Overview Of RCM On Sale In Marg Software

Process to enable RCM on Sale in Marg Software

Process to create RCM Sale Type in Marg Software

Process to create Sale Bill in Marg Software

OVERVIEW OF RCM ON SALE IN MARG SOFTWARE

• The Goods Transport Agency is a reliable and efficient transportation service provider. The Transport Agency provides the road transport service for the companies to transfer goods from one place to another. As part of their service, Transporter/GTA issues a Consignment Note to document the transportation process.
• Under the GST Provision, the government calculates the tax at a rate of 5% from the Company instead of from the Transportation Agency through the Reverse Charge Mechanism (RCM) Method. In this case, the Company receives the Input Tax Credit (ITC) instead of the transporters.
• Marg ERP has provided a very beneficial provision in the software that when the Transporter generates the Sale Bill to provide the Transporter's services, the Transportation Tax is not calculated. This provision helps streamline operations for transporters & ensures a smoother taxation process for all parties involved.

PROCESS TO ENABLE RCM ON SALE IN MARG SOFTWARE

• Go to Masters > Marg Setups > Control Room.

• A 'Control Room' window will appear.

• The user will select ‘Search in all’.

• A 'Controls' window will appear in which the user will Search 'RCM'.

• Now click on ‘Accept’.

• A ‘RCM’ window will appear.
• In ‘Reverse Charge on Sale also’, the user will select ‘Y’.

• The user will now press 'ESC' key twice.

• Now click on ‘Yes’ to save the changes.

PROCESS TO CREATE RCM SALE TYPE IN MARG SOFTWARE

• Go to Masters > Ledger Master > Sale > New Sale.

• A ‘Sale Type’ window will appear.
• In ‘Sale type’, the user will select ‘Local’.

• In ‘SGST’, the user will mention ‘2.5’ and press ‘Enter’ key.
• Similary in ‘CGST’, the software will auto take ‘2.5’.

• In ‘Shortcut Name’, the software will auto take ‘LS-GST 5%’.

• Before ‘LS-GST 5%’, the user will mention ‘RCM’ (as shown in below image) and press ‘Enter’ key.

• An ‘Under Sales Group’, window will appear.
• The user will select ‘Local Sales’.

• Now the user will keep pressing ‘Enter’ key.

• Click on ‘Accept’.

PROCESS TO CREATE SALE BILL IN MARG SOFTWARE

• In ‘Type’, the user will press ‘SpaceBar’ key or ‘F7’ key.

Note: If cursor not wait on 'Type', then Click here.

• A ‘Sales Type’ window will appear.
• The user will select ‘RCM LS-GST 5%’.

• The user will load the items in sales bill as per the requirement.

• The user will press ‘Ctrl+W’ key and click on ‘Save’ to save the changes.

• The user will generate GSTR1 and press 'Enter' key on 'B2B' field.

• The user can view in the 'Reverse charge' column that 'RCM' has been applied to that particular bill.

• Now the user will generate GSTR 1 in Excel Template.
• In ‘B2B’, SEZ’,  the user can view ‘Y’ will get reflected in the Reverse charge column.