Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
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.
I'm unable to apply TDS on commission automatically in BUSY. The system used to do it automatically before, but now I have to enter it manually. How can I fix this?
If the TDS on commission configuration is proper then it will apply automatically in the voucher when the threshold limit get crossed. If the threshold limit not get cross but you want to apply the tds then you need to add it manually in the voucher.
What is TCS, and when do I need to pay it along with GST? How is it different from GST in BUSY?
TCS under GST means the tax collected by an e-commerce operator from the consideration received by it on behalf of the supplier of goods, or services who makes supplies through the operator's online platform. TCS will be charged as a percentage on the net taxable supplies.
I have applied discount and TCS adjustments to some purchase vouchers. Could this be leading to incorrect purchase amounts in reports?
If you have applied discount and TCS adjustments in purchase voucher it may lead to incorrect purchase amounts because may be you did not tag proper account or doesnot do proper configuration in those bill sundry and may be you did mistake in your data entry
What is the TDS deduction limit or threshold before it starts applying in BUSY? How can I change this limit?
The threshold limit is different as per the TDS category in the BUSY.
Pls follow the below steps :
Step 1: Click on Administration
Step 2: Then Masters
Step 3: Then TDS category
Step 4: You can check the threshold limit with PAN or without PAN.
I am unable to find the TCS related options in BUSY. Where can I see and configure TCS related settings?
You are not able to find the TCS option then you have 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 TDS/TCS option
Step 5: Enable the TCS Reporting
TDS related entries are not visible in the BUSY reports after adding it. What could be causing this?
You can view the TDS related entries in 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.
I am unable to find the TDS/TCS configuration option. Where can I enable TDS/TCS in BUSY?
You can enable the TDS and TCS feature from 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: Mention the warning for TDS and TCS as per your requirement
Where can I access TDS reports in the software in order to print or email them?
You can print or email tds report from the below steps.
Step 1: Click on print/email/sms menu
Step 2: Then TDS/TCS reports
Step 3: Then Form 26Q or you can also select tds deduction details report
Step 4: Then click on print or email