Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
Why is the voucher/bill not showing up in the reports even after submission? What should I check to ensure it reflects properly?
the voucher/bill not showing up in the reports even after submission the reason is
1. when you create invoice make sure you select correct party account .
2. when you open sales report make sure that the sales type you selected for open report was relevant or not.
3. if all deatils showing correct but still invoice not showing in report then update master balance utility or regenerate dual voucher
4. also you can check from house keeping menu that invoice showing in incomplete or not.
I am unable to generate the GST reports accurately in BUSY. What adjustments or settings should I make to ensure correct reporting?
If you are unable to generate gst report accurately should check these steps as mentioned below:
Step 1. Ensure that you are using latest release of BUSY.
Step 2. Go to House Keeping option then Update Vocuher GST summary so that you gst reports
balances got properly.
Step 3. Further ,go to Display, GST reports, GST Audit report. There you will get multiple
audit reports that will show misamtch in that entries.
Note: Before running any process in BUSY, ensure to take back up of your data.
The default B GST report is showing repeated transactions. How can I customize or summarize the report to avoid transaction repetition?
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
I'm filing quarterly GST returns. How should I do monthly ITC tagging for input tax credit?
In BUSY, to configure and file monthly GST returns, you can follow these steps:
Step 1: Open your BUSY software and navigate to the configuration section.
Step 2: found in the Features and Option then GST/VAT Configuration menu
Step 3: See options related to the filing frequencies for your GST returns. Select Monthly as the filing frequency.
Step 4: Now, configure your specific GST return forms
Step 5: As you approach the end of each quarter, prepare and verify your GST returns for the respective period within BUSY.
The amounts shown in my vouchers do not match the actual amounts. What should I check?
If the amounts shown in your vouchers do not match the actual amounts, Here are some steps you can take to check and rectify:
Step 1: Check Data Entry,Mistakes during data entry
Step 2: Ensure that currency conversion rates are correctly applied.
Step 3: Ensure that you are using the correct tax rates and that the calculations are performed correctly.
Step 4: Review any discounts, promotions, or special pricing that may apply to the transactions.
Step 5: Review the audit trail report to identify any changes.
I want to view sale registers with date ranges. What is the process to do this?
To change the date range for reports in BUSY and customize the dates, follow these general steps:
Step 1: Look for a Account Books section within BUSY.
Step 2: Within the Account Books section, you should find an option for Sales Register .
Step 3: Click on this option.
Step 4: Choose the date range for which you want to generate the Sales Register.
Step 5: Select a specific month, quarter, or year, depending on your requirements.
Step 6: Specify the date range, and generate the report.
Why don't I see the tax rate wise breakup for my purchases in the purchase register?
If you want to see a breakup of your purchases or sales based on different GST tax rates in BUSY, follow these steps:
Step 1 : Go to Display Menu and choose GST Report.
Step 2 : You'll find two reports: one for Sale/Purchase Register and the other for Inward/Outward Supply Register.
Step 3 : Pick the report you need, set the date range and other options, and run the report. This will show you a detailed breakup of your transactions based on different GST tax rates.
Why is my ITC data from previous months not showing up in the ITC claim register?
ITC data from previous months not showing up in the ITC claim register,Here are steps you can take:
Step 1:Check Late filings or amendments to previous returns can impact the closing balance.
Step 2: Ensure that all eligible ITC claims were made, and that any adjustments or reversals were correctly accounted for.
Step 3: Update voucher GST summary in current year from House keeping menu .
Step 4 : Carry forward all pending entries to current year while changing the financial year from administration menu.
What is the recommended frequency for running the Update Voucher GST Summary function in BUSY?
In BUSY, to configure and file Monthly GST returns, you can follow these steps:
Step 1: Open your BUSY software and navigate to the GST configuration section.
Step 2: found in the Masters or GST/VAT Configuration menu
Step 3: See options related to the filing frequencies for your GST returns. Select Monthly as the filing frequency.
Step 4: Now, configure your specific GST return forms
Step 5: As you approach the end of each quarter, prepare and verify your GST returns for the respective period within BUSY.
How can I record the sale of fixed assets correctly in my books using BUSY?
Recording the sale of fixed assets correctly in BUSYinvolves several steps. Here's a guide on how to do it:
Step 1 : Crete fixed asset Account master under group Fixed Asset . Step 2 : Create the Stock item of Asset you want to sold .
Step 3 : tag sales account into item master. Step 4 : Create sale voucher for the sold fixed asset Step 5: Add voucher all details and information and sabve the voucher. Step 6: check the accounting report after voucher posting.