Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
I am trying to export my GSTR- from last year but it only allows me to export month-wise data. How can I export the full year GSTR- data?
Generate and save 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 am facing issues with generating GST reports in BUSY. The output shows a number but there is no corresponding entry. How can I troubleshoot this?
If you are encountering issues with generating GST reports in BUSY, please follow below steps :
Step 1: Ensure that all sales and purchase transactions are accurately recorded in the software.
Step 2: Verify that you have assigned the correct tax rates to your transactions.
Step 3: Reconcile your accounts to confirm that the numbers in your reports match the entries in your accounts.
Step 4: Check Missing or Deleted Entries
Step 5: Double-check the date range you have selected when generating the GST reports.
I am unable to separate tax amounts paid to different GST registered suppliers. What reports can provide this breakup?
To check total tax paid to GST regsiter supplier from purchase vouchers, follow these steps:
1.Go to the Display menu.
2.Check and open Account Books.
3.Within Account Books, open the Purchase Register.
4.Choose All Purchase Types.
5.All parties.
6.Enter the date range and other relevant filter details.
7.Enable the option to Show Payment/Receipt Details.
8.Open the generated report.
You will find a bill-wise breakdown of GST amounts and the status information indicating whether the payment is cleared, pending, or partial.
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The invoice attestation is appearing twice in my report. How can I ensure it only shows up once?
To ensure it only shows up once, you can follow these steps:
Step 1: Check for Duplicate Entries
Step 2: Ensure that when you enter invoice attestations, you do not accidentally input the same data twice
Step 3: Verify that the date range for your report is correctly set.
Step 4: If the duplicate entries persist, you may need to manually adjust the report to remove one of the duplicate attestation entries.
Step 5: An audit trail feature that logs all changes to entries.
Why is the GST liability amount not getting posted to the correct period in the balance sheet?
Here are some common issues and solutions:
Step 1: Ensure that the transaction date for the GST liability is entered correctly.
Step 2; verify the Accounting Period Mismatch
Step 3: Check for any issues or bugs in BUSY
Step 4: Review the entries made manually to ensure there are no errors in data entry
STep 5: Ensure that the GST liability transactions are being posted correctly.
Step 6: Regularly reconcile your GST liability account with supporting documentation to identify and rectify any issues .
How can I separate credit notes, debit notes and other fields in the GSTR reports in BUSY?
In BUSY, separate credit note and debit note reports are not available in the GSTR report. Further can check GSTR 1, GSTR 2 and GSTR 3B report and check data section wise.
Additionally you can view the account register report for credit and debit notes separately in BUSY, follow these steps:
Step 1: Go to the Display section then click on Account Books
Step 2: Click on Account Register (Standard)
Step 3: Select Debit Note or Credit Note Register as per required.
How can I save the generated JSON GST return file with the current date format in BUSY?
download and save 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 am unable to adjust my input tax credit with output tax liability in BUSY GST reports. What could be the reasons?
To adjust input tax credit with output tax liability in BUSY GST reports, follow the given below steps:
Step 1: Go to the Display menu and click on GST reports.
Step 2: Select GST summaries tab and again click on GST summary.
Step 3: Mention date range of particular month for adjusting input tax credit with output tax liability and open the GST report.
Step 4: Post adjustment entry by F4.
Step 5: Enter input/output adjustment entry first and then pass cross adjustment entry.
Step 6: Then enter Regular GST Payment entry.
Why is the total GST value displayed incorrect in my BUSY? How can I get it to show the right total?
for show right value of GST in BUSY follow these steps
step 1: fo to the GST reports under Dispaly menu
step 2: open GST audit report under GSt reports
step 3: then click on Reconcile account and GST
step 4: select relevant voucher type for reconcile report
step 5: mentioned start and end date, then open report. there you can see if any mismatch showing between account and GST you can check diffrence and correct it then save voucher again.
What checks should I perform if the input tax credit amount in my accounting software does not match GST Return B?
to troubleshoot to identify and resolve the issue. Here are some steps to consider:
Step 1: Match ITC with GSTR-2A/2B
Step 2: Check Input Tax Credit Eligibility from GS T summary report
Step 3: Ensure that the GST tax are correctly applied to both the purchase and sale transactions
Step 4: Confirm that you are adjusting the ITC correctly when preparing your GSTR-3B return.
Step 5: Input tax credit can be set off against your GST liability at the time of filing the return.