Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - rcm data feeding and report
Should I use "not applicable" GST nature for RCM bank payments in BUSY?.
No, you should not use "not applicable" GST nature for RCM bank payments in BUSY.
After generating the RCM invoice, is there any need to print it out?.
After generating the RCM invoice in BUSY, it is not necessary to print it out.
Should i enter RCM consolidated on monthly or daily basis?
You can enter RCM consolidation voucher based on your requirements either monthly or daily basis.
What is check post-consolidated RCM payable option in BUSY?.
Check post Consolidated RCM payable option in BUSY is used for post RCM tax liability
How did RCM work previously in BUSY?.
when GST impliment in our BUSY software that time we gave RCM process in BUSY
Where is the GST Miscellaneous Utility option located in BUSY?.
The GST Miscellaneous Utility option is located in the Transaction menu of BUSY software.
How frequently do I need to generate the RCM invoice in BUSY monthly, quarterly etc?.
We have Monthly and daily basis option to generate RCM expenses in BUSY .
Where to take RCIM expense in BUSY when passing RCM entry through General Aid?.
While passing RCM entry through Journal Voucher in BUSY you should Debit RCM Expenses
What to select in GST nature while doing RCM expense entry in BUSY?
You need to select GST nature as RCM expense while doing RCM expense entry
Can I create a separate voucher series for reverse charge transactions in BUSY?.
Yes, you can create a separate voucher series for reverse charge transactions in BUSY.