Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - rcm data feeding and report
Where can I find the RCM report for freight charges in BUSY?.
You can find RCM report for freight charges in BUSY from GST Reports .
Where is the GST Miscellaneous Utility option located in BUSY?.
The GST Miscellaneous Utility option is located in the Transaction menu of BUSY software.
Where do I enter RCM in BUSY is it in purchase or payment voucher?.
You can enter RCM entry in both Purchase and payment voucher in BUSY
Can I amend RCM entries in BUSY after filing the GST return?.
No, you cannot amend RCM entries in BUSY after filing the GST return.
Can I adjust RCM expenses against my output tax liability in BUSY?.
Yes, you can adjust RCM expenses against your output tax liability in BUSY.
I am unable to find function key for GST adjustment window
You can press F4 key for post automatic posting of the GST voucher.
Where should I put the payable account for RCM payment duties and taxes or current liabilities?.
You should put the payable account for RCM payment under Current liabilities
Can I claim input tax credit on RCM expenses in BUSY?.
Yes, you can claim input tax credit on RCM expenses in BUSY.
Should I make RCM payment entries through bank in BUSY?.
Yes, you should make RCM payment entries through the bank in BUSY.
On whom did you set the RCM at % earlier?.
You can set expenses ledger head under RCM nature for transport services