Frequently Asked Questions

To delete an incorrect RCM (Reverse Charge Mechanism) expense entry in BUSY, follow these steps: 
 1: Press alt + L to search for the ledger entry you want to delete. 
 2: Enter the required date range and click OK to proceed. 
 3: Once the report opens, locate the entry you wish to delete. 
 4: Press the F8 key on your keyboard. This action will remove the entry from the system.

To adjust Pending RCM of previous year you need to follow the steps 
 Step1 Go to Display menu and click on GST reports 
 Step2 Select GST summaries option and click on GST Summary 
 Step3 Select the month or date range for which you want to adjust RCM and click OK
 Step4 Press F4 and Click on RCM to Regular tax adjustment 
 Step5 Generate the journal voucher created by BUSY automatically

If the RCM tax adjustment entered incorrectly then you need to cross check the entry for gst adjustment by follow these steps:Step 1: Go to Display section then click on GST summaries option.
Step 1: Go to display section then click on GST summaries.
Step 2: Now choose GST summary then specify data range and open the report
Step 3: Check the adjusted entry for rcm payment and RCM to regular tax adjustment entry and correct accordingly.

There could be several reasons why there isn't an increase in the GST Payable with the new RCM entry. It is possible that the RCM entry was not recorded correctly or that there was an error in the calculation. It is recommended to review the RCM entry and ensure that it is accurately recorded. If the issue persists, it is advisable to consult with an accountant or the software support team for further assistance.

To delete the previous RCM entry with a 12% rate, you can follow these steps:
 1. Identify the specific entry you want to delete.
 2. Access the system or software where the entry was recorded.
 3. Locate the entry in the system.
 4. Select the entry and choose the option to delete or remove it.
 5. Confirm the deletion when prompted.
 6. Verify that the entry with the 12% rate has been successfully deleted.

To record RCM expenses in BUSY you have to follow the steps 
 1 go to payment voucher fill series date voucher number and make 
 gst nature RCM expense 
 2 create a expense ledger which tax category must be mentioned in 
 master and RCM nature should be compulsory 
 3 generate payment voucher where debit will be expense and Credit will 
 be the cash/bank or vendor then save the voucher

follow the step to handel RCM expenses Purchases entry Unregister Dealers 
 Step 1: Go to the Menu Transction the Purchase Click on Add 
 Step 2: Enter Voucher Date in Purch Type filed selecr Service Import-RCM then Select the Party Name 
 Step 3: in ITC Eligibility option Click on Input Servies and reverse Charge filed select Service Import 
 Step 4: after select relevent detaile service name, amount save the voucher

If you made monthly freight invoice entry in BUSY properly with proper tax rate in freight account and RCM nature 
 as compulsory and in voucher select RCM Expense then BUSY will calculate RCM automatically but to post RCM 
 tax liability you have to consolidate RCM entry from check post consolidate option under gst misc utilies where 
 you need to select monthly basis and month for rcm and press F4 button

To transfer the RCM rate from 12% to 5% you have to go to the ledger where 
 you have mention tax category 12% then after opening of ledger create a new
 tax category and set tax category 12% and from which date it changes to 5% you 
 have to mention that date in wef option and fill the new tax rate in that box then modify 
 the vouchers again .

To deposit GST for RCM in BUSY you should follow the steps 
First RCM output will adjust with regular gst data if still their is any pending balance of rcm then 
it will be be paid to Government 
1 Go to transaction menu and click on payment voucher 
2 fill date number and select gst nature as GST payment to government
3 select GST Output RCM as debit and Bank as credit and save