Frequently Asked
Questions

Q: What is the correct way to structure masters and categories for TDS in BUSY?

The correct way to structute the masters and categories for TDS is : For Masters : We have to enable the tds option and mention the payee category in the party master and tds category in the expense account. For TDS Categories : Make sure the TDS category is proper configured the tds rate with PAN and without PAN number according to the payee category.

Q: Why is TCS deduction not being calculated automatically in the bills in BUSY?

When TCS rate is not apply automatically in the voucher, Then pls follow the below steps : Step 1: TCS will get charge automatically when the threshold limit get crossed. Step 2: Make sure you have mention the payee category and applicability in the party master. Step 3: In TCS bill sundry, Make sure that TCS account is correctly tag and should have proper configuration.

Q: How can I access TDS data from past years in BUSY?

You can access the past year data by opening the that financial year. As in BUSY you can view the data financial year wise. You can view the TDS report from below steps : Step 1: Click on Display menu Step 2: Then TDS/TCS Reports Step 3: Then TDS Deduction details Here select the category and then apply filter on party to view the report.

Q: How can I apply TDS deduction limits from in BUSY?

In the TDS category, Mention the threshold limit as 0 for all the payee category. Pls follow the below steps in the tds category : Step 1: Click on administration Step 2: Then Masters Step 3: Then TDS Category Step 4: Select the TDS Category, then open and mention the threshold limit as 0 for the payee category and save it.

Q: What is monthly ITC tagging and when is it applicable?

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 : Select the entry and press F4 to change the status ,

Q: How do I enable TDS and TCS in BUSY?

To enable tds and tcs in BUSY, you need to follow these steps: Step 1: Go to administration menu then click on configuration sub menu. Step 2: Select features and option and click on TDS or TCS tab. Step 3: Tick on enable TDS reporting and enable TCS reporting then configure it as per the requirements. Step 4: You also need to enable TDS and TCS in party's master.

Q: How can I associate TDS percentage with a new vendor in BUSY and ensure it's applied correctly to their transactions?

To associate the TDS percentage with a new vendor in BUSY then you have to enable the TDS option in the party master and it get apply according to the following steps. Step 1: For 194Q,When you mention the PAN number in the party master. Step 2: For Expense, It calculate according to the payee category mention under the TDS Category in the party master.

Q: The TCS amount is getting mixed with other amounts in my sales invoice. How can I show it separately?

To display the TCS amount separately in your sales invoice, follow these steps: Step 1: Create a new account called TCS and place it in the Duties & Taxes group. Choose the tax type as TCS. Step 2: Associate this TCS account with the TCS bill sundry. By doing this, the TCS amount will show up as its own distinct item on your sales invoice.

Q: The system is not allowing me to take TCS credit. What should I check to resolve this?

If the system is not allowing you take the TCS Credit then follow the below steps. Step 1: Make sure you have to enter the proper ecommerce Transaction for the TCS. Step 2: Make sure you correctly pass the TCS input or output adjustemnt through F4 from the GST Summaries. Step 3: You should have user access or righst to pass the entry in BUSY.

Q: How do I make sure that the software only considers current financial year transactions for TDS warnings?

To ensure that the software only considers current financial year transactions for TDS warnings, Then Pls Follow the below steps : Step 1: Click on Administration Step 2: Then Configuration Step 3: Then Features and Options Step 4: Enable the TDS/TCS option Step 5: Make sure the for TDS warning, the option check previous year data of tds under section 194Q should be disable.

Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report

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License Management/Softlock/Hardlock

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Dealer Complaint/Issues

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Dealer Complaint/Issues

What is the correct way to structure masters and categories for TDS in BUSY?

The correct way to structute the masters and categories for TDS is :
 For Masters : We have to enable the tds option and mention the payee category in the party master and tds category in the expense account.
 For TDS Categories : Make sure the TDS category is proper configured the tds rate with PAN and without PAN number according to the payee category.

Why is TCS deduction not being calculated automatically in the bills in BUSY?

When TCS rate is not apply automatically in the voucher, Then pls follow the below steps :
 Step 1: TCS will get charge automatically when the threshold limit get crossed.
 Step 2: Make sure you have mention the payee category and applicability in the party master.
 Step 3: In TCS bill sundry, Make sure that TCS account is correctly tag and should have proper configuration.

How can I access TDS data from past years in BUSY?

You can access the past year data by opening the that financial year. As in BUSY you can view the data financial year wise.
 You can view the TDS report from below steps :
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details
 Here select the category and then apply filter on party to view the report.

How can I apply TDS deduction limits from in BUSY?

In the TDS category, Mention the threshold limit as 0 for all the payee category.
 Pls follow the below steps in the tds category : 
 Step 1: Click on administration 
 Step 2: Then Masters 
 Step 3: Then TDS Category 
 Step 4: Select the TDS Category, then open and mention the threshold limit as 0 for the payee category and save it.

What is monthly ITC tagging and when is it applicable?

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 : Select the entry and press F4 to change the status ,

How do I enable TDS and TCS in BUSY?

To enable tds and tcs in BUSY, you need to follow these steps:
Step 1: Go to administration menu then click on configuration sub menu.
Step 2: Select features and option and click on TDS or TCS tab.
Step 3: Tick on enable TDS reporting and enable TCS reporting then configure it as per the requirements.
Step 4: You also need to enable TDS and TCS in party's master.

How can I associate TDS percentage with a new vendor in BUSY and ensure it's applied correctly to their transactions?

To associate the TDS percentage with a new vendor in BUSY then you have to enable the TDS option in the party master and it get apply according to the following steps.
 Step 1: For 194Q,When you mention the PAN number in the party master.
 Step 2: For Expense, It calculate according to the payee category mention under the TDS Category in the party master.

The TCS amount is getting mixed with other amounts in my sales invoice. How can I show it separately?

To display the TCS amount separately in your sales invoice, follow these steps:
 Step 1: Create a new account called TCS and place it in the Duties & Taxes group. Choose the tax type as TCS.
 Step 2: Associate this TCS account with the TCS bill sundry.
 By doing this, the TCS amount will show up as its own distinct item on your sales invoice.

The system is not allowing me to take TCS credit. What should I check to resolve this?

If the system is not allowing you take the TCS Credit then follow the below steps.
 Step 1: Make sure you have to enter the proper ecommerce Transaction for the TCS.
 Step 2: Make sure you correctly pass the TCS input or output adjustemnt through F4 from the GST Summaries.
 Step 3: You should have user access or righst to pass the entry in BUSY.

How do I make sure that the software only considers current financial year transactions for TDS warnings?

To ensure that the software only considers current financial year transactions for TDS warnings, Then Pls Follow the below steps :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Make sure the for TDS warning, the option check previous year data of tds under section 194Q should be disable.

Frequently AskedQuestions