Frequently Asked Questions

If IGST Not Showing While Post in RCM Entry folow the Step 
 Step:1 Modify the RCM Expenss Master from Account Modify Option 
 Step:2 Make Sure in Account Master Option Select Gst Type is Gst Applicable and Select Right Tax Category 
 Step:3 if Previously Tax Category not define in Account Master Modify and Modify the RCM Voucher entry 
 Step:4 Now check and post rcm Entry it automatic Come RCM Amount

Reverse charge is not reflecting correctly in GST then check you have post RCM consolidated voucher. For posting vouchet, please refer to below mentioned steps:
 Step 1: Go in transaction menu and click on GST misc utilities
 Step 2: Select monthly or daily basis and open the report 
 Step 3: Press F4 key to post consolidate voucher. It wil automatically post a journal voucher for adjustment and then save the voucher.

If you have received a notice from the GST department, it is important to carefully review the notice and understand the reason for it. You should take prompt action and respond to the notice within the specified time frame. It is advisable to seek professional assistance or consult with a tax expert to ensure that you comply with the requirements and provide the necessary information or documents requested by the GST department.

To pass RCM expenss in BUSY , you can follow the Step
 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

for Reverse RCM entry in BUSY see the flowing Step 
 Step 1: Go to Transaction Menu select the Voucher which you want to reversc 
 Step 2: after Select the voucher if Reverse payment entry Click on the Modify select the voucher no click on ok 
 Step 3: in Payment voucher windows in Gst Nature option Change RCM expense to Not Applicable Option 
 Step 4: Sale the Vouher

Yes there is a way to print all consolidated voucher entries made in a month 
1 go to transaction menu and click on gst mesc utilities
2 click on check post consolidated rcm and select the basis as monthly
3 select the month then apply F4 to consolidated voucher entry 
4 after posting the voucher while saving it a window will appear for print consolidated 
voucher entriues make it yes and print

To calculate RCM in BUSY you need to ensure that you have entered RCM purchase or RCM expense entry 
 properly under tax type RCM and mentioned proper tax category in item master and expense ledger 
 then to calculate tax liability go to transaction menu and click on gst misc utilities then click on Check Post consolidated RCM 
 after that select monthly basis and month and press F4

Reverse Charge Mechanism (RCM) tax data will appear in the Duties and Taxes category under current liabilities on the balance sheet. To check the balance sheet in BUSY, follow these steps:
Step 1: Go to Display menu then click on Final result.
Step 2: Click on Balancesheet and select the requirement such as horizontal or vertical.
Step 3: Mention the required date range and press on OK tab to view the report.

here are the steps to be followed to pass consolidate entry for RCM:
Step 1: Go to transaction menu 
Step 2: Then click on Gst Misc. utilities option 
Step 3: Then Check/Post consolidated RCM payable entry 
Step 4: Then select monthly basis or daily basis option as per your requirement 
Step 5: Then press F4 in the particular entry 
Step 6: Then specify series name and click on save button

for check RCM expnses shown in GST summary of BUSY please follow the below steps 
 Step 1 : go to the GST report option under transaction menu 
 Step 2: then open gst summaries option & click on GST summary report 
 Step 3: after that mentioned start and end date for open report, there you can see RCM expenses show under input or output RCM adjustment section