
Step 4: Ensure that your GST returns are correct and submitted on time to comply with tax
When generating sales/purchase registers, how can I view the taxable amounts per item instead of the total taxable amount for the entire bill?
To generate sale and purchase register taxable amount per item, follow these steps:
Step 1: Go to Display.
Step 2: Select GST Reports.
Step 3: Choose GST Registers.
Step 4: Pick Sales Register / Purchase register
Step 5: Select the register to be shown for local, central, and combined.
Step 6: Choose the register to be shown for bill-wise, HSN code-wise, and item-wise.
Step 7: Select the register to be shown for both B2B and B2C.
Step 8: Set the date range and relevant information, then press OK and F2.
What are the hardware and software requirements for running BUSY?I have a difference in the total amount between the GST R report and the actual total amount. How can I find the breakdown of the BB sales amount in the report?
For running BUSY software your system should be Windows 7 or above .
To see the B2B sales amount breakdown , you can follow the below steps:
Step 1: Go to display then select GST reports and click on gst registers.
Step 2: Then select sales register and select combined option then bill wise
Step 3: In next window select B2B and open report after select date range
Step 4: In the report you can taxable amount and tax amount breakdown as per tax rate .
I want to understand how to file my GST returns properly in BUSY. What all do I need to enter and check before filing GST returns?
To file your GST returns properly in BUSY, here's a simple guide on what you need to enter and check before filing:
Step 1: Verify that the tax rates and values match the invoices and are correctly categorized.
Step 2: Enter details of your purchase transactions, such as invoices, debit notes, and credit notes.
Step 3: Reconcile your data with your financial records to ensure all sales and purchases
Step 4: Generate GST returns and summary reportsincludes GSTR-1 (for outward supplies), GSTR-2 (for inward supplies), and GSTR-3 (monthly summary).
I am unable to file my GST returns properly. The system shows errors. How can I resolve this?
Here are steps you can take to resolve GST return filing errors:
Step 1: The error messages should provide information on what went wrong, such as missing data, incorrect calculations.
Step 2: Double-check the accuracy of the data you have entered for the GST return.
Step 3: Confirm that you are using the correct tax rates for various transactions.
Step 4: Verify that you are filing your return within the due date specified by the tax authorities.
Step 5: Ensure that you are using the latest version of BUSY.