Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
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.
I made a sale with TCS but it is not showing in the reports. Why is this happening?
If you added the TCS bill sundry in the sales voucher but not showing in the TCS report.
Step 1: Make sure you have enable the TCS feature in the party master.
Step 2: Make sure that you have created the TCS reference in the sales voucher.
Where can we check the purchase vouchers on which TDS was to be deducted but not deducted?
- It means a report where we can check that purchases eligible for TDS were to be deducted but were not deducted.
To check the purchase vouchers on which TDS was to be deducted but not deducted follow the below steps:
Steps 1 - Display→TDS Report→Purchases eligible for TDS.
How do I modify the TCS deduction applicability and limits for a specific party in BUSY?
We can modify the TCS applicability for the particular party master.
Step 1: Click on Administration
Step 2: Then Masters
Step 3: Then Account
Step 4: Then Modify
Select the party master and in TCS window can change the applicability and pyaee category as per your requirement.
What configuration changes do I need to make in BUSY to start seeing the TDS report?
When you enable the TDS option then can able to 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 view the report TDS category wise.
How can I check if TCS deduction is enabled for a particular party in BUSY?
You can check from below steps for TCS is enable or not for particular party.
Step 1: Click on Administration
Step 2: Then Masters
Step 3: Then Account
Step 4: Then Modify
Select the account master and can check the tds option after entering the account group.
Why are there TDS deductions on the audit report that don't match the vouchers?
The TDS deductions on the audit report may not match the vouchers if there is incorrect mapping of TDS categories to the transactions. It is important to ensure that the correct TDS category is selected for each transaction to accurately reflect the deductions in the audit report.
The TDS deduction window does not open automatically now when my invoice crosses Rs ,. I have to manually open it. Why is the system not opening the TDS window automatically?
When the TDS threshold limit which you have mention in the TDS Category get crossed then it will apply automatically in the voucher. If the threshold limit not get cross but you want to apply the tds then you need to add it manually in the voucher.