Frequently Asked Questions for BUSY

The cost of BUSY accounting software depends on the edition and model you choose. You can visit the BUSY website or contact their customer support for pricing details.

BUSY accounting software offers a wide range of features such as GST compliance, financial accounting, inventory management, invoicing, MIS reports, and more.

Yes, BUSY accounting software is user-friendly and easy to use. It has a simple and intuitive interface that makes it easy to manage day-to-day business operations.

Yes, BUSY accounting software can be installed on multiple computers and used simultaneously by multiple users.

Yes, BUSY accounting software can be customized to suit your business needs. You can choose from a range of add-ons and extensions provided by various BUSY solution partners to enhance the functionality of the software.

Yes, BUSY accounting software offers its all-new BUSY App for Android and iOS devices. It is an ideal mobile accounting software for existing BUSY users as it integrates seamlessly with Busy accounting software, so users can access 100+ reports, create and share invoices and quotations, capture orders and receipts, etc. from anywhere, anytime.

Yes, BUSY accounting software can be integrated with other software systems such as CRM, ERP, and e-commerce platforms to streamline business operations.

BUSY accounting software offers GST compliance features such as GST returns, GST reconciliation, and auto e-way bills, e-invoices, which helps businesses to comply with GST regulations.

Yes, BUSY accounting software provides training and support for users, including online tutorials, user manuals, and 24×7 customer support.

Yes, BUSY accounting software offers a 15-day free trial period, which allows users to test the software before purchasing it.

Yes, BUSY accounting software is secure, and it uses advanced encryption technology to protect sensitive financial data. Besides, BUSY also offers automatic data backup on google drive.

Yes, BUSY accounting software supports international transactions and can handle multi-currency transactions.

Yes, BUSY accounting software allows you to import data from other accounting software such as Tally.

Yes, BUSY accounting software offers a trial balance feature, which allows businesses to check the accuracy of their accounts.

Yes, BUSY accounting software can generate financial statements such as balance sheets, profit and loss statements, and cash flow statements.

Yes, BUSY accounting software offers configurable invoicing and purchase orders, sales orders, quotation, and challan processing features that allow businesses to manage their business operations smoothly.

Yes, BUSY accounting software offers inventory management features such as Attribute based stock maintenance, Batch/Item/Serial No. – wise, stock tracking, stock valuation, and stock adjustment.

BUSY accounting software offers bank reconciliation features that allow businesses to reconcile their bank transactions and track their bank balances.

Yes, BUSY accounting software offers auto backup on google drive and restore features, which allow businesses to safeguard their financial data and recover it in case of data loss.

BUSY accounting software offers tax compliance features such as complete GST, TDS, and TCS management, which help businesses to comply with tax regulations.

Yes, BUSY accounting software supports multi-user access, and it allows businesses to set different access levels for different users.

Yes, BUSY accounting software offers job costing features, which allow businesses to track their project expenses and revenue.

BUSY accounting software offers cash management features such as cash flow statements and bank reconciliation, which helps businesses to manage their cash flow effectively.

Yes, BUSY accounting software offers fixed asset management features, which allow businesses to track and manage their fixed assets such as machinery, equipment, and vehicles.

Yes, BUSY accounting software offers a purchase management module, which allows businesses to manage their purchase orders, invoices, and payments.

BUSY accounting software offers credit management features such as credit notes, debit notes, and aging analysis, which helps businesses to manage their credit operations efficiently.

Yes, BUSY accounting software offers a point of sale (POS) module with Barcode scanning, which allows businesses to manage their sales operations and inventory from a single platform.

Yes, BUSY accounting software offers budgeting and forecasting features, which allow businesses to plan and forecast their expenses and revenue.

Yes, BUSY accounting software offers integration with third-party apps and tools such as payment gateways, e-commerce platforms, and CRM systems to enhance the functionality of the software. This functionality is offered by solution partners of BUSY.

BUSY accounting software offers inventory management features such as stock tracking, purchase orders, and sales orders, which help businesses to manage their inventory efficiently.

Yes, BUSY accounting software can generate financial reports such as profit and loss statements, balance sheets, and cash flow statements, which help businesses to analyze their financial performance.

BUSY accounting software offers expense tracking features such as expense categories, expense reports, and reimbursement management, which help businesses to track their expenses and manage their cash flow effectively.

Yes, BUSY accounting software offers customization options such as adding custom fields, creating custom reports and modifying workflows to meet the specific needs of businesses.

Yes, BUSY accounting software offers multi-currency support, which allows businesses to transact in different currencies and convert them to their base currency.

Yes, BUSY accounting software offers project management features such as project tracking, task management, and resource allocation, which help businesses to manage their projects effectively.

BUSY accounting software offers inventory valuation features such as FIFO, LIFO, and weighted average, which help businesses to calculate the value of their inventory accurately.

Yes, BUSY accounting software offers job work management features, which allow businesses to track their job work orders, raw material consumption, and finished goods production.

GST accounting software is a digital tool designed to help businesses manage their accounting tasks related to the Goods and Services Tax (GST). It helps automate the calculation, payment, and reporting of GST transactions.

The benefits of using GST accounting software include improved accuracy, efficiency, and compliance. It can help businesses save time and money by automating routine tasks and reducing the risk of errors.

No, GST accounting software is not mandatory for businesses. However, it is highly recommended as it can help businesses comply with GST regulations and reduce the risk of errors.

To choose the right GST accounting software for your business, consider factors such as your budget, business size, industry, and specific accounting needs. Look for software that is easy to use, reliable, and provides the features you need.

Yes, many GST accounting software solutions can integrate with other business software, such as CRM and inventory management software, to streamline business processes and improve efficiency.

Yes, many GST accounting software solutions are cloud-based, which means you can access them from anywhere with an internet connection.

The cost of GST accounting software can vary depending on the vendor, features, and level of support provided. Some solutions offer free plans or trials, while others may charge a monthly or annual fee.

Yes, most GST accounting software solutions can help businesses generate GST returns and file them with the relevant tax authorities.

Yes, many GST accounting software solutions can handle multiple GSTINs for businesses that have more than one registration.

Financial accounting software is a digital tool designed to manage and streamline financial processes within businesses. It helps record, store, and analyze financial data such as income, expenses, assets, and liabilities. This software facilitates accurate financial reporting and ensures compliance with accounting standards and regulations.

The cost of the best financial management software in India varies depending on factors such as features, scalability, and provider. However, there are options available for businesses of all sizes and budgets.

Financial accounting software offers several advantages, including:

• Automation of repetitive tasks, saving time and reducing errors
• Improved accuracy in financial reporting and analysis
• Enhanced organization and accessibility of financial data
• Facilitation of compliance with accounting standards and regulations
• Real-time insights into the financial health of the business
• Streamlined collaboration among team members and stakeholders

Financial accounting software operates by allowing users to input financial data, which is then processed, organized, and stored within the system. Users can generate reports, analyze data, and perform various financial tasks such as invoicing, budgeting, and reconciliation. The software may also offer features for customization, integration with other systems, and cloud-based accessibility.

Cloud-based financial accounting software is a type of software that is hosted on remote servers and accessed via the Internet. This allows users to access their financial data and tools from anywhere with an internet connection, using various devices such as computers, tablets, and smartphones. Cloud-based software offers advantages such as scalability, flexibility, and automatic updates, making it an increasingly popular choice for businesses.

Important features of computerized financial accounting software include:

• General ledger management
• Accounts payable and receivable
• Bank reconciliation
• Financial reporting and analysis
• Budgeting and forecasting
• Inventory management
• Tax management
• Multi-currency support
• Integration with other business systems

Busy Accounting Software is widely regarded as one of the best options for financial accountants due to its comprehensive features, user-friendly interface, and robust reporting capabilities.

Busy Accounting Software is considered one of the best financial accounting software options in India, offering a wide range of features tailored to the needs of Indian businesses.

Busy Accounting Software stands out as one of the most efficient and versatile financial accounting software options available, offering a comprehensive suite of features and customization options to meet the diverse needs of businesses.

To change the financial year in Busy Accounting Software, open the software and log into your company account. It’s essential to back up your existing data to ensure your current records are safe. Next, go to Administration > Change Financial Year to create a new financial year. Busy will seamlessly transfer your data, allowing you to continue your accounting activities without interruption

E way bill software is a digital tool designed to facilitate the generation and management of electronic waybills, which are mandatory documents for the movement of goods exceeding certain thresholds under GST regulations. This software automates the process, making it more efficient and less prone to errors.

Busy Accounting Software is known for its cost-effectiveness in providing e way bill solutions, offering comprehensive features at affordable prices tailored to the needs of businesses in India.

Busy Accounting Software stands out as the best option for real-time e-way bill generation, offering seamless integration and efficient processing to meet the demands of businesses requiring immediate bill generation.

Busy Accounting Software, being a top e-way bill software, offers features such as real-time generation, a user-friendly interface, compliance with GST regulations, invoice customization, payment tracking, and seamless integration with other accounting processes.

Yes, the Express edition of Busy Accounting Software offers a free version that includes e-way bill generation functionality, making it an ideal choice for businesses looking for a cost-effective solution.

With Busy Accounting Software, you can easily create e-way bills in real-time by inputting the required details into the software and initiating the bill generation process, ensuring compliance and efficiency in goods transportation.

Busy Accounting Software is known for its user-friendly interface and suitability for small businesses, offering intuitive features and tailored solutions to meet smaller enterprises’ accounting and e-way bill needs.

Busy Accounting Software offers subscription plans starting from Rs 3600 per year, providing affordable options for businesses of all sizes to access comprehensive e-way bill solutions.

Yes, Busy Accounting Software allows users to customise invoices and track payments seamlessly alongside e-way bill generation, ensuring efficient management of financial transactions while complying with GST regulations.

Busy Accounting Software is renowned for ensuring compliance with GST regulations, offering features and functionalities specifically designed to streamline GST-related processes, including e-way bill generation, invoice management, and tax filing.

Busy Accounting Software consistently ranks among the best e-way bill software options for Indian businesses, offering comprehensive features, affordability, and reliability tailored to the needs of the Indian market.

E-invoice software is a digital tool designed to create, send, manage, and track electronic invoices. It enables businesses to streamline their invoicing process, reduce manual errors, and improve efficiency by automating invoice generation and delivery.

The latest update on e-invoicing in Busy includes enhancements to streamline the invoicing process, improve user experience, and ensure compliance with regulatory requirements. These updates may include new features, bug fixes, and optimizations to enhance performance and functionality.

Busy e-invoice software offers a range of features designed to simplify and optimize the invoicing process. Some key features include:

• Creation and customization of electronic invoices
• Integration with accounting systems for seamless data transfer
• Automatic generation and delivery of invoices
• Tracking and monitoring of invoice status and payments
• Compliance with e-invoicing standards and regulations
• Secure storage and retrieval of invoice data
• Reporting and analytics capabilities for insights into invoicing performance

The pricing benefit of using Busy e-invoicing software starts from Rs.3600 annually and it includes cost savings associated with reduced manual effort, improved efficiency, and streamlined invoicing processes. By automating invoicing tasks and minimizing errors, Busy e-invoicing software helps businesses save time and resources, ultimately leading to increased profitability.

The e-invoicing feature in Busy is known for its user-friendly interface and intuitive design, making it easy for users to create, send, and manage electronic invoices. With simplified workflows and customizable settings, Busy e-invoicing software caters to users of all skill levels, ensuring a seamless and efficient invoicing experience.

Yes, the Busy Mobile App allow users to manage e-invoices on the go. This app provides access to essential invoicing features, such as creating and sending invoices, tracking invoice status, and receiving payment notifications, all from the convenience of a mobile device.

Key features of an e-invoicing software include:

• Invoice customization and branding
• Automated invoice generation and delivery
• Integration with accounting and ERP systems
• Compliance with e-invoicing standards and regulations
• Secure data storage and encryption
• Multi-platform accessibility (desktop, web, mobile)
• Reporting and analytics tools for performance tracking
• Scalability to accommodate business growth
• Customer relationship management (CRM) integration for streamlined invoicing workflows.

GST reconciliation software is a tool designed to streamline and automate the process of comparing the data filed by taxpayers with the data uploaded by their suppliers on the GST portal. It helps in identifying and rectifying any discrepancies between the two sets of data, ensuring accurate GST compliance and minimizing the risk of penalties.

BUSY Accounting Software is widely regarded as one of the best options for GST reconciliation. Its robust features and user-friendly interface make it a preferred choice for businesses looking to efficiently reconcile their GST data.

GST reconciliation software offers several benefits, including:

• Streamlining the reconciliation process, saving time and effort
• Minimizing errors and discrepancies in GST filings
• Providing real-time insights into GST compliance status
• Automating repetitive tasks, reducing manual intervention
• Enhancing accuracy and ensuring compliance with GST regulations

BUSY Accounting Software stands out as the top choice for GSTR 2A reconciliation due to its comprehensive features and reliability in matching purchase data with GSTR 2A seamlessly.

The cost of GST reconciliation software in India can vary depending on factors such as features, scalability, and the provider’s pricing model. However, BUSY Accounting Software offers competitive pricing options tailored to the needs of businesses. The starting price of BUSY Editions is Rs.3600/- annually.

BUSY Accounting Software is the best GST software in India for small and medium businesses. It is the no.1 integrated GST billing software, easy-to-use, powerful and scalable as per your business requirements.

It is a structured procedure introduced by the Government to simplify the taxation process. Ensure accuracy and efficiency, automate the invoicing process and help with GST calculation and compliance.

When choosing the best billing software in India, BUSY Accounting Software stands the best. With its user-friendly interface and robust support, BUSY is one of the favourite business choices for seeking reliable invoicing solutions.

If you are looking for the best & cheapest billing software in India, then BUSY Accounting Software is the best choice. You can use GST Billing Software free for PC as it offers comprehensive functions without manual work. Also, it is an ideal choice for budget-conscious entrepreneurs to maintain efficiency and compliance.

Billing Software is more than just mere automation. It not only simplifies accuracy or reduces manual errors, but also enhances invoicing procedures, ensures tax compliance, and GST regulations & provides insightful reports.

Several free billing software options are available, catering to the needs of small businesses and freelancers. BUSY Accounting Software is the most popular choice, you can use BUSY Express Edition – 100% free accounting software.

Small businesses can benefit from integrated accounting and billing software solutions; like BUSY Accounting Software. This platform offers invoicing features like expense tracking, financial reporting, bank reconciliation and tax compliance, offering an enhanced solution for managing finances effectively.

Billing software automates the invoicing process by capturing relevant transaction details, calculating taxes, applying discounts and generating invoices in various formats. It typically integrates with other systems such as accounting software and payment gateways to streamline the billing cycle from order placement to payment collection.

Restaurant billing software is a specialized solution designed to meet the unique needs of restaurants and food service establishments. It includes features such as menu management, table layout customization, order management, split billing, tax calculation, and integration with point-of-sale systems to streamline operations and enhance the dining experience.

Yes, there are several free billing software options available for businesses, freelancers, and entrepreneurs. One such platform is BUSY Accounting Software, it offers basic invoicing features at no cost, making them suitable for startups and small businesses with limited budgets.

Offline billing software refers to billing solutions that operate independently of an internet connection. Unlike cloud-based billing software, which requires internet access for real-time data synchronization and updates, offline billing software stores data locally on the user’s device or server. This ensures uninterrupted access to billing functionalities even in areas with limited or no internet connectivity.

Inventory management software is like having a digital assistant that helps you keep track of all your products and materials. It’s a tool that organizes your inventory data, makes it easy to find what you need when you need it, and ensures you never run out of stock unexpectedly.

Think of it as your inventory organizer. You input all your product information into the software, like item names, quantities, and locations. Then, whenever you receive new stock or make a sale, you update the software accordingly. It keeps track of everything in real time, so you always know exactly what you have on hand.

Yes, supply chains can be pretty complex, especially for small businesses. But with inventory management software, you can simplify things by tracking your inventory from the moment it’s ordered from suppliers to the moment it’s delivered to your customers.

Absolutely! BUSY Software has robust monitoring and control features. You can easily track stock levels, set reorder points, and manage inventory movements. It gives you complete control over your inventory, so you can avoid stockouts and overstocking.

The purpose is to make your life easier. It helps you stay organised, save time, and prevent costly mistakes. By keeping a close eye on your inventory, you can make informed decisions, improve efficiency, and keep your customers happy.

BUSY Software is a popular choice for small businesses. It’s user-friendly, affordable, and packed with features designed specifically for retailers and manufacturers.

Managing your inventory is a breeze with inventory management software. You can track stock levels, create purchase orders, manage sales orders, and generate reports—all from one convenient platform.

BUSY inventory management software is perfect for online retailers. It integrates seamlessly with e-commerce platforms, so you can easily manage your inventory and orders from one central location.

It handles it like a pro! Busy inventory management software gives you real-time visibility into your supply chain, so you can anticipate delays, adjust inventory levels, and keep your operations running smoothly.

By using inventory management software that offers integration capabilities. With Busy inventory management software, you can sync your inventory data across different platforms, so you always have up-to-date information at your fingertips.

You can organise your warehouse layout, streamline your picking and packing processes, implement barcode or RFID technology, and automate repetitive tasks. Busy software can help you implement these strategies and more.

It uses real-time tracking, automated alerts, and periodic audits to ensure that your inventory data is always accurate and up to date. With Busy Software, you can trust that your inventory levels are always reliable.

You can analyze sales trends, monitor inventory turnover rates, and adjust your inventory levels accordingly. Busy Software provides insights and analytics to help you make informed decisions about your inventory.

Look for features like real-time inventory tracking, automatic reorder alerts, and shipping integration. These features will give you better visibility into your inventory and help you avoid shipping delays or stockouts.

By automating tasks like data entry, invoicing, and purchase orders. BUSY Software eliminates the need for manual paperwork, so you can spend less time on administrative tasks and more time growing your business.

It offers features like expiration date tracking, batch or lot number tracking, and special handling instructions. Busy Software helps you keep track of your perishable, fragile, or high-value stock, so you can minimize waste and maximize profitability.

There is only one type of BUSY Accounting Software that can be used for free and i.e. BUSY Express Edition. It simplifies your accounting processes and empower your business.

Yes, you can use for free during the specified trial period .i.e. for 15 days. The BUSY accounting software free download provides access to a trial version, allowing users to explore its features and functionality without an initial cost.

To activate the licence after downloading and installing:
Open the BUSY Software on system > Enter your licence key/activation code > Fill in the licence details > Follow the prompts to complete the registration.

Yes, BUSY Accounting Software is easy-to-use and scalable according to your growing business needs.

When the 15-day FREE trial version expires, you’ll typically lose access to the software subscription. To continue using the software, you’ll need to purchase a licence or subscription.

Yes, the BUSY Accounting Software 15-day trial is genuinely free. During this period, you can explore the software’s features without any cost. However, once the trial period ends, a subscription or licence purchase is required for continued usage.

The 15-day free trial provides users the opportunity to experience the software’s capabilities firsthand, allowing them to assess its suitability for their business needs without any initial financial commitment.

Yes, BUSY Accounting Software 15-day trials are worth it as they allow you to thoroughly test the software’s functionalities and determine if it aligns with your business requirements before making a financial commitment.

To run BUSY Accounting Software in demo mode, you can typically select the demo option during the installation process or within the software interface. This mode often provides limited access to features for exploration purposes.

Enabling demo mode is usually easy. During the software setup or within its settings, you can find an option to enable demo mode. Follow the provided instructions for activation.

To use the Free 15-day trial, download and install the trial version from the official website. Follow the setup instructions and explore the features during the trial period. If satisfied, you can choose to purchase a licence.

It is designed to be versatile. It is compatible with various devices and operating systems, including Windows. Before installation, check the software’s system requirements to ensure compatibility.

To download the BUSY Software Latest Version – Visit the official Busy software website, go to the “Downloads” section, and follow the on-screen instructions for a smooth installation.

BUSY offers various pricing options tailored to different business needs. The Basic Plan is priced at ₹9,999 per year, the Standard Plan at ₹14,999 per year, and the Enterprise Plan at ₹19,999 per year for single-user access.

BUSY Accounting Software provides both free and paid editions. The BUSY Express edition is 100% free, offering limited but sufficient functionalities for small and medium businesses in their early stages.

The cost of BUSY Blue Edition for a single user is ₹4,999 in New Delhi.

BUSY offers renewal options for single-user licenses, such as the Basic Single User Renewal starts at ₹3499 for one year.

BUSY Software offers three primary editions: Blue, Saffron, and Emerald, each catering to different business requirements and sizes.

BUSY Online refers to the web-based version of BUSY accounting software, which allows users to access and manage their accounting data from any internet-connected device. It offers features such as invoicing, inventory management, financial reporting, and more, all accessible through a web browser.

Yes, BUSY accounting software offers a cloud-based version known as BUSY online. It means that users can access their accounting data and perform various tasks using a web browser and an internet connection without the need for installing the software on their local machines.

Cloud-based accounting software is a type of accounting solution that is hosted on remote servers and accessed via the Internet. Users can manage their financial data, perform accounting tasks, and collaborate with others from any location with internet connectivity.

Online accounting software, also known as cloud-based accounting software, is a digital solution that allows users to manage their financial data and perform accounting tasks over the Internet. Users can access the software from any device with an internet connection, making it convenient for businesses of all sizes.

Cloud-based accounting software offers several benefits, including accessibility from any location with internet connectivity, automatic updates and backups, scalability to accommodate growing business needs, collaboration features for team members, and often cost savings compared to traditional on-premises solutions.

Integrating BUSY cloud-based accounting software typically involves signing up for an account, setting up your company profile and financial data, and then accessing the software via a web browser. Depending on your needs, you can integrate BUSY Online with other business software applications for seamless data transfer and workflow automation.

The benefits of cloud-based accounting software include flexibility and accessibility, real-time financial insights, reduced IT infrastructure costs, automatic backups and updates, improved collaboration among team members, and scalability to support business growth without the need for additional hardware or software installations.

Yes, the EXPRESS edition of BUSY accounting software is 100% free accounting software with limited but sufficient functionalities. Some of the features are invoicing, inventory management, and financial reporting.

BUSY Accounting Software includes both free and paid software solutions. It offers various subscription plans with different features and pricing tiers to cater to the needs of other businesses. While free trial periods are available for paid subscriptions, the EXPRESS edition of BUSY is free.

You can only download the free EXPRESS edition of BUSY, as it is the only free accounting software available. The rest consist of paid subscriptions, but you can still access all the paid subscriptions for free only for a 15-day trial period. Download BUSY Software

BUSY software is a complete accounting solution for small businesses. It helps with invoicing, inventory management, payroll, taxes, and financial reporting. It streamlines accounting processes, improves accuracy, and provides insights into the business’s economic health.

The EXPRESS edition of BUSY accounting software is 100% FREE accounting software. It includes a paid subscription with several subscription plans tailored to the needs of different businesses.

You can find a BUSY free download on the official Busy Accounting Software website. They offer a trial version that allows you to experience the software’s features before purchasing.

Busy Express is designed for small businesses and includes essential features such as inventory management, financial accounting, and GST compliance. These features make Busy Express a comprehensive tool for managing small business operations efficiently.

The Busy Express Edition is tailored for small—to medium-sized businesses. It offers a streamlined version of the Busy Accounting Software with essential features. Unlike the standard version, the Busy Express Edition focuses on core accounting functionalities without the more advanced features that larger enterprises might require.

You can download Busy Express directly from the Busy Accounting Software website. They provide a straightforward download link for the express edition, allowing you to set up and use the software quickly.

Busy Express 21 offers several benefits, including enhanced GST compliance, improved inventory management, and simplified accounting processes. By using Busy Express 21, businesses can ensure accurate financial records and efficient operational management.

Busy software shortcut keys are keyboard combinations that allow users to perform tasks quickly and efficiently within the Busy accounting software

Yes, there is a list available of Busy shortcut keys that users can refer to for quick access to various functions within the software.

Busy shortcut keys can significantly improve productivity by allowing users to perform tasks more quickly, without the need to navigate through menus or use the mouse.

The BUSY 18 License has been discontinued and is no longer used. BUSY 21 was recently launched instead of BUSY 18. You can purchase a BUSY 21 license directly from the official BUSY website. Also, the renewal lasts for around 360 days.

BUSY 18 has been discontinued. However, you can use the BUSY 21 release version. BUSY 21 is the latest version of BUSY Accounting Software, and you can download it from the official website. The upgrade takes up to 360 days.

Case 1: If upgrading to a higher BUSY model, the BUSY Software Renewal date extends based on the base price of your current model, remaining BUSY Software Renewal days, and upgrade price using the formula:
New BLS Date = Current Date + ((Base Price X Remaining Days) + (Upgrade Price X 365)) / (Base Price + Upgrade Price)

Case 2: Adding counts to the existing model calculates the BUSY Software Renewal with the following:
New BLS Date = Current Date + ((Base Price X Remaining Days) + (Upgrade Price X 365)) / (Base Price + Upgrade Price)

Only the BUSY Accounting Software Perpetual Plan is included in the BUSY Software License. The following is the cost of renewing the BUSY software license: For Basic Single-user and Multi-user, it is ₹3,499 and ₹8,499; for Standard Single-user, Multi-user & additional count, it is ₹5,499, ₹13,999 and ₹3,499, and for Enterprise Single-user, Multi-user & additional count, it is ₹6,499, ₹16,999 and ₹3,999. Pricing Effective from 1st June 2024. For more details, visit Price & Plans Page

No, your BUSY license remains active. However, access to new updates and Value-Added Services is unavailable after the BUSY Software Renewal expires.

Renewing your BUSY Software Renewal six months after expiry initiates a 360-day subscription starting from the renewal date.

Since the BUSY 17 download has been discontinued, please upgrade to the latest release of BUSY accounting software, BUSY 21, on the official website. Visit the official BUSY website > Go to resources > Click Downloads.

Support for the Busy 17 free download has been discontinued. Please upgrade to the BUSY 21 version on BUSY’s official website.

BUSY or Busywin 17 download is no longer in service, but you can download the latest release of BUSY accounting software, i.e. BUSY 21, on the official website. Visit the official BUSY website > Go to resources > Click Downloads option.

Busy 17 9.11 download is no longer in use, so please upgrade to the latest release of BUSY accounting software, i.e., BUSY 21, on the official website.

No, Busy Express for BUSY 17 has been discontinued, and you can upgrade to the latest release, BUSY 21, on the official website download section

BUSY 17 rel 9.11 download was discontinued long ago. Instead of BUSY Software17 download, upgrade to BUSY 21, the latest release of BUSY Accounting Software. Go to the Website > Go to resources > Click the downloads option > Select BUSY 21 Downloads.

The BUSY 17 setup download has been discontinued, so it won’t be available online. However, you can download the latest version of BUSY accounting software, BUSY 21, from the official website.

Support for the Busy 17 free download has been discontinued. Please upgrade to the BUSY 21 version on BUSY’s official website.

BUSY or Busywin 17 download is no longer in service, but you can download the latest release of BUSY accounting software, i.e. BUSY 21, on the official website. Visit the official BUSY website > Go to resources > Click Downloads option.

Busy 17 9.11 download is no longer in use, so please upgrade to the latest release of BUSY accounting software, i.e., BUSY 21, on the official website.

No, Busy Express for BUSY 17 has been discontinued, and you can upgrade to the latest release, BUSY 21, on the official website download section

BUSY 17 rel 9.11 download was discontinued long ago. Instead of BUSY Software 17 download, upgrade to BUSY 21, the latest release of BUSY Accounting Software. Go to the Website > Go to resources > Click the downloads option > Select BUSY 21 Downloads.

The BUSY 17 setup download has been discontinued, so it won’t be available online. However, you can download the latest version of BUSY accounting software, BUSY 21, from the official website.

Businesses can claim a tax credit for the tax paid on purchasing capital goods used for business purposes under GST. This is known as Input Tax Credit (ITC). It helps businesses reduce their tax liability. By claiming ITC, companies can save money on their taxes. It helps reduce the overall tax liability.

The input tax credit for capital goods is unique because it applies to long-term assets used in production. In contrast, other inputs include consumables and raw materials used in manufacturing.

The GST on capital goods is usually 12%, 18%, or 28%, depending on the type of capital good.

Sure! A manufacturer purchases machinery for ₹1,00,000 with 18% GST (₹18,000). They can claim the ₹18,000 as an Input Tax Credit (ITC) on capital goods under GST, reducing their total GST payment.

Tax credits for capital goods reduce the GST businesses pay when buying these goods. This encourages firms to invest in long-term assets.

The business records the GST input on capital goods in the ITC ledger under the capital goods ledger. Businesses then use it to offset GST liabilities.

The GST portal stores the input tax credit for capital goods in a section called the “Electronic Credit Ledger.” This section is separate from other sections on the portal. It helps businesses keep track of their input tax credits for capital goods. Businesses can easily access and manage their input tax credits through this section.

You cannot claim ITC on capital goods if you use them for personal or non-business-related purposes.

The capital goods scheme in GST lets businesses claim ITC on capital goods. However, you must make adjustments if you use the goods for exempt supplies or non-business purposes.

The GST credit on capital goods reduces the cost of capital investments. This helps businesses invest more in growth and development and repay the GST they paid.

A transporter ID in GST is a unique identifier assigned to transporters not registered under GST but must generate e-way bills. This ID helps track the movement of goods and ensures compliance with GST regulations.

To get the ID, visit the e-way bill portal, fill out the transporter registration form, and upload the required documents. Once we verify it, we will issue a unique transporter ID.

Transporters use a transporter ID to identify themselves when moving goods across states. It is essential for generating e-way bills, which are mandatory for transporting goods worth more than ₹50,000.

Enter the transport ID in the transporter details section when creating an e-way bill to use it in the system. It ensures that the transporter registers and is authorised to move goods.

Sure, a transporter ID example might look like “12ABCDE3456F7G8.” Each transporter uses a unique alphanumeric code for all e-way bill-related activities.

The e-way bill transport ID system allows transporters to register and obtain a unique ID. Users then use this ID to generate e-way bills, ensuring they track and comply with GST rules for all transported goods.

The eway bill transporter ID is necessary to ensure all transport activities are legal and traceable. This ID helps prevent tax evasion and ensures smooth transportation of goods.

To get a transport ID for an e-way bill, you must register as a transporter on the e-way bill portal. Fill in the required details and submit your application. Once approved, you will receive your transport ID.

To perform a transporter ID check, visit the e-way bill portal and use the search function to verify the transporter ID. It helps to ensure that the ID is valid and the transporter is registered.

To get a Transport ID, visit the e-way bill portal. Fill out a form and submit the necessary documents. After we verify your information, we will issue you a unique transporter ID.

The primary difference between the GST Regular and Composition schemes is the compliance burden and tax rate. Regular GST requires monthly returns and input tax credit, while the Composition Scheme offers quarterly returns with a simplified tax rate but restricts input tax credit.

In the Regular GST vs. Composition GST debate, small businesses often prefer the Composition Scheme due to its simplified compliance and lower tax rates. However, they cannot claim input tax credit, which is available in the regular scheme.

The difference between the Composition and Regular GST schemes lies in the tax rate and filing frequency. The Regular GST scheme requires higher compliance with monthly returns and higher tax rates. In contrast, the Composition GST scheme offers lower tax rates and quarterly returns but limits the input tax credit.

For Regular GST vs Composition GST, any business can opt for the regular scheme, but only those with an annual turnover of up to ₹1.5 crore (₹75 lakh for some states) can choose the Composition Scheme.

The difference between Regular and Composition GST is crucial as it affects the business’s tax burden and compliance requirements. The Regular Scheme involves detailed records and higher taxes but offers input tax credits, while the Composition Scheme simplifies the process at the cost of higher compliance limitations.

The difference between GST Regular and Composition significantly impacts tax filing frequency. Under the Regular GST scheme, businesses must file monthly returns, whereas the Composition Scheme allows for quarterly filings, easing the compliance burden for smaller firms.

The difference between the Regular GST scheme and the Composite GST scheme is particularly evident in input tax credit eligibility. The Regular GST scheme allows businesses to claim input tax credits on purchases, whereas the Composition Scheme does not.

Choosing between Regular vs. Composition GST depends on business size, turnover, and compliance capability. Larger businesses might prefer Regular GST because of the input tax credit, while smaller businesses may opt for the Composition Scheme due to its simplified tax structure and lower rates.

The difference between regular and composition GST significantly impacts the tax rate. The Regular GST scheme has standard GST rates ranging from 5% to 28%, whereas the Composition Scheme has a fixed lower rate (1% for manufacturers and traders, 5% for restaurants).

The frequency and complexity of filings mark the difference between GST Regular and Composition in compliance. The Regular GST requires monthly GSTR-1, GSTR-3B, and annual GSTR-9 filings, while the Composition Scheme simplifies this to quarterly CMP-08 and annual GSTR-4 filings.

The GSTR 3B is a form created by the GST Council. Taxpayers use it to report their total GST liabilities for a specific tax period. It reports total sales, purchases, input tax credits, and tax payable values.

The GSTR 3B due date is typically the 20th of the following month. For example, the April return is due by May 20th. However, the government may extend this deadline under exceptional circumstances.

The format of GSTR 3B includes sections for reporting outward and inward supplies, input tax credits, and tax payments. It requires details on total sales, taxable value, and tax amounts for CGST, SGST, IGST, and Cess.

GSTR 1 vs. GSTR 3B differ mainly in details and purpose. GSTR 1 is a detailed return that includes invoice-wise details of all outward supplies made in a month. In contrast, GSTR 3B is a summary return for reporting overall tax liabilities and claiming input tax credit.

To file GST 3B accurately, summarise your monthly sales and purchases. Calculate your input tax credit and determine your tax payable. Use this data to correctly fill in the GSTR 3B form and file it by the due date.

You can download a GSTR 3B template from the official GST portal or accounting websites. These templates can help you understand the structure and the required details for filing.

Please complete the GSTR 3B by the last date to avoid penalties and late fees. Additionally, it may need help in claiming input tax credits and affect your GST compliance rating. It’s crucial to file on time to avoid these issues.

A taxpayer must file a GST 3B return monthly, summarising their tax liabilities and credits for that period. Regular filing helps taxpayers pay taxes timely and accurately, keeping them compliant with GST regulations.

Understanding GSTR 3B in GST compliance is essential as it helps summarise tax liabilities and credits. Filing GSTR 3B on time is necessary to follow the rules, avoid fines, and keep a business running smoothly under GST.

A multi vehicle e way bill is used when goods under a single invoice must be transported using multiple vehicles. This option enables the division and carrying of the consignment separately.

To generate an e way bill for multiple invoices in one vehicle, each invoice needs a separate e-way bill. All these bills can then be clubbed under the same vehicle number for transportation.

A single invoice can generate a multi-vehicle e-way bill for multiple vehicles with different consignment parts.

“Single Invoice, Multiple Vehicles” indicates that one invoice lists goods that multiple vehicles split and transport. Each car has a corresponding part of the e-way bill.

One invoice can have multiple consignments with individual e-way bills assigned to each part. The e-way bill system keeps track of all vehicles used to transport parts of the same invoice.

To generate multiple e-way bills for a single invoice, first, create a master e-way bill for the total consignment. Then, generate separate e-way bills for each vehicle, referring to the master bill.

A multiple vehicle eway bill is needed when goods from one invoice can’t fit in one vehicle. They must be split among different vehicles because of their size or weight.

Selecting the multi-vehicle option in the e-way bill portal allows you to generate separate e-way bills for each vehicle while linking them to a single invoice.

The benefit of using the multi vehicle e way bill option is the flexibility to transport large consignments by splitting them into smaller loads, ensuring compliance and efficient logistics.

No, one e-way bill cannot cover multiple vehicles. However, a master e-way bill can be created and linked to various individual e-way bills for each vehicle transporting parts of the consignment.

Businesses can receive tax credits for advertising expenses if they use the ads for business purposes. To qualify for tax credits, the supplier must provide accurate invoices. However, the price must not be for personal use or supplying exempt goods or services.

To claim input tax credit, you need a tax invoice. You also need proof of receiving goods or services. Additionally, you need confirmation that the supplier paid GST. Finally, you need evidence of filing relevant returns. Furthermore, businesses must use the goods or services for business purposes.

Section 16 of the GST Act specifies the eligibility and conditions for taking input tax credits. It states that the recipient must have a tax invoice, has received the goods or services, and pay the tax to the government. It also mandates that the recipient file the relevant GST returns to claim the credit.

Businesses can claim an input tax credit on capital goods under GST. They must use the capital goods for business purposes, not personal use. The company must possess a valid tax invoice, and the supplier must have paid the GST. Taxpayers claim the credit in the tax period when they receive the goods.

For example, suppose a company buys a machine for ₹ $1,00,000 plus GST of ₹ $18,000. If the company meets all conditions, it can claim an input tax credit of $8,000 on capital goods. The company can use this credit to offset its GST liability.

Businesses can lower their taxes by claiming the GST paid on purchases as an input tax credit in GST. For example, a company owes ₹10,000 in GST but has already paid ₹4,000 on inputs. The company can use the input tax credit to lower its liability to ₹6,000.

Input tax credit lets businesses subtract tax paid on inputs from their output tax liability. Input Tax Credit in GST, with Example: A manufacturer pays ₹5,000 in GST for raw materials and owes ₹8,000 in GST for finished goods. In that case, the net tax payable is ₹3,000 after claiming the input tax credit with GST.

The advertisement must be for your business to receive a tax credit for advertising expenses. It would be best if you also had a valid invoice for the ad. The supplier must have paid GST for the ad. Make sure to claim the credit within the specified time frame.

To claim input tax credit, you need a valid tax invoice. You also need proof of receiving goods or services. Additionally, you need to ensure the supplier’s compliance. Finally, you must file GST returns correctly.

Determine the amount of GST paid on capital goods. Ensure that you meet all requirements to receive a tax credit. A business can claim an Input Tax Credit (ITC) of ₹90,000 if they buy a delivery van for ₹5,00,000 plus ₹90,000 GST. You must use the van for business operations to claim the ITC.

The limit for using an e-way bill to transport goods varies in different states. Generally, an e-way bill is required if the value of the goods exceeds ₹50,000.

The recent update to the e-way bill limit has made it easier for businesses to follow regulations. The update adjusted thresholds and simplified the bill generation process, which helps reduce delays and improve efficiency.

The e-way bill amount limit requires generating an e-way bill if the value of the goods exceeds ₹50,000. This applies to both interstate and intrastate movements of goods.

Yes, there is an e way bill distance limit. An e-way bill is valid for one day for every 200 km or part thereof. You must extend the validity period if the distance exceeds this limit.

The e-way bill generates a time limit, typically the same day after the invoice date. Therefore, we recommend generating the e-way bill before starting the movement of goods.

The e way bill kilometre limit determines that an e-way bill is valid for one day for every 200 km of travel. For example, if you transport goods 400 km, the e-way bill will be valid for two days.

The e-way bill limit is usually the same for interstate and intrastate supplies. You need an e-way bill if the value is over ₹50,000. However, some states may have different thresholds for intrastate movements.

While the general e way bill limit is ₹50,000, perishable goods may have different requirements. Check specific state regulations and notifications for exemptions or different thresholds applicable to perishable goods.

The new e-way bill update might change the limits, exemptions, or how e-way bills are created and checked. Always refer to the latest notifications from the GST council for accurate information.

The state’s e-way bill limit affects small businesses by deciding when to follow e-way bill rules. Keeping purchases under ₹50,000 helps small companies avoid the hassle of creating e-way bills for each shipment.

The current restaurant GST rate in India is 5% for restaurants that do not provide alcohol. This rate applies to air-conditioned and non-air-conditioned restaurants, including hotels with tariffs of less than ₹7,500 per night.

The type of service provided determines the GST rate for restaurant services. Tax authorities levy a 5% tax on standalone restaurants without allowing input tax credits. Tax authorities apply an 18% tax rate with an input tax credit to restaurants in hotels charging ₹7,500 or more per night.

GST for restaurant services covers the supply of food, beverages, and other services. It includes dine-in and takeaway services, ensuring the hospitality industry applies a standardised tax rate.

The restaurant GST rate composition scheme allows small restaurants to pay a fixed 5% GST on their sales. They do not receive input tax credits. It simplifies compliance for small businesses.

The composition scheme for restaurant businesses is available to those with an annual turnover of up to ₹1.5 crore. This scheme allows restaurants to pay a lower % GST rate of 5% on their turnover, simplifying the tax filing process.

Hotels and restaurants have varying GST rates based on room tariffs. Restaurants in hotels with room rates below ₹7,500 per night charge 5% GST. Hotels with room rates of ₹7,500 or above charge 18% GST, which includes input tax credit provisions.

The GST on hotels and restaurants is 5% for standalone restaurants and hotels with room rates below ₹7,500 per night. For restaurants in hotels with room tariffs of ₹7,500 or above per night, the GST rate is 18%.

The GST on restaurant services is 5% for all food and drinks. This applies whether you eat in, take out, or get delivery. The only exception is if the items include alcohol. It ensures consistency in tax rates across the service spectrum.

The hotel restaurant GST rate for luxury hotels, where room tariffs are ₹7,500 per night, is 18%. This rate applies to all restaurant services within such hotels and allows them to claim input tax credits.

To determine the restaurant GST percentage applicable to your business, consider the type of service and your turnover. Restaurants and hotels with room rates under ₹7,500 per night have a 5% GST rate. Those with rates above ₹7,500 have an 18% rate and can claim input tax credit.

One of the most common mistakes when creating an e invoice is entering incorrect or incomplete buyer details, such as GSTIN, address, or email. This can lead to compliance issues and delays in processing payments.

Mistakes while creating an e invoice can result in penalties, payment delays, and issues with GST reconciliation. Ensuring accuracy helps maintain smooth business operations and compliance.

Common mistakes when creating e invoices include using duplicate or incorrect invoice numbers. Each e invoice must have a unique number to avoid confusion and compliance issues.

Ensure product descriptions are detailed and accurate to avoid mistakes while creating e invoices. Include correct HSN codes and descriptions to prevent mismatches during GST filing.

Incorrect GSTIN, mismatched totals, and missing mandatory fields like invoice date, place of supply, or recipient details can lead to rejections when creating an e invoice.

Common mistakes while creating an e invoice, such as incorrect tax calculations or HSN codes, can lead to GST compliance issues, resulting in fines and increased scrutiny from tax authorities.

Common mistakes when creating e invoices include applying incorrect tax rates or failing to differentiate between CGST, SGST, and IGST. Accurate tax rate application is crucial for compliance.

To minimise mistakes while creating e invoices for interstate transactions, double-check the place of supply and ensure the correct application of IGST instead of CGST and SGST.

To avoid common mistakes when creating e invoices, implement a thorough review process, use automated invoicing software, and update your GSTIN and HSN code lists.

Common mistakes related to payment terms while creating an e invoice include omitting payment due dates or specifying incorrect payment terms, which can lead to disputes and delayed payments.

GSTR 3B is a self-declared summary return filed monthly by taxpayers. It includes details of outward supplies, input tax credit (ITC) claimed, and taxes paid.

GSTR 2A is an auto-populated return containing details of inward supplies based on the data provided by the suppliers in their GSTR-1. It helps taxpayers verify the input tax credit claimed.

The primary difference between GSTR 2A and GSTR 3B is that GSTR 3B is a summary return filed by the taxpayer. At the same time, GSTR 2A is an auto-generated return showing details of inward supplies and ITC based on the suppliers’ GSTR-1.

GSTR 3B vs GSTR 2A reconciliation helps businesses ensure that the input tax credit claimed in GSTR 3B matches the ITC available in GSTR 2A. This process helps avoid discrepancies and potential penalties.

Reconciling GSTR 2A vs 3B is essential to ensure that the input tax credit claimed is accurate and matches the details reported by suppliers. This helps maintain compliance and avoid issues during GST audits.

To perform GSTR 3B vs 2A reconciliation in Excel, download the GSTR 2A data from the GST portal, prepare your GSTR 3B data, and use Excel formulas to compare and identify discrepancies. Highlight mismatches for further verification and correction.

Common discrepancies found during GSTR 3B vs GSTR 2A reconciliation include mismatched invoice numbers, incorrect tax amounts, and differences in ITC claimed versus reported by suppliers.

Businesses should perform a GSTR 2A vs. 3B reconciliation monthly before filing GSTR 3B to ensure the input tax credit claimed is accurate and to avoid any issues with the GST authorities.

Various tools, including GST compliance software, ERP systems with integrated GST modules, and Excel templates designed explicitly for reconciliation tasks, can assist with GSTR-3 B vs. GSTR 2A reconciliation.

Regular GSTR 3B vs GSTR 2A reconciliation helps maintain accurate financial records, ensure proper ITC claims, avoid penalties, prepare for GST audits, and promptly identify and correct supplier-related issues.

An e-way bill is required for railway transport of goods valued over ₹50,000. It ensures compliance with GST regulations and smooth movement of goods by rail.

To generate an e-way bill for railway transport, log in to the GST portal, navigate to the e-way bill section, and fill in the necessary details, such as the consignment’s origin, destination, and transporter ID for the railways.

Key details needed to create an e-way bill for railways include the consignor and consignee’s GSTIN, the description and value of goods, the transporter’s ID, and the RR (Railway Receipt) number.

When creating an e-way bill by train, ensure you have the correct transporter ID and RR number. Also, note that the e-way bill must be updated with the railway’s RR number once the consignment is handed over.

The validity of an e-way bill for railways is based on the distance to be covered. It generally provides one day for every 200 kilometres or part thereof for rail transport.

The RR number in the e-way bill for train transport acts as a tracking reference. Once the goods are handed over to the railways, they must be updated to ensure accurate tracking and compliance.

Yes, the e-way bill for railways can be extended if the journey is delayed due to unforeseen circumstances. The extension request must be made before the original validity period expires.

If an e-way bill is not generated for railway transport, it can lead to penalties, goods detention, and non-compliance with GST regulations, which could disrupt business operations.

To update an e-way bill with the RR number for railway transport, access the e-way bill on the GST portal, enter the RR number in the relevant field, and save the changes to ensure the bill is complete.

While the basic process of generating e-way bills for road and railway transport is similar, the key difference lies in updating the transporter details. The RR number must be included for railway transport once the consignment is handed over to the railways.

Form GST ITC-02 moves tax credits from one business to another during a transfer, such as a merger, sale, or combination.

To get an ITC for a business transfer, the person transferring must fill out Form GST ITC-02 on the GST website. This form contains details about the transferred ITC and the recipient’s information. The transferee must acknowledge the ITC claim in their GST account.

To receive a tax credit for a business transfer, the person transferring the business must complete Form GST ITC-02. This form needs information about the transfer and the amount of transferred credit. The business recipient must then approve the credit in their online account. The person receiving the business must then accept the credit in their online account.

ITC can be transferred even if only part of the business is sold. The ITC claim of business transfer should be proportionate to the value of the transferred business assets and liabilities.

To accept the ITC transfer, the recipient can log into their GST portal account, navigate to the “ITC-02” section, and accept the ITC added to their electronic credit ledger.

To transfer the ITC claim, you need the transferor’s and transferee’s GSTIN. You also need details of the transferred business and a copy of the business transfer agreement. Additionally, you must fill out Form GST ITC-02.

To accept the ITC transfer, the recipient can log into their GST portal account, navigate to the “ITC-02” section, and accept the ITC added to their electronic credit ledger.

If the transferee does not accept the ITC claim on business transfer, they will not transfer the ITC, and the claim will remain pending. The transferee must accept the claim for the ITC and credit it to their account.

The transferor must submit the ITC transfer form within 30 days of the business transfer. It ensures that the ITC is transferred to the transferee on time.

Yes, companies can transfer ITC in the case of a merger or amalgamation. To merge or amalgamate, the transferor needs to submit Form GST ITC-02. The transferee then needs to approve the ITC claim in their GST account.

Late filing under GST incurs a penalty of ₹200 per day, with a maximum penalty of ₹5,000. Additionally, we charge interest at 18% per annum on the outstanding tax amount.

The tax authority charges 18% interest per year on late GST payments from the due date to the payment date. For example, if you owe ₹10,000 and pay it ten days late, the interest would be (₹10,000 x 18% per anum x 10 days / 365 days)

If you don’t follow the GST rules, such as not registering or filing returns, you may be fined up to ₹25,000. The amount of the fine depends on the seriousness of the violation.

Yes, taxpayers can file GST appeals against penalties imposed by the authorities. If you disagree with a decision, you can appeal to the Appellate Authority. After that, you can appeal to the Appellate Tribunal. Finally, you can appeal to the High Court or Supreme Court.

A taxpayer must submit Form GST APL-01, the required documents, and a fee to file GST appeals. The appeal must be filed within three months from the date the order is communicated. The Appellate Authority then reviews the case and provides a verdict.

Yes, incorrect invoicing under GST can attract penalties. You could be fined ₹25,000 for various mistakes related to invoicing. Common mistakes when invoicing include not providing an invoice, giving an incorrect invoice, or missing essential details.

If GST returns are not filed, penalties include late fees and interest on the outstanding tax amount. Additionally, continuous non-filing can lead to the suspension or cancellation of GST registration and other severe penalties.

Taxpayers should file their returns on time to avoid extra fees. They should also report transactions accurately. Keeping good records is essential. Additionally, taxpayers should pay any taxes owed promptly.

The Appellate Tribunal is the second level of appeal in the GST dispute resolution process. Taxpayers can appeal to the Tribunal if they are unsatisfied with the decision of the Appellate Authority. The Tribunal looks at the case and makes a final decision. You can appeal the decision in higher courts if needed.

The tax authority can generally not waive interest on late GST payments because it is a statutory liability. However, taxpayers can request to reduce or eliminate interest by appealing and receiving approval from authorities in certain situations.

Log in to the GST portal using your credentials to download your certificate. Navigate to the ‘Services’ tab, select ‘User Services’, and then ‘View/Download Certificates’. Click on the ‘Download’ button ‘to get your ‘ST certificate.

A GST certificate is an official document issued by the GST authorities upon successful registration. It contains essential details about the registered entity, such as the GSTIN, legal name, trade name, and type of business.

It’s essential to download and save your GST registration certificate as it’s a form of registration. It would be best if you had it for compliance and displayed it at your business location.

To obtain your GST registration certificate, log in to the GST portal. Go to the ‘Services’ section and select ‘User Services’. Click on ‘View/Download Certificate” and then click the ‘Download’ button to save the certificate.

You can download GST certificate multiple times from the GST portal. There is no restriction on how many times you can download your GST registration certificate.

Registering for GST helps businesses by officially identifying them as providers of goods or services. It allows them to claim tax credits and collect GST from customers. It also enhances trust with customers and suppliers.

No, there is no fee for downloading the GST registration certificate from the GST portal. The process is entirely free of charge.

The GST certificate contains information such as the GSTIN, business legal name, trade name, business type, main location, extra locations, and registration date.

Getting a GST registration certificate can help your business in many ways. Obtaining a GST registration certificate can benefit your business in various ways. It can enhance your credibility and allow you to claim input tax credit. Additionally, it enables you to expand your business operations across different states.

If you can’t download your GST certificate, check your internet connection. You can also try clearing your browser cache. Another option is to use a different browser. If the problem persists, contact the GST helpdesk for assistance.

GSTR1 filing is when a registered taxpayer under GST submits details of goods or services sold. This includes invoices, debit and credit notes, and details of exports.

To file GSTR-1 online, log in to the GST portal, go to the ‘Services ‘ tab, select ‘Returns’, and click ‘Returns Dashboard’. Choose the appropriate financial year and return filing period, click ‘Prepare Online’, fill in the required details, and submit.

To filing of GSTR 1, you need information on sales to businesses and consumers. You also need data on exports, debit/credit notes, payments received, and any changes to past filings.

GSTR1 format includes sections for invoice-wise details of B2B supplies, aggregate information of B2C supplies, details of debit and credit notes, export data, and amendments to previous returns.

For taxpayers with a turnover above Rs. 5 crores, the GSTR-1 due date is the 11th of the following month. For others, it is the 13th of the month following the end of the quarter.

No, you cannot revise GSTR-1 after filing. However, you can amend the subsequent GSTR-1 filing by adding or correcting the details.

Missing the GSTR-1 due date can result in a late fee and interest charges. Additionally, your buyers cannot claim input tax credit on the supplies if you do not file on time.

To correct errors in a previously filed GSTR-1, use the ‘Amendment’ section ‘in the subsequent GSTR-1 filing. You can update or rectify the incorrect details from previous returns.

Yes, it is mandatory to file GSTR-1 even if no outward supplies exist. In such cases, you must file a ‘Nil’ return to comply with GST regulations.

Yes, you can use the GST offline tool provided by the GST portal to prepare and upload your GSTR-1. This tool lets you enter details offline and upload the JSON file to the portal.

The supply of goods under GST refers to the transfer of ownership of goods from one person to another for consideration. This includes sale, transfer, barter, exchange, license, rental, lease, or disposal made during business.

The supply of services under GST includes any activity other than the supply of goods. This encompasses a wide range of activities such as consultancy, maintenance, transportation, and professional services provided for consideration.

Under GST, continuous supply of services refers to the provision of services on a recurring or periodic basis, where the contract includes an obligation for payment. Examples include leasing, maintenance contracts, and telecom services.

The continuous supply of goods under GST involves the supply of goods on a constant or recurrent basis under a contract, where the supplier invoices the recipient regularly and makes periodic payments.

The time of supply for goods under GST is usually the date of issue of the invoice or the date of receipt of payment, whichever is earlier. For services, it is the date of provision of services, the date of invoice, or the date of receipt of payment, whichever is earlier.

The key differences between the supply of goods and services under GST lie in the transaction. Goods are tangible and involve a transfer of ownership, whereas services are intangible and involve an agreement to do or refrain from doing something.

For continuous service supply under GST, the tax liability is triggered at the time of issuance of the invoice or when payment is due, as per the contract, whichever is earlier. This ensures that tax is collected periodically.

Under GST, continuous supply means repeatedly supplying goods over a period under a contract, with periodic payments and invoices. This arrangement is typical in industries like utilities, where goods are delivered continuously and payments are made regularly.

Examples of the supply of goods under GST include selling products, leasing machinery, or transferring ownership of items. Examples of the services supplied under GST include consultancy, transportation, and maintenance services.

The tax implications for a continuous supply of goods and services under GST require periodic invoicing and payment. GST must be paid at the time stipulated by the contract, ensuring that tax collection aligns with the delivery and payment schedules.

The e-invoice JSON format is a structured data format for creating and sharing e-invoices under GST. It ensures consistency and standardisation, making it easier for businesses to exchange invoice data electronically.

Yes, an e-invoice sample in JSON format typically includes details like invoice number, date, supplier and recipient GSTIN, item details, tax amounts, and more. You can find official samples on the GST portal or through approved e-invoicing software providers.

An e-invoice JSON file is generated using accounting or billing software that complies with GST e-invoicing standards. The software converts invoice details into JSON format, which is then uploaded to the Invoice Registration Portal (IRP) for validation.

An e-invoice template includes mandatory fields such as invoice number, date, supplier details, recipient details, item description, quantity, unit price, total amount, tax rates, and amounts. These fields are structured in a specific JSON format.

The e-invoice format is essential for businesses because it ensures compliance with GST regulations, reduces invoicing errors, streamlines the invoicing process, and facilitates seamless integration with the GST system for faster tax processing.

Businesses can create an e-invoice using the JSON format by inputting their invoice data into GST-compliant billing software. The software automatically converts the data into the required JSON format and generates the e-invoice for submission to the IRP.

The benefits of using an e-invoice JSON file include standardising invoice data, reducing the chances of errors, easier invoice reconciliation, faster processing and validation by the GST system, and improved compliance with tax regulations.

Yes, businesses need to use GST-compliant billing or accounting software to generate JSON files for e-invoices. This software ensures that all necessary fields are included and formatted correctly according to GST e-invoicing standards.

While you can customise certain aspects of an e-invoice template to suit your business needs, it must still comply with the mandatory fields and structure defined by GST regulations. The core structure in the JSON format should remain intact to ensure compliance.

Official e-invoice samples and templates in JSON format can be found on the GST portal and through authorised e-invoicing software providers. These samples help businesses understand the required format and fields for compliant e-invoicing.

The QRMP scheme under GST stands for GST Quarterly Return Monthly Payment Scheme. It allows small taxpayers with a turnover of up to ₹ five crores to file GST returns quarterly while making tax payments monthly.

The QRMP scheme benefits small taxpayers by reducing the frequency of return filings from monthly to quarterly, thus easing compliance and administrative burdens. However, taxpayers are still required to make monthly tax payments.

The QRMP scheme in GST is available to taxpayers with an aggregate turnover of up to ₹ five crores in the previous financial year. Taxpayers can opt for the scheme from the first day of the second month of the preceding quarter.

To opt into the QRMP scheme, taxpayers must log into the GST portal, navigate to the ‘Services’ section, select ‘Returns’, and then ‘Opt-in for Quarterly Return’. The option must be selected at the beginning of any quarter.

The due date for filing quarterly returns under the QRMP scheme is the 22nd or 24th of the month following the end of the quarter, depending on the state. For instance, the April-June quarter’s due date is July 22nd or 24th.

Under the QRMP scheme, taxpayers make monthly tax payments using Form GST PMT-06 by the 25th of the following month. They can either pay 35% of the previous quarter’s net cash liability or use the self-assessment method to determine their tax liability.

Yes, taxpayers can switch between the QRMP scheme and monthly returns at the beginning of any quarter. They need to opt in or out through the GST portal before the start of the relevant quarter.

Yes, specific compliance requirements under the QRMP scheme GST include timely payment of monthly taxes, filing of quarterly GSTR-3B, and quarterly reconciliation of ITC. Additionally, taxpayers must furnish details of outward supplies in the IFF (Invoice Furnishing Facility) for the first two months of each quarter.

The IFF (Invoice Furnishing Facility) under the QRMP scheme allows taxpayers to upload and furnish details of outward supplies for the first two months of each quarter. This helps pass ITC to recipients without waiting for the quarterly return filing.

If taxpayers miss the QRMP due date, they may face penalties and late fees for non-compliance. Additionally, interest may be charged on the outstanding tax liability. Adhering to the due dates is crucial to avoid these penalties.

The first step to generate an e-way bill in Busy is to log in to the Busy software and navigate to the “Transactions” menu. From there, select e-Way bill” to start the process.

To enter the details for e-way bill generation in Busy, you must fill in the necessary fields such as invoice number, date, product details, HSN code, quantity, and transport details in the e-Way Bill form.

Busy allows you to save the entered details before generating the airline bill. It helps you review and ensure all information is accurate before final submission.

After entering all the details, click the “Generate” button within the Busy software. It will process the information and create the bill, which you can download and print.

If you encounter an error during e-way bill generation in Busy, double-check the entered details for accuracy. If the issue persists, refer to the Busy user manual or contact Busy support for assistance.

Once the e way bill is generated in Busy, you can verify it by checking the summary and details displayed on the screen. You can also download the bill and cross-check it with your records.

You can cancel an e-way bill generated in Busy within 24 hours of its creation, provided the goods have not been transported. Navigate to the e-Way Bill section in Busy and select the “Cancel” option.

To generate an e-way bill for multiple invoices in Busy, use the “Bulk Upload” feature. Compile the”invoice date”ils into a single file, upload it in the e-Way Bill section, and proceed with the generation.

The mandatory information for generating e-way bills includes the invoice number, date, supplier and recipient GSTIN, HSN code, product details, quantity, value, and transport details.

Yes, you can track the status of an e-way bill generated in Busy by using the e-way bill number. Enter this number in the e-Way Bill portal to check the current status of the consignment.

The SAC code for consultancy services is 9983. This code is used for various professional services, including business and management consultancy.

The GST service classification list includes the SAC code for professional services, 9983, which covers a broad range of professional consultancy services.

Under GST, the SAC code for consultancy services is 9983. This code applies to various consultancy services, including management, business, and IT consultancy.

The SAC code for business consultancy services is 998311. This specific code is used for business and management consulting services.

The SAC code for IT consultancy services is 998313. This code is used for services related to information technology consulting.

For tax consultancy services, you should use the SAC code 998336. This code covers all services related to tax advice and planning.

Yes, different types of consultancy services have specific SAC codes. For example, 998311 is for business consultancy services, while 998313 is for IT consultancy services.

To determine the correct SAC code for your consultancy business, refer to the GST service classification list and choose the code that best describes your services. For general consultancy, use 9983.

No, the SAC code for business consultancy services (998311) differs from that for IT consultancy services (998313). Each type of consultancy service has its own specific SAC code.

Using the correct SAC code for consultancy services ensures accurate GST compliance, proper service classification, and the ability to avail of the appropriate tax benefits. The main code for consultancy services is 9983, with specific sub-codes like 998311 for business consultancy.

Offences recognised under GST include issuing invoices without supplying goods or services, using fake invoices, not registering under GST when required, and failing to maintain proper accounts.

The general penalty under GST for non-compliance, when no specific penalty is prescribed, is ₹25,000. It applies to various offences not covered by specific provisions.

Penalties recognised under GST for issuing fake invoices can include a fine up to ₹10,000 or the amount of tax evaded (whichever is higher), along with potential imprisonment.

Failing to register under GST when required can result in penalties recognised under GST, including a fine of 10% of the tax due or ₹10,000, whichever is higher.

GST penalties and offences related to incorrect invoicing include a fine of ₹10,000 or the tax amount evaded. Offences recognised under GST also cover issuing invoices without actual supply.

If GST returns are not filed on time, the taxpayer may face a general penalty under GST of ₹100 per day (for CGST and SGST each), up to a maximum of ₹5,000, along with interest on the tax due.

Correct tax computation can lead to penalties recognised under GST. For tax evasion, the penalty is 10% of the tax amount due, subject to a minimum of ₹10,000.

Not maintaining proper records under GST can result in a penalty of up to ₹25,000. I ensure that businesses keep accurate and comprehensive records.

Yes, penalties under GST for late payment of taxes include interest at 18% per annum on the outstanding tax amount. A general penalty under GST may apply if specific offences are committed.

Offences recognised under GST related to fraudulent claims of input tax credit can result in severe penalties, including fines up to the amount of the tax evaded and imprisonment for severe cases.

In e-way bills, knock-down goods refer to Completely Knocked-down (CKD) and Semi-Knocked-down (SKD) goods. These goods are shipped in parts and assembled at the destination.

Yes, an e-way bill is required for knock-down goods. Whether Completely Knocked Down (CKD) or Semi Knocked Down (SKD), the e-way bill ensures compliance with GST regulations during transportation.

To generate an e-way bill for CKD goods, log into the GST portal, provide consignment details, including the description, quantity, value, and transporter information, and follow the usual process for e-way bill creation.

For an e-way bill for SKD goods, you must include details such as the sender and recipient’s GSTIN, a detailed description of the goods, the number of parts being transported, their value, and the transporter’s details.

When creating an e-way bill for knock-down goods, it’s essential to accurately describe the transported parts and ensure that each consignment’s value and quantity are correctly entered to avoid discrepancies.

The e-way bill for CKD goods requires detailed descriptions of each part being transported rather than a single finished product, which helps track and ensures compliance during the assembly process at the destination.

Challenges with e-way bills for SKD goods include ensuring accurate part descriptions, managing multiple consignments if the goods are transported in phases, and maintaining proper documentation for each shipment.

Yes, multiple e-way bills can be generated if the consignment of knock-down goods is shipped in various batches. Each batch will require an e-way bill detailing the parts transported in that shipment.

The validity period for an e-way bill for CKD and SKD goods depends on the distance to be covered. Typically, one day is allowed for every 200 kilometres or part thereof, similar to other goods.

The official GST portal and related government publications provide guidelines for creating an e-way bill for knock-down goods. These resources provide detailed instructions and ensure compliance with GST regulations.

The adjustment of ITC in GST refers to offsetting the input tax credit against the output tax liability. This helps businesses reduce their tax payable by claiming credit for the taxes paid on inputs and services used in their operations.

The adjustment of ITC under GST benefits businesses by reducing their tax liability. By claiming credit for taxes paid on purchases and expenses, companies can lower the GST they need to remit to the government, thus improving cash flow.

The adjusting input tax credit under GST involves declaring eligible ITC in the GST returns (GSTR-3B) and using the ITC to offset the output tax liability. The taxpayer must pay the remaining balance, if any.

Yes, ITC can be adjusted against different types of GST liabilities. The IGST credit can be used to pay IGST, CGST, and SGST/UTGST in that order, while the CGST credit can be used for CGST and IGST, and the SGST/UTGST credit can be used for SGST/UTGST and IGST.

Yes, there are restrictions on ITC adjustment under GST. For instance, ITC cannot be claimed on certain goods and services such as motor vehicles (with some exceptions), personal expenses, and goods used for personal consumption.

Companies should adapt ITC in GST returns every month when filing GSTR-3B. This ensures that the ITC is appropriately utilised to offset the output tax liability and that utilised compliance is up-to-date.

An error in the ITC adjustment in GST returns can lead to discrepancies and potential penalties. Businesses should rectify the error in subsequent returns and ensure accurate reporting to avoid fines and interest charges.

Under GST, ITC cannot be adjusted against late fees or penalties. It can only offset the output tax liability, not any fees or penalties imposed for non-compliance or late filing of returns.

Valid tax invoices, debit notes, and other relevant documents issued by registered suppliers must claim and adjust ITC under GST. Proper maintenance of these records is essential.

Companies can ensure appropriate adjustment of input tax credit under GST by maintaining accurate records, regularly reconciling their purchase and sales data, timely filing of GST returns, and seeking professional advice if necessary to comply with GST regulations.

The value of supply for wholly in money and GST refers to the consideration of transactions entirely in monetary terms, without involving any goods or services in exchange.

Yes, excess of whole in-money transactions includes the sale of goods or services where the buyer pays the total amount in cash, via bank transfer, or through any other monetary mode of payment.

The supplied value wholly in cash is determined based on the transaction value, which is the price paid or payable for the goods or services, provided the buyer and seller are unrelated, and the price is the sole consideration.

If no consideration is involved, the transaction is not considered wholly in money. In such cases, the value of the supply must be determined based on its open market value or by applying other valuation methods prescribed under GST rules.

The open market value of supply applies to money transactions when the transaction value cannot be determined. It is the total value in money payable by a recipient to obtain such a supply simultaneously and in place under comparable circumstances.

Exceptions exist, such as transactions between related parties or those involving additional non-monetary considerations. In such cases, the supply value might need to be adjusted to reflect the actual economic value of the transaction.

The value of supply wholly in cash is crucial for GST compliance as it determines the tax liability. Accurate valuation ensures correct tax calculation, avoiding penalties and smooth tax credit flow in the supply chain.

The value of supply wholly in money directly affects ITC as it forms the basis for tax computation on inputs and outputs. Correct valuation ensures accurate ITC claims, reducing the business set tax liability.

Yes, discounts can impact the supply value for wholly in-money transactions. If discounts are given at the time of supply and are mentioned in the invoice, they can be deducted from the transaction value to determine the taxable value.

Businesses should consider the actual transaction value, compliance with GST rules, and any applicable discounts, and ensure all relevant details are accurately documented to correctly determine the wholly in-money supply value.

The e-way bill delivery method involves generating an electronic way bill for the movement of goods. It ensures compliance with GST regulations while transporting goods over a specific value.

The primary e-way bill delivery methods include generating the e-way bill online portal, using SMS, or utilising the GST mobile app for quick and convenient creation.

The initial delivery steps of e-way bill generation involve logging into the GST portal, navigating to the ‘e-WayBill” section, and entering the required details, such as invoice number, date, and transport details.

To generate an e-way bill via SMS, register your mobile number on the e-way bill portal and follow the SMS format provided by the GSTN. Send the SMS with the necessary details, and you will receive the e-way bill number in response.

To generate an e-way bill using the GST mobile app, download the app, log in with your credentials, select ‘ Generate Ne”, enter the required information, and submit to receive your e-way bill.

After generating the e-way bill, you can print it by navigating to the ”’PrintEWB” option on the GST portal, entering the e-way bill number, and clicking on ‘G’. Then, select ”’PrintEWB” to get a hard copy.

The final delivery steps of the e-way bill for goods in transit include ensuring the transporter carries the e-way bill in physical or digital form and presenting it at checkpoints if required by authorities.

The transporter can update the e-way bill during delivery by logging into the e-way bill portal, selecting Update Vehicle Number extends the validity, and entering the new details as required.

Using the’Consolidated EW’ feature, an eway bill can be generated for various consignments. This feature combines multiple e-way bills into one for easier management during transportation.

Suppose there is a discrepancy during the e-way bill delivery process. In that case, you should immediately correct any errors on the e-way bill portal or contact GST support for assistance to resolve the issue.

Common errors in GSTR-3B filing include incorrect input tax credit (ITC) claims, mismatched tax amounts, wrong tax period selection, and omission of outward supplies.

To resolve errors in GSTR-3B after submission, you can adjust the discrepancies in the subsequent month’s return. Use the appropriate tables to make corrections and ensure accurate reporting.

If you claim excess ITC in GSTR-3B, you should correct the error in the subsequent return by reducing the ITC claimed. Additionally, you might need to pay interest on the excess amount.

To avoid common errors in GSTR-3B, double-check all entries, reconcile data with your books and months for the correct tax period, and review the tax amounts before submission.

If there is a mismatch in tax amounts in GSTR-3B, identify the discrepancy, correct it in the following month’s return, and pay any additional tax liability with interest, if applicable.

Yes, errors in GSTR-3B can be rectified after filing by adjusting the subsequent returns. Use the relevant sections to amend the mistakes and ensure accurate tax reporting.

If you omit outward supplies in GSTR-3B, you should declare the missed supplies in the next return period. Adjust the tax liability accordingly and pay any due taxes with interest.

You must select the correct tax period in GSTR-3B to rectify this directly. Instead, make correct entries the following month and adjust them to reflect accurate figures.

Yes, there can be penalties for errors in GSTR-3B, especially if they lead to late tax payments. Penalties may include interest on unpaid taxes and late fees for delayed corrections.

The GSTR-3B error rectification process involves identifying the error, making the necessary corrections in the subsequent returns, adjusting tax liabilities, and paying due taxes with applicable interest.

The release of Busy Software 18 download has been discontinued. However, upgrade to BUSY 21 on the official website. Visit the BUSY website > Go to Resources > Select Downloads > Click on BUSY 21.

No, the release of the BUSY 18 download is no longer available. You can upgrade to the latest version of BUSY accounting software, i.e. BUSY 21

You cannot initiate the BUSY 18 Software download as it has been discontinued. However, please upgrade to BUSY 21, the latest release of BUSY Accounting Software, from the BUSY Downloads section.

You cannot set up a file for BUSY 18 setup because it is no longer used. However, kindly upgrade to the latest version of BUSY Accounting Software, i.e., BUSY 21.

Busy 18 6.9 download or any other version of the BUSY 18 setup has been discontinued. Upgrade to BUSY 21, the latest version of BUSY Accounting Software, on the official website. Check the download section for the available versions and select the one you desire.

BUSY 18 was discontinued long ago. Instead of BUSY 18, upgrade to BUSY 21, the latest release of BUSY Accounting Software. To download: Go to the Website > Go to resources > Click the downloads option > Select BUSY 21 Downloads.

BUSY 21 is a new GST-ready business accounting software and is the latest launch of Busy Accounting Software. It is a user-friendly GST product for easy transactions and streamlined statutory business compliance.

Yes, you can use BUSY 21 for free in a 15-day trial, and if you wish to use it more, there are different pricing options you can choose from according to your business requirements. If you want to purchase BUSY 21 Software, Kindly call +91-8282828282 OR Mail support@busy.in

For Busy 21 free download, visit the BUSY website > Go to Resources > Select Downloads > BUSY 21 download >

Busy 21 5.3 downloads, Busy 21 4.3 downloads and other Busy 21 old version downloads will appear on the official website in BUSY Download Section > Regulatory Notes

Yes, downloading Busy 21 5.3 is possible. Visit the BUSY website. Click on Resources in the header > Select the “Downloads” option, and the Busy 21 5.3 download option will appear.

The latest version of BUSY 21 can be found on the official website. To do so, Go to the website, Click on Resources, and select Download.