What is the process to apply RCM in BUSY?.

To apply Reverse Charge Mechanism (RCM) in BUSY, you can enter RCM transactions through purchase vouchers or journal vouchers. Kindly follow the following Steps: 
 Step 1: For Journal Voucher: Go to Transactions Menu Click on Journal Voucher option. 
 Step 2: Under the Journal Voucher click on add. option. 
 Step 3: Enter Journal Voucher Header details - Select Voucher Series name, date, voucher no., 
 Step 4: Select GST Nature as RCM Expense. 
 Step 5: Select debit the RCM account and enter Debit amt. 
 Step 6: Select credit the party account and enter Credit side amt. 
 Step 7: Click on Save voucher. 
 Step 8: For Purchase Voucher: Go to transactions Menu click on Purchase voucher option. 
 Step 9: Under Purchase voucher click on Add. 
 Step 10: In Purchase voucher header select Series name, date, vch no. type. 
 Step 11: Select Purchase Type: Local-RCM / UnReg or Service Import-RCM or as required. 
 Step 12: Select ITC Eligibility: Input Goods/Services and will get option for reverse charge: Compulsory or Service Import as required. 
 Step 13: Enter item details qty & price and general purchase entry details. 
 Step 14: Save Purchase Vouchers.