Frequently Asked Questions

Incase consolidated RCM is entered but still showingin liability,then please refer to below mentioned points:
 Step 1: Make sure that reference is created against RCM consolidated voucher.
 Step 2: Ensure that ledger amount should match with reference amount.

"For claiming RCM payment, please follow below mentioned steps:
 Step 1: Go to GST summary and press F4 key to make RCM payment.
 Step 2: Press F4 key to adjust the RCM input to regular tax input."

For making RCM payment, please follow below mentioned steps:
 Step 1: Go to GST summary and press F4 key to make RCM payment.
 Step 2: Press F4 key to adjust the RCM input to regular tax input.

IGST option is not showing while consolidated voucher because tax application is based upon the state defined in the account master. Therefore, IGST will be applied when company creation state will be different from the account master.

For making RCM payment, please follow below mentioned steps:
 Step 1: Go to GST summary and press F4 key to make RCM payment.
 Step 2: Press F4 key to adjust the RCM input to regular tax input.

To change the section for your voucher to not show in B2B invoices, you need to select the appropriate section such as 4A, 4B, 4C, or 6C, depending on the type of voucher and tax rate entries.

RCM entries is not showing properly while generating report, please check below points.
 Step 1: Make sure that reference is created against RCM consolidated voucher.
 Step 2: Ensure that ledger amount should match with reference amount. "

The "compulsory" reverse charge option in BUSY means that the reverse charge is mandatory and must be applied. It should be selected when the transaction falls under the criteria for mandatory reverse charge as per GST regulations.

For making RCM payment, please follow below mentioned steps:
 Step 1: Go to GST summary and press F4 key to make RCM payment.
 Step 2: Press F4 key to adjust the RCM input to regular tax input.

Under the Reverse Charge Mechanism (RCM), the liability to pay tax shifts from the supplier to the recipient. This means that the recipient of the goods or services is responsible for the payment of the applicable GST.