Frequently Asked Questions

After saving the consolidated Entry in BUSY you need to do payment voucher. 
 Step 1: click on F4 - Post consolidated RCM Payable Voucher. 
 Step 2: Generate Consolidated RCM Payable Voucher and make the necessary adjustments. 
 Step 3: And create consolidated RCM Payable Voucher do Yes. 
 Step 4: After doing Yes Journal voucher will be open. 
 Step 5: select voucher series name, date, voucher no., GST Nature consolidated RCM payable. 
 Step 6: Example: debit account IGST Input Available (RCM) and IGS Output (RCM) 
 Step 7: Save Journal Voucher. 
 Step 8: Reverse Charge Liability window will popup enter all detail RCM Nature, party name, other details 
 Step 9: click on save. you will ask to RCM tax invoice printing. if required you can print.

For claiming ITC on RCM Purchase in buys .
 Step 1: Navigate through the display menu to access the GST report. Select GST summaries and then the GST summary option.
 Step 2: Specify the start and end dates for the report. Additionally, choose other options as required and generate the report.
 Step 3: In the opened report, there should be an option to auto-adjust RCM in input GST. Press F4 for RCM adjustment.
 Step 4: Upon pressing F4, a voucher posting screen will appear. In this screen, select the option for RCM to regular tax adjustment.
 Step 5: Choose the journal voucher series and specify the date for posting the voucher then save voucher 
 step 6 : now adjusted RCM amount appeared in gst summery under section RCM input adjusted.

for prevent data mismatches with portal GST data you need to follow the below steps 
 step 1: you need to reconcile data with GST portal data 
 step 2: Go to the GST misc. utilities option under the transaction menu 
 step 3: click on Download GSTR JSON data and select Download which data you want to download 
 step 4: then select saving mode auto download or manual 
 step 5: download data in which month you want 
 step 6: after download data Esc from that screen and open Reconcile GSTR data and click on which data you want to check GSTR1 or GSTR2A 
 step 7: open report with relevant month and all other option and then you can check mismatches data with portal GST data

To create a backup before deleting data, follow these steps : 
 Step 1: Close the Company. 
 Step 2: Once the company is closed, go to the Company menu and Choose the Backup Data. 
 Step 3: From the Backup Data menu, select the company you want to create a backup for. 
 Step 4: Enter your User ID and Password.(If your company requires a password for authentication, provide your User ID and Password.) 
 Step 5: Specify where you want to save the backup. 
 Step 6: Choose the financial year you want to back up or select All F.Y. if you want to back up all years, then click Ok. 
 These steps will help you create a backup of your company's data before you delete anything.

for delete or modify posted RCM entries in buy please follow below steps 
 Step 1: If the RCM entry was recorded in a Journal Voucher Go to Transactions Menu Click on Journal Voucher option.
 Step 2: Under the Journal Voucher click on modify option and Choose the voucher number and open voucher you want to modify or delete .
 Step 3: Edit the Journal Voucher as necessary to correct the mistake and then save the voucher.
 Step 4: If the RCM entry was done using a Purchase Voucher, so Go to Transactions Menu Click on purchase Voucher option and Choose the voucher number & open voucher you want to modify or delete 
 Step 5: Edit Purchase Voucher as necessary to correct the mistake and then save the voucher.

Yes the RCM tax payment automated in buys for that follow below steps 
 step 1: Navigate to the GST Reports section in the display menu. 
 step 2: in the GST Reports section, open the GST Summary Report. Here, you'll be prompted to Mention the start and end date for the period you want to review or process RCM payments & Select other relevant options as per requirement 
 step 3: Press F4 or the designated function key within the report for auto posting the RCM payment entry. 
 You'll likely be prompted to select a journal series and specify the relevant date for the RCM payment entry. 
 Once you've input the necessary details, save the voucher to confirm and record the RCM payment entry in the system.

There could be several reasons why you are getting an error when trying to create the Consolidated RCM Payable Voucher in BUSY. It is recommended to check the following:
 1. Ensure that you have entered all the necessary details correctly, such as the invoice number, vendor details, and RCM expense amount.
 2. Make sure that you have selected the correct month for which you want to create the voucher.
 3. Verify that you have the necessary permissions and access rights to create and post vouchers in BUSY.
 4. Check if there are any validation rules or restrictions set in BUSY that could be causing the error.
 If the issue persists, it is advisable to contact BUSY support for further assistance in troubleshooting the error.

RCM expenses should be recorded in the Journal or payment vocuher and to book the RCM payable transaction journal voucher is used in BUSY. Please follow the steps below to properly enter RCM expense and to book tax. 
 Step 1: Create the expense master in BUSY and specify the Tax categogy and select the RCM nature as Compulsory.
 Step 2: Go to transaction menu to post journal voucher taking GST nature as RCM expense vouhcer .
 Step 3: Debit required Expense and credit the party account. 
 Step 4: After posting Expense entry, go in transaction GST misc utilities and creating expense liabiity.
 Step 5 :Select monthly or daily basis and open the report and press F4 to post consolidate voucher, Save consolidate voucher in journal.

To enter a purchase voucher in BUSY for a regular firm purchasing from a composition firm without tax, you can follow these steps:
 1. Open BUSY and go to the Purchase Voucher entry screen.
 2. Enter the necessary details such as the supplier's name, invoice number, and date.
 3. In the Item Details section, enter the items purchased and their respective quantities and rates.
 4. Leave the tax field blank or enter "0" in the tax column since the purchase is from a composition firm without tax.
 5. Complete the voucher by entering any additional information required.
 6. Save the voucher to record the purchase transaction in BUSY.
 Please note that the specific steps may vary slightly depending on the version of BUSY you are using.

for post RCM liability in BUSY after passing RCM expenses entry please follow below steps
 step 1:Access GST Miscellaneous Utilities Navigate to this option within the software's transaction menu. 
 step 2:Choose Check/Post Consolidated RCM Payable Click on this option within the GST miscellaneous utilities. 
 step 3:Select RCM Payable Mode Choose either monthly or daily basis for managing RCM payables. 
 step 4:Choose the Period Select the month for consolidating RCM payables and generate the report. step 
 5:After opening the report, use the F4 key to generate a consolidated RCM payable voucher. Choose the relevant series and date,then save the voucher. 
 step 6:While saving the voucher, you'll be prompted to enter relevant details regarding reverse charge liability Fill in this information and save the voucher.