Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - gst reports
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.
Why am I unable to see the party name reflected properly in my GST reports after making group changes?
If you are unable to see party name in gst report then make sure to enter correct name in the party master, if the name is correctly mentioned then follow the given steps:
Step 1: Go to display menu
Step 2: Click on Gst reports
Step 3: Then click on specific report
Step 4: Then select NAME in the field of Accounts to be shown by instead of Alias
Step 5: Then Click on Ok button to check report
I am unable to see the correct ITC amount in my B report. How can I resolve this?
To resolve the issue of not seeing the correct ITC amount in your 3B report, you can follow below steps:
Step 1: If you are using the tagging option make sure when open GSTR 3B mention Y on pick relevant ITC from monthly ITC tagging.
Step 2: If you are not using ITC tagging still input amount is not showing correct. Then take a latest backup first.
Step 3: Go to housekeeping menu and select update gst summary option according to your requirement.
I tried extracting the HSN summary through R but it is not working. What could be the issue?
The issue could be that the HSN summary is not being generated properly in the R1 file. It is recommended to check if the HSN codes are entered correctly and if the invoice data is uploaded accurately.
Further you can validate hsn code in BUSY for validate please follow these steps:
1. Go in Transaction then Go in Gst miscellaneous utility.
2. Then go on validate Hsn online click on multiple hsn
3. Then Load data and validate your hsn
The HSN summary report is not showing general journal entries I have made. Why are they not reflecting?
The HSN summary report is typically used to track the details of goods or services provided and their respective HSN codes for GST reporting. General journal entries, which are typically used for recording financial transactions that don't involve the movement of goods or services, may not be included in the HSN summary report because they do not directly pertain to the reporting of goods or services with HSN codes. General journal entries are more related to financial accounting and may not contain HSN information.
I want to claim pending input tax credit (ITC) in the current financial year. What steps should I follow?
To Tag entries in monthly GST retuen please follow below steps :,
Step 1 : To change the status pending ITC Entries go to the Transacton menu .
Step 2: Click on Gst Misc Utilities option.
Step 3: Select monthly ITC tagging as per GSTR 2A / GSTR 2B
Step 4 : Select Partywise .
Step 5 : In report view enable show previous year transaction .
Step 6 : Select the entry and press F4 to change the status ,
Why am I getting an error when I try to generate sales and purchase reports in BUSY?
getting an error when I try to generate sales and purchase reports in BUSY, then pls check the below steps :
Step 1: According to the BUSY Model, There are some features which is available in standard and Enterprise model but not in Basic. Make sure to seleect the correct model as per your BUSY license.
Step 2: If Company is open from the sub user and admin user has not given rights to the some feature then it will not show.