Frequently Asked Questions

Solutions to common issues related to TaxationTds Tcs Data Feeding And Report.

BUSY FAQ subcategory answers and support

Support

Step-by-step Answers

I am unable to generate reports for TCS in the software.

If you are not able to generate the TCS report in BUSY. Make sure that the TCS feature is enable in the company.Then you can view report from the below steps.
Step 1: Click on Display
Step 2: Then TDS and TCS reports
Step 3: Then TCS collection details

What is TCS ?

Tax Collected at Source (TCS) is the tax payable by a seller which he collects from the buyer at the time of sale. As per new rules applicable from 1st October 2020, a seller selling any commodity to a party is required to collect TCS based on certain conditions.

I am trying to add TCS to a purchase invoice, but it is getting subtracted instead of added. How can I ensure TCS gets added properly in BUSY?

If you want to add the TCS bill sundry of addictive nature then follow the below steps.
Step 1: Click on Administration
Step 2: Then Masters
Step 3: Then Bill Sundry
Step 4: Then Modify
Open the TCS bill sundry and mention the Bill Sundry type as Addictive.

I want to print TDS on contractors and TDS on purchase of goods separately. How can I generate separate reports for C and Q TDS?

You can print both the TDS category seperately by selecting one by one category data in the TDS report from below steps.
Step 1: Click on Display
Step 2: Then TDS/TCS reports
Step 3: Then TDS deduction details
Step 4: Select the tds category and check it

The TDS amount is getting rounded off, but I need the exact TDS amount without rounding in BUSY. How should I achieve this?

If the TDS amount is dont wany to round off then follow the below steps.
Step 1: In the TDS bill sundry, Check the round off setting and disable it.
Step 2: Check the round off configuration in TDS/TCS feature from where we enabled it from Administration menu.

How can I record transactions where the vendor has not provided a GST number, and I need to comply with TDS requirements?

To record transactions without a vendor GST number for TDS compliance in BUSY, you can create a separate ledger account for such transactions and record them accordingly. However, it is important to ensure that the TDS rates are applied correctly based on the type of transaction and vendor.

I am unable to upload Form C on the government portal from BUSY. What should I do?

The 27C form is not available in the standard reports of BUSY. It is currently not possible to generate or access the 27C form within the software. However, you can provide feedback to BUSY regarding this issue and request the addition of the 27C form in future updates.

If I encounter a TDS/TCS related issue, how can I get help or support from BUSY?

You can also get help through the Videos & Document. 
Pls Follow the below Steps:
Step 1: Click on Help menu
Step 2: Then go through the Training and Help Videos
If you press the shortcut key F1 for User Manual and check videos with each feature.

Why am I not able to see certain forms like C in BUSY?

The 27C form is not available in the standard reports of BUSY. It is currently not possible to generate or access the 27C form within the software. However, you can provide feedback to BUSY regarding this issue and request the addition of the 27C form in future updates.

Why is the C form not available in the standard reports of BUSY?

The 27C form is not available in the standard reports of BUSY. It is currently not possible to generate or access the 27C form within the software. However, you can provide feedback to BUSY regarding this issue and request the addition of the 27C form in future updates.
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