Frequently Asked Questions

Q: Why is BUSY not closing the RCM for the full months?.

BUSY not Closing the RCM for full 3 months because of we have only Monthly & daily basis option for closing RCM entries by posting Consolidate RCM payable entry.

Q: How do I check the RCM report in BUSY?.

To check the RCM report in BUSY, you can go to the GST Summary report. This report will show you the RCM entries and payments made in the software.

Q: How to find GST miscellaneous option in BUSY ?

To find GST Miscelleneous option in BUSY follow the steps 1 open the company in BUSY 2 go to transaction menu and click on Gst Misc. Utilities

Q: I am getting an error while consolidating my RCM entries in the material utility. What should I do?

if geting an error while consolidating RCM entries check all rcm voucher and resave the voucher after resave all voucher make consolidating entry isue will resolve

Q: How do I claim RCM (Reverse Charge Mechanism) in a later month when I did not enter it earlier?.

For claim RCM in later month as in earlier month did not claimed then needs to enter journal voucher manually for RCM adjustment against Regular tax .

Q: Should the party I create for RCM expenses be registered or unregistered?.

The party created for RCM expenses should be unregistered most of the time but in case if the expenses related to Transport then party should be registered.

Q: I have created a Consolidated Voucher but the Expense amount is incorrect. How can I correct the consolidated according to actual Expense?

Fo rmodifying the consolidated Expense Entry according to updated expense you need to delete the previous consolidated voucher and then make changes in the expense entry.

Q: What causes differences in amounts between my data and portal data for BC transactions?.

the reason to causes differences in amounts between your data and portal data for B2C transactions is taxable amount mismatch or wrong tax calculation in voucher

Q: I am unable to modify RCM entry after posting tax liability voucher.

You are unable to make modification after posting consolidated voucher. Therefore, you need to delete the consolidated voucher and then make changes in the RcM expense.

Q: Where to enter original invoice number in consolidated RCM voucher in BUSY?.

To enter original invoice number in consolidated rcm voucher in BUSY you have to manually enter voucher number when reverse charge liability box will open

Solutions to common issues related to Taxation — Rcm Data Feeding And Report.

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Step-by-step Answers

Why is BUSY not closing the RCM for the full months?.

BUSY not Closing the RCM for full 3 months because of we have only Monthly & daily basis option for closing RCM entries by posting Consolidate RCM payable entry.

How do I check the RCM report in BUSY?.

To check the RCM report in BUSY, you can go to the GST Summary report. This report will show you the RCM entries and payments made in the software.

How to find GST miscellaneous option in BUSY ?

To find GST Miscelleneous option in BUSY follow the steps 
 1 open the company in BUSY 
 2 go to transaction menu and click on Gst Misc. Utilities

I am getting an error while consolidating my RCM entries in the material utility. What should I do?

if geting an error while consolidating RCM entries check all 
 rcm voucher and resave the voucher after resave all voucher 
 make consolidating entry isue will resolve

How do I claim RCM (Reverse Charge Mechanism) in a later month when I did not enter it earlier?.

For claim RCM in later month as in earlier month did not claimed then needs to enter journal voucher manually for RCM adjustment against Regular tax .

Should the party I create for RCM expenses be registered or unregistered?.

The party created for RCM expenses should be unregistered most of the time but in case if the expenses related to Transport then party should be registered.

I have created a Consolidated Voucher but the Expense amount is incorrect. How can I correct the consolidated according to actual Expense?

Fo rmodifying the consolidated Expense Entry according to updated expense you need to delete the previous consolidated voucher and then make changes in the expense entry.

What causes differences in amounts between my data and portal data for BC transactions?.

the reason to causes differences in amounts between your data and portal data for B2C transactions is taxable amount mismatch or wrong tax calculation in voucher

I am unable to modify RCM entry after posting tax liability voucher.

You are unable to make modification after posting consolidated voucher. Therefore, you need to delete the consolidated voucher and then make changes in the RcM expense.

Where to enter original invoice number in consolidated RCM voucher in BUSY?.

To enter original invoice number in consolidated rcm voucher in BUSY you have to manually enter 
 voucher number when reverse charge liability box will open

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