Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
There is a mismatch in my total balance shown in BUSY reports. How to find the cause and rectify the balance issue?
If there is a mismatch in the total balance shown in BUSY reports,Here are steps to help you find the cause and resolve the problem:
Step 1: Run the utility Update master balance from house keeping menu.
Step 2 : Recheck the data with ledger reconcillation.
Step 3: Verify that you're looking at the correct date range in your reports. Step 4: Confirm that your accounts and ledgers are configured correctly.
Step 5: Utilize the audit trail function within BUSY to track changes or corrections in transactions.
I made changes to existing bills/invoices, but they do not seem to be saved. What should I do to save them properly?
here's what you can do to ensure the changes are saved correctly:
Step 1: Check for a Save Button and click on it.
Step 2: After making changes, review the bill or invoice to confirm that the modifications have been saved.
Step 3: Make sure the updated information is correctly displayed.
Step 4: Verify that you have the necessary permissions or rights to edit and save bills or invoices in BUSY
Step 5: Before making significant changes, it's a good practice to back up your data
How do I change the date range for reports in BUSY? I want to customize the dates but cannot find the feature.
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.
I am unable to download GSTR B for the current month. It shows an error. How can I resolve this?
To download GSTR 2B for the current month, you need to follow the below steps:
1. Go to the transaction and click on GST Misc. utilities tab.
2. Click on Download GSTR JSON Data and select GSTR 2B.
3. Redownload GSTR 2B for a specific month.
4. After downloading GSTR 2B go back to GST Misc. utilities and click on Reconcile GSTR data.
5. Select GSTR 2B Party wise or voucher wise and then specify a particular month and check the data.
I want to define groups for my expenses such as registered, unregistered etc. so that I can get reporting based on these groups. How can I do this configuration in BUSY?
to define groups for my expenses such as registered, unregistered etc. please follow 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 GST Reports.
Step 3: Click on it to proceed.
Step 4: In the GST Reports section,Look for the option labeled GST Other Reports
Step 5: Look for the GST expense audit report
Step 6: Review the Bifurcation of expense nature wise
I am unable to see one of my vouchers in the software. The voucher seems to be saved but is not showing up in reports. How can I resolve this issue?
Here's what you can do to ensure the changes are saved correctly:
Step 1: Check for a Save Button and click on it.
Step 2: After making changes, review the bill or invoice to confirm that the modifications have been saved.
Step 3: Make sure the updated information is correctly displayed.
Step 4: Verify that you have the necessary permissions or rights to edit and save bills or invoices in BUSY
Step 5: Before making significant changes, it's a good practice to back up your data
To add ITC liability, it seems I need to check details in every section like section () etc. Is there no faster way to review and update multiple sections together?
To review and update multiple sections together for sections like (17) 5, etc., 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.
I am unable to find the 'GST type' option under Masters creation for expense entries. Where can I find this option to select 'not applicable' for interest expenses?
If you can't find the Party Master section in BUSY, here's how to locate and access it:
Step 1: Launch the BUSY on your computer.
Step 2 : Go to Administratio menu .
Step 3: Look for the Masters Menu
Step 4: Select the Account option.
Step 5 : Once you're in the Accounts section, you can add, edit, or view information related to your parties.
Step 6: Select Account group as Expense (Direct/mfg)
Step 7: tehn select GST type from the list as you required
How can I find the GST filing frequency in my software?
In BUSY, to configure and file quarterly 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 Quarterly 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.
What reports can I generate to analyze my GST liability and input credit?
You can use the following reports in BUSY to analyze your GST liability and input credit:
1. GST Summary: This report shows you the detailed input and output amounts based on the transactions you have entered. You can also adjust the input and output balances from this report and calculate the GST liability.
2. GSTR 2A / 2B Reconciliation: This report helps you to match your books data with the portal data and check which bills’ input is available and can be claimed.