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title: "FAQs On Rcm Data Feeding And Report Under Taxation | BUSY Software Help"
description: "Get the helpful guide for FAQs related to Rcm Data Feeding And Report under Taxation. BUSY Software Help & Support"
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# FAQs On Rcm Data Feeding And Report Under Taxation | BUSY Software Help

[BUSY FAQs](https://busy.in/faqs/) → [taxation](https://busy.in/faqs/taxation/) → rcm data feeding and report

## I need help understanding where exactly to record RCM expenses in the software.

To record RCM expense entry in BUSY, please follow the mentioned steps.
Step 1: Go in Administartion tab
Step 2: Click on Add account master and add the expense A/c.
Step 3: Specify Tax categogy and RCM nature as compulsory.
Step 4: Go to transations menu and add journal voucher
Step 5: Specify date and select GST nature as RCM expense
Step 6: Debit required Expense A/c, credit the party account and save voucher.
Step 7: Go to GST misc utilities and click on check post consolidate RCM payable voucher .
Step 8: Select report basis as on date or month basis and open the report.
Step 9: Press F4 to post consolidate voucher.

## How to post RCM liability in BUSY?.

To post RCM liability in BUSY do following steps
step 1:Access GST Miscellaneous Utilities Navigate to this option under 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.

## I used to post the RCM voucher from the Check and Post Consolidated RCM Payable option, how do I do it now?.

See the folowing Step for RCM Payble Entry Post
Step 1: Go to transction Menu Click on GST Misc. Utlities
Step 2: then Go to Check Post Consolidated RCM Payble Menu select the option Monthly Basis or Daily Basis as requried
Step 3: After Select the Month Click on ok
Step 4: In RCM payble Monthly Basis Windows Use Key F4 for post Consolidate RCM Payble Voucher
Step 5: Select Journal Voucher Series and Voucher Date then Click on Save
Step 6: In Consololidated RCM Payble Journal Voucher Screen Click on Save
Step 7: after Click on Save Click on Generate RCM Invoice No and Click on Save

## I have been doing GST entries from the beginning, how should I post the RCM voucher?.

See the folowing Step for RCM Payble Entry Post
Step 1: Go to transction Menu Click on GST Misc. Utlities
Step 2: then Go to Check Post Consolidated RCM Payble Menu select the option Monthly Basis or Daily Basis as requried
Step 3: After Select the Month Click on ok
Step 4: In RCM payble Monthly Basis Windows Use Key F4 for post Consolidate RCM Payble Voucher
Step 5: Select Journal Voucher Series and Voucher Date then Click on Save
Step 6: In Consololidated RCM Payble Journal Voucher Screen Click on Save
Step 7: after Click on Save Click on Generate RCM Invoice No and Click on Save

## How do I calculate the GST amount for RCM entries on exempted supplies in BUSY?.

for Calculate RCM Tax Amount follow the Step
Step 1: go to Transacttions GST Misc. Utilities then Go To Check/Post Consolidate RCM Payble Option
Step 2: Select the Option Monthly Basic or Daily Basis
Step 3: after select the Month Click on ok for generate Report
Step 4: in RCM Payble Monthly Basis Windows Click Function Key F4 select Voucher Series and Voucher Date then Click on Save Tab
Step 5:after Click on Save Tab popup Msg box Comeing Click ok Yes then Click on Save
Step 6: While Click on Save a New Windows Come Reverse Charge Liability click on Generate RCM Invoice No then Click on Save

## How do I consolidate RCM payable on a quarterly basis in BUSY?

In BUSY, you have the option to post consolidated RCM (Reverse Charge Mechanism) payables on a monthly and daily basis. However, there is no specific option available for quarterly basis entries. You can post RCM consolidated entry by follow these steps:
Step 1: Go transaction section then select GST Misc. Utilities menu.
Step 2: Now, Click on Check/Post consolidate RCM payable option and then you have to select the range for which RCM consolidate to be post. You can either select Monthly basis or daily basis.
Step 3: Next, Mention the date range/month and open the RCM payable report.
Step 4: Select the entry and can post RCM consolidate entry by Pressing Function key F4 and save the window.

## How do I calculate the tax amount for RCM entries in BUSY?.

for Calculate RCM Tax Amount follow the Step
Step 1: go to Transacttions GST Misc. Utilities then Go To Check/Post Consolidate RCM Payble Option
Step 2: Select the Option Monthly Basic or Daily Basis
Step 3: after select the Month Click on ok for generate Report
Step 4: in RCM Payble Monthly Basis Windows Click Function Key F4 select Voucher Series and Voucher Date then Click on Save Tab
Step 5:after Click on Save Tab popup Msg box Comeing Click ok Yes then Click on Save
Step 6: While Click on Save a New Windows Come Reverse Charge Liability click on Generate RCM Invoice No then Click on Save

## How to create a RCM entry through journal voucher?

To create a rcm entry through journal voucher then follow the below steps.
Step 1: In the expense or fixed assets account ,mention the tax category, select the rcm nature as compulsory and as import services if you have purchased any service from other country.
Step 2: Click on Transactions and then journal
Step 3: Then Add and select the gst nature as rcm entry then debit the expense or fixed asset account and then credit the cash or party account.
Step 4: Go to transactions and then gst misc utilities
Step 5: Then check/post consolidated rcm payable after that select the entry and press f4 for posting the consolidated voucher then rcm entry will reflect in the gst report.

## How to Feed RCM entry?

See the folowing Step for RCM Payble Entry Post
Step 1: Go to transction Menu Click on GST Misc. Utlities
Step 2: then Go to Check Post Consolidated RCM Payble Menu select the option Monthly Basis or Daily Basis as requried
Step 3: After Select the Month Click on ok
Step 4: In RCM payble Monthly Basis Windows Use Key F4 for post Consolidate RCM Payble Voucher
Step 5: Select Journal Voucher Series and Voucher Date then Click on Save
Step 6: In Consololidated RCM Payble Journal Voucher Screen Click on Save
Step 7: after Click on Save Click on Generate RCM Invoice No and Click on Save

## I used to book expenses directly in F and the RCM voucher was created automatically. How do I do it now?

for post RCM Voucher folow the folowing Step
Step 1: Go to transction Menu Click on GST Misc. Utlities
Step 2: then Go to Check Post Consolidated RCM Payble Menu select the option Monthly Basis or Daily Basis as requried
Step 3: After Select the Month Click on ok
Step 4: In RCM payble Monthly Basis Windows Use Key F4 for post Consolidate RCM Payble Voucher
Step 5: Select Journal Voucher Series and Voucher Date then Click on Save
Step 6: In Consololidated RCM Payble Journal Voucher Screen Click on Save
Step 7: after Click on Save Click on Generate RCM Invoice No and Click on Save

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