Frequently Asked Questions

There is no separate provision for filing Reverse Charge Mechanism (RCM) returns in the Goods and Services Tax (GST) system in India. Instead, RCM is reported in your regular GST returns.

credit/debit notes matching between your data and portal but B2B/B2C have issues because of it could be possible that after GST return filling you changed or modify vouchers in BUSY data

The regular tax adjustment to RCM done before RCM payment by press f4 & selecting adjust RCM to regular tax adjustment in gst summery report within relevent date or months periods

To find the RCM payable balance for payment in BUSY, you can generate the GST Summary report. This report will show you the RCM payable amount that needs to be paid.

RCM consolidate voucher is not generating then check below points:
 1) RCM nature tagged in the account master be compulsory.
 2) Tax category should be defined in the Expense account.

As per the GST rules, you can charge additional taxes such as TDS, TCS, Cess, and Additional Cess for the BUSY transactions. based on eligibility and certain rules and regulations.

The process to square off the RCM input and output involves transferring the RCM input amount to the input account and adjusting the RCM output amount with the payment made.

Next step after posting RCM liability in BUSY is 
 step 1: to check RCM entries in GST summery
 step 2: then post RCM paymet to government through payment entry

Due to on purchases screen not select proper Reverse charge Type - Tag any accept not applicable 
Step 1: Go to purchases (modify ) 
Step 2: Change reverse charges 

NO, there is no specific feature in BUSY to set reminder for RCM payment deadlines, but you can used feature notes manager to set reminder for RCM payment deadlines