Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
What is the process to switch from manual GSTR- filing to JSON-based filing in BUSY?
download 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.
Why is the data in BUSY not month-wise segregated? I need to see monthly data.
if you are selecting monthly in the gst/vat feature in BUSY then you can check gst data month wise :
Step 1: Go to Administation menu
Step 2: Click on configuration
Step 3: Then click on Feature and option
Step 4: Then click on GST/VAT feature
Step 5: Then here you are select Return filing frequency as Monthly
Step 6: Then click on OK button
Step 7: Then you can check gst data month wise in BUSY
How do I categorize my ITC into sections like (), (), etc. in BUSY?
To categorize your ITC into sections like 17(5), 17(1), 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 still unclear about the tagging process. Can you explain it again?
To use the ITC tagging feature in BUSY follow below steps:
Step 1: Go to administration menu and select configuration option.
Step 2: In configuration select feature and option and then click on GST/VAT tab.
Step 3: Make sure to mention Y in ITC tagging required option.
Step 4: Then go to transaction menu and select Gst misc. utilities.
Step 5: In Gst misc. utilities select monthly itc tagging option and open report for relevant period.
Step 6: Then use F4 shortcut key to tag vouchers in the relevant period.
Why is the input GST showing as zero in the GST summary report?
There are certain reasons behind this as input is showing as zero in summary. The reasons are mentioned below:
Step 1: If you have posted the adjustment entry by F4 in GST Summary and all the amount has been adjusted with this output amount.
Step 2: If you have entered purchase or journal voucher entry with ITC eligibility as none.
Step 3: If you have entered journal voucher with GST nature as not applicable then the same voucher wll not reflct in GST Summary.
How do I download the correct JSON file for GSTR-B from BUSY?
download 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.
Why does GST payable keep increasing every month in BUSY?
Here are some common reasons why your GST payable might be increasing:
Step 1: As you make sales and collect GST from customers while also incurring GST on purchases, your payable amount can increase over time.
Step 2: Increased sales volumes can lead to higher GST collections from customers, which can contribute to a higher GST payable.
Step 3: Delayed Input Tax Credit (ITC) Claims
Step 4: Late or incorrect filings can result in interest and penalty charges, which add to your GST payable.
What all statutory reports are available in BUSY?
BUSY provides various statutory reports for different purposes and compliance. Some of the statutory reports available in BUSY are:
1. GST Reports: These reports show the details of the GST transactions, such as GSTR1, GSTR2, GSTR3B, GSTR4, GSTR9, etc.
2. VAT Reports: These reports show the details of the VAT transactions, such as VAT Summary, VAT Forms, VAT Annexures, etc.
3. TDS/TCS Reports: These reports show the details of the TDS/TCS transactions, such as TDS deduction details, TCS Collection details, Form 26Q, Form 27EQ,etc.
I entered a purchase invoice manually in the middle of the return period. Now the input tax credit is not matching between the software and portal. What should be done in such cases?
To resolve this issue and ensure that your ITC is accurate, follow these steps:
Step 1: Double-check the details of the manually entered purchase invoice in BUSY
Step 2: Make sure it falls within the correct tax period for which you are filing your return.
Step 3: Reconcile your purchase transactions in BUSY
Step 4: Log in to the GST portal and review your GSTR-2A
Step 5: Reverse any incorrect ITC claimed and claim the correct ITC.
Step 6: Amend GST Return (GSTR-3B):
I want to see the breakup of my ITC Available including purchase & purchase returns. But only net ITC is visible. How can I see the full breakup?
here are the steps to check ITC breakdown of Purchase and purchase return shown separately in GSTR3B:
Step 1: Go to display menu
Step 2: Click on Gst report
Step 3: Then click on Gst return option
Step 4: Then click on GSTR3B report option
Step 5: Then specify starting date and ending date and enable option Show Purchase return/debit note in column 4(B)-2 as Y
Step 6: Then click on OK button and check debit note data separately