Frequently Asked Questions

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.

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.

To ensure about the ITC for all transactions ,then you have to tag ITC Eligibility in the voucher.
To enable ITC tagging feature in BUSY, you can follow below steps:
Step 1: Go to administration then click on configuration.
Step2. Select Feature/Options and then click on GST/VAT.
Step3. Enable ITC tagging feature.
Step4. Go to the Transaction tab and click on gst misc utilities.
Step 5. Click on Monthly ITC tagging as per GSTR 2A or 2B then specify month and open the report.
Step 6. Click F4 for tag status for ITC.

Find out the reasons of mismatching ITC amount in gst reports 
 Step 1 : If you dont mention ITC eligibility in case of journal voucher or against debit note then it will not show in gst reports
 Step 2 : If you enable skip in Gst report in any purchase type or in any item then it will not show in Gst report and create mismatch in case of ITC 
 Step 3 : If you wrongly tag monthly ITC in case of gstr3b

In BUSY, if your sales reports lack item-wise details such as tax amounts,Here's how you can resolve this issue:
 Step 1: Ensure that you have set up the tax rates correctly for your products and services
 Step 2; Make sure that the items you're selling are configured to include tax details
 Step 3: When creating sales invoices, ensure that you select the appropriate items and specify the tax details.
 Step 4: Double-check that the tax amount is calculated correctly for each item on the invoice.

Here are some common causes and steps to resolve it:
 Step 1: Ensure that you have selected the correct reporting period or date range in the software. Step 2: Review your data entry for that particular month to confirm that you've correctly recorded all relevant transactions. Step 3: Perform a reconciliation of your input tax credit entries for the specific month. Step 4: Check if the credit is carried forward from a previous period or if it's meant to be claimed in a subsequent period.

You can view the purchase report with including tax, need to follow th below mentioned steps : 
 Step 1: Go to Display then select GST Reports. 
 Step 2: Click on GST Registers and then select supply inward register. 
 Step 3: Select party accordingly like wise one or all parties. 
 Step 4: Enable the quantity details and enable disable other optios as per your requirement. 
 Step 5: Now you can check the purchase report with including tax or without tax amount.

To adjust or remove these minus values in your GST return, you should follow these steps:
 Step 1: Common reasons include credit notes issued to customers, ITC reversal, or amendments to previously filed returns.
 Step 2: Make sure the credit notes are linked to the original invoices to reflect the correct adjustments.
 Step 3: If the minus values are due to the reversal or amendment of input tax credit.
 Step 4: If you've already filed GST returns with incorrect values, and the minus values persist.

If the rate showing incorrectly as 18% for some transactions in my GSTR-1 report, you need to check the below reasons: 
 1. In the Item master and Sale / Purchase Type Master the option of Skip in GST Reports is Y. 
 2. Voucher is saved without applying the tax. 
 3. The tax account selected in the sale/purchase type and tax bill sundries is incorrect. 
 4. The tax type selected in the tax accounts, such as IGST, CGST, SGST, etc., is wrong.

If your sales invoice is not reflecting in the GST reports of BUSY, then you need to check these steps:
 Step 1: Make sure that you have selected the correct date range for the report..
 Step 2: Verify that the sale type matches the nature of transactions.
 Step 3: Confirm that the tax account chosen in the sale/purchase type and tax bill sundries is correct.
 Step 4: Check that the tax type assigned to the tax accounts, such as IGST, CGST, SGST, etc., is correct.