Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
How can I get detailed breakup of my purchases from different parties in GST reports of BUSY?
To get a detailed breakup of your purchases from different parties in gst reports in BUSY
you need to follow the steps
Step1 go to display menu and click on Gst reports
Step2 click on gst register
Step3 click on purchase register
Step4 select local or central or combined then click on bill wise or hsn wise or item wise
Step5 then select B2B or B2C or Both B2B and B2C
Step6 then select the date range and Ok
The ITC amount is showing up incorrectly in my GST reports. What could be the reason?
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
My sales reports in BUSY lack item-wise details like tax amounts. How can I resolve this?
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.
Why am I unable to see input tax credit details for a particular month in BUSY?
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.
I want to check the purchase details with taxes included. Which report should I look at?
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.
There are minus values showing in my GST return. How can I adjust or remove these?
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.
Why is the tax rate showing incorrectly as % for some transactions in my GSTR- report?
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.
My sales invoices are not getting reflected in GST reports of BUSY. Please help.
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.
I am having trouble categorizing transactions in the system. Is there a way to automate this process?How can I download and save a copy of my filed GST returns in the software?
There is a option for automatic transaction that is voucher replication you can use it to pass automatic transaction in bulk :
Step 1 : CLick on administration
Step 2 : Bulk updation
Step 3 : Voucher replication
Step 4 : Create template
Step 5 : Set configuration
Step 6 : Run replicate
To download and save GST return
Step 1 : LOgin to GST portal
Step 2 : GO to return section
Step 3 : Download the return
Step 4 : Save the file
I made some incorrect entries for GST but am unable to delete or modify them now. What is the process to make changes to posted GST entries?
Here's a general process for making changes to GST entries in BUSY:
Step 1: Locate the voucher entry you want to modify.
step 2: ou might do this by locating the specific voucher or transaction in your records and selecting the Modify option
Step 3: Within the voucher entry screen, make the required corrections or modifications to the GST details, such as tax amounts, tax codes, or invoice values.
Step 4 : After making the necessary corrections, save the changes to update the voucher entry.