Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
What are the steps to open the TCS Bill sundry option in BUSY?
If unable to see the tcs option in the party master it means that tcs feature is disabled in BUSY. You need to enable the TCS feature from below steps.
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Then click on TDS/TCS
Step 5: Enable the TDS/TCS option
Step 6: Mention the warning for TDS and TCS as per your requirement in the bottom.
I made a wrong TCS reference in BUSY. How can I correct it?
If you mistakenly created a wrong TCS reference in BUSY and you need to correct it,
you can follow these steps:
Step 1: Open the sale voucher in modification mode.
Step 2: While you are saving the voucher, a TCS reference window will appear.
Step 3: Press F9 to remove the previously mentioned reference.
Step 4: Fill in the details of the new TCS reference in the window.
Step 5: Save the changes.
By following these steps, you can correct the TCS reference in BUSY.
Why is TCS not enabling in Party Master in BUSY?
If unable to see the tcs option in the party master it means that tcs feature is disabled in BUSY. You need to enable the TCS feature from below steps.
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Then click on TDS/TCS
Step 5: Enable the TDS/TCS option
Step 6: Mention the warning for TDS and TCS as per your requirement in the bottom.
Can i post the TDS entry directly from the report?
Yes, you can post TDS entry for section 194Q directly from the report by following these steps:
Step 1: Go to display menu then select TDS reports option.
Step 2: Select payments eligible for TDS or puchases eligible for TDS option as required then enter the date range.
Step 3: Here, you will see the TDS deductible but not deducted so press F4 to post TDS voucher.
Step 4: Select all PAN or Selected PAN then choose the voucher type and save.
How do I activate TDS/TCS in BUSY?
If unable to see the tcs option in the party master it means that tcs feature is disabled in BUSY. You need to enable the TCS feature from below steps.
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Then click on TDS/TCS
Step 5: Enable the TDS/TCS option
Step 6: Mention the warning for TDS and TCS as per your requirement in the bottom.
How to fix if TDS not calculated automatically?
Step1 In the Administration Menu, click on the Tds TCS tab and make sure the TDS feature is turned on.
Step2 Open the Party Master in ModiFinancial Year Mode. Select the group, and make sure to enable TDS for the chosen master and payee category.
Step3 Go to TDS Bill Sundry in ModiFinancial Year Mode. Check the TDS type and tag the ledger accordingly.
after completing these steps, BUSY should automatically calculate the TDS amount when you create a purchase bill.
The TDS amount in the ledger differs from the TDS report. How can I resolve this discrepancy?
If the TDS amount is mismatch in the TDS ledger and in the TDS report.
Pls follow the below steps.
Step 1: You have to check the both the report in the short range.
Step 2: You will get a particular date from which mismatch is coming in the report.
Step 3: Then you have check the voucher and correct it.
Additionally, can check the TDS audit report for the data mismatch from TDS report under Display menu.
Why am I getting an invalid CGST error when trying to generate TCS reports in BUSY Software?
The specific error message "invalid CGST" when generating TCS reports in BUSY Software could indicate an issue with the CGST (Central Goods and Services Tax) settings or configuration in the software. It is recommended to check the CGST settings and ensure that they are correctly set up in accordance with the applicable tax regulations. If the issue persists, it is advisable to reach out to BUSY Software customer support for further assistance in troubleshooting and resolving the error.
Why am I unable to see the TCS deduction field in the party master form in BUSY?
If unable to see the tcs option in the party master it means that tcs feature is disabled in BUSY. You need to enable the TCS feature from below steps.
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Then click on TDS/TCS
Step 5: Enable the TDS/TCS option
Step 6: Mention the warning for TDS and TCS as per your requirement in the bottom.
Why am I not able to see the TDS on purchase option in the BUSY software?
To apply TDS in purchase voucher then follow steps :
Step 1 : Go to administration then configuration
Step 2 : Click on features and options then TDS and TCS
Step 3 : Enable TDS
Step 4 : Set TDS in account master
Step 5 : Add purchase voucher if limit crosss TDS will auto apply in bill sundry with warning
Step 6: If unable see TDS check the user permission rights you have for features and options in menu rights of sub user.