Frequently Asked Questions

To check the Post in Consolidated RCM Payable in BUSY, you need to go to the GST Miscellaneous Utilities menu. From there, select the option "Check Post Consolidated RCM Payable." This will allow you to view the amount of RCM payable and post a voucher for consolidated RCM payable.

By accidentally not created the same ledger 
If RCM posting ledger not show follow the below steps:
Step 1: For create by default →Go to Administration →Configuration → GST/VAT
Step 2: Create Default GST Master or 
Step 3: Re generate master help file or 
Step 4: Default ledger group/tax type change

You can view the RCM report from the below steps.
 Step 1: Click on Transactions
 Step 2: Then GST Misc Utilities
 Step 3: Then check/post consolidated rcm payable
 Step 4: Here all the RCM entries will show, you can check as per your requiredment either daily or monthly.

To customize the voucher tables and fields in BUSY, you can contact your BUSY dealer to create a customized format. They will be able to assist you in adding or removing fields based on your business needs. Please note that there may be additional charges for this service.

RCM expenses in BUSY are accounted for by booking an expense voucher with the nature as RCM expense. A consolidation entry is then passed through GST Utility > Checklist > Consolidate to book the RCM payable. This ensures that the RCM expenses are correctly reflected in the books.

After passing GST RCM consolidate entry in BUSY it will show in GSTR1 Document summary Report because 
 after posting RCM tax liability it will eligible for gst Input in reverse and on behalf of RCM supplier you have 
 to pay the gst to the government

When you press F4 and select "Generate Consolidated RCM Payable Voucher" in BUSY, it will open a window where you can create a consolidated RCM payable voucher. This voucher will consolidate all the RCM expenses that you have entered and generate a single entry for RCM payable.

For reverse charge mechanism in BUSY please follow below mention steps:-
 Step 1:- Create purchase invoice by selecting RCM in GST Type 
 Step 2:- Transaction Tab
 Step 3:- GST Misc. Utility
 Step 4:- Check /Post Consolidated RCM Payable. Pass consolidate entry then reverse charge entry passed

To adjust RCM payment in BUSY you need to follow the steps 
 1 go to display menu and click on GST reports
 2 click on GST summaries then click GST summary 
 3 select date range for summary then press F4
 4 Click on RCM Payment

To access Post Consolidate RCM payable option follow the below steps:
Step 1: Go to transaction menu 
Step 2: Click on Gst MIsc. Utilities 
Step 3: Then click on Check/Post consolidate RCM Payable option 
Step 4: Here you can pass entry of consolidate RCM payable by using F4