Frequently Asked Questions

To resolve the reverse charge calculation issue in the software, make sure that you use the correct voucher for recording transactions involving reverse charge. Additionally, check whether the consolidated entry for RCM Payable has been processed for the specific month. Follow these steps:
Step 1: Go to Transaction menu and click on Gst Misc. utilities option.
Step 2: Select Check/Post consolidated RCM payable option.
Step 4: Choose monthly basis or daily basis option as per your required. 
Step 5: Then press F4 in the particular entry and specify series name and click on save button.
Step 6: After saving Consolidate RCM Payable entry can check RCM data in GST report.

It is possible that you are facing difficulty in understanding how to change 
 the RCM due to lack of familiarity with the software or the specific 
 process You have to follow the steps to change the tax rate of RCM 
 1 To modify RCM rate in purchase open the purchase voucher and select item master
 then press alter and M together and change tax category then save master and resave Voucher
 2 to modify RCM rate in payment voucher open the voucher and select the expense ledger 
 then press alter and M together to modify and change tax rate then resave voucher

If your BUSY balances become mismatched after an RCM entry, it means that there is an inconsistency between the recorded transactions and the actual financial position of your accounts. This can happen due to incorrect entries or adjustments made during the RCM process. It is important to identify and rectify these mismatches to ensure accurate financial reporting and reconciliation. 
 Step 1: Take full Backup. 
 Step 2: open company Go to House - Keeping and click on Update Master Balances. 
 Step 3: click OK to run Update Master Balances. 
 Step 4: After complete process check of Update Master Balances check mismatched balances

You can pass RCM entries with purchase voucher entry. Kindly follow the following Steps: 
 Step 1: Go to transactions Menu click on Purchase voucher option. 
 Step 2: Under Purchase voucher click on Add. 
 Step 3: In Purchase voucher header select Series name, date, vch no. type. 
 Step 4: Select Purchase Type: Local-RCM / UnReg or Service Import-RCM or as required. 
 Step 5: Select ITC Eligibility: Input Goods/Services and will get option for reverse charge: Compulsory or Service Import as required. 
 Step 6: Enter item details qty & price and general purchase entry details. 
 Step 7: Save Purchase Vouchers.

You can pass RCM entries with purchase voucher entry. Kindly follow the following Steps: 
 Step 1: Go to transactions Menu click on Purchase voucher option. 
 Step 2: Under Purchase voucher click on Add. 
 Step 3: In Purchase voucher header select Series name, date, vch no. type. 
 Step 4: Select Purchase Type: Local-RCM / UnReg or Service Import-RCM or as required. 
 Step 5: Select ITC Eligibility: Input Goods/Services and will get option for reverse charge: Compulsory or Service Import as required. 
 Step 6: Enter item details qty & price and general purchase entry details. 
 Step 7: Save Purchase Vouchers.

If you have posted all vouchers in BUSY but RCM is not calculated then you should check the following things 
 1 if you made RCM purchase then check tax rate mentioned in item master and purchase type is RCM 
 2 If you made payment voucher then check GST nature is selected RCM Expense and expense ledgers 
 tax rate mentioned and RCM nature is compulsory 
 3 If all the above process is done then go to gst misc utilities under transaction menu
 4 click check post consolidated RCM and select monthly basis then select month and press F4 to post RCM

To find the RCM expenses entry in BUSY, follow the below steps: 
 1 Go to list of purchase voucher and check does the RCM entries purchase type is under RCM category 
 2 If you made RCM expenses entry then check the expense ledger RCM nature is under Compusory and expense voucher ITC Eligibility option is selected as RCM Expense 
 3 if all the entries were properly entered then go to transaction menu click on gst misc utilities 
 4 Click on Check post consolidated RCM then click on monthly and select the month to find the RCM expenses entry in BUSY.

To validate and save a reverse charge voucher in BUSY, follow these steps:
 1. Open the voucher entry screen in BUSY.
 2. Select the voucher type as "Purchase" or "Payment" voucher, depending on the transaction.
 3. Enter the necessary details such as the party name, invoice number, date, and amount.
 4. In the tax details section, select the appropriate tax ledger for reverse charge.
 5. Enter the tax amount under the reverse charge tax ledger.
 6. Validate the voucher by checking for any errors or missing information.
 7. Once validated, click on the "Save" button to save the reverse charge voucher in BUSY.

You can post RCM (Reverse Charge Mechanism) vouchers in three ways:
 Step 1 : If it's from a journal, payment, or purchase voucher, you have to select 'GST Nature' as 'RCM Expense' for journal and payment vouchers. For purchase vouchers, you need to choose the purchase type as 'Reverse Charges,' and then pick the appropriate 'RCM Charges Type' like 'Compulsory,' 'Service Import,' or 'Daily Limit.'
 Step 2 : After you've handled your RCM expenses or purchases, you can consolidate them into a single RCM voucher. To do this, go to the 'Transaction Menu,' select 'GST Misc. Utility,' and then click on Check/Post RCM Voucher

To account for RCM tax payments in BUSY on unregister supplier purchase You need to follow the steps 
 1 create purchase voucher entry where purchase type must be RCM Unreg which tax type should be RCM Unreg 
 2 create a item master which tax category must be tagged 
 3 save the voucher with other details 
 4 go to transaction menu and click on GST misc utilities click on Check post consolidate RCM 
 5 select monthly basis and select the month for which you need to calculate rcm tax 
 6 press F4 to post RCM tax Liability