Q: What is the use and functionality of the ‘RCM Applicable’ checkbox in Product Master?
Ans: The use of the ‘RCM Applicable’ checkbox selection in Product Master creation is for the GST Reverse charge mechanism. If the ‘RCM Applicable’ checkbox is selected then the GST RCM mechanism will be applicable and GST will not calculate at the time of Raise a PO or Direct Invoice, and if this checkbox is not selected then GST will be auto calculated by system at the time of Raise a PO or Direct Invoice.
Speak to us!
Puzzled! Ask Something?
Still Confused in Selecting the Best!