2750 views GST – Frequently asked questions
What is GST?
GST stands for Goods and Services Tax, which is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. It is a type of indirect tax that has replaced many indirect taxes in countries like India.GST simplifies the taxation process, reduces the burden of multiple taxes, and promotes transparency in the tax system. By eliminating the cascading effect and creating a unified market, GST plays a crucial role in the economic structure of a country.
What is the HSN Code?
The HSN Code (Harmonized System of Nomenclature Code) is an internationally standardized system of names and numbers used to classify traded products. It was developed by the World Customs Organization (WCO) and is used globally to ensure uniform classification of goods for customs purposes, making international trade more systematic and standardized.
Is there any customer support number, that we can call for queries?
Yes, we are dedicated to serving the best. You can call on 098-98 66 55 36 (Mon to Sat: 9:00 AM – 7:00 PM), Also you can send WhatsApp message on this number. You can visit our support page for more contact details.
What is GSTR-1?
GSTR-1 is a monthly or quarterly return that needs to be filed by every registered taxpayer under the Goods and Services Tax (GST) in India. It contains details of all outward supplies of goods and services (i.e., sales) made by the taxpayer during the reporting period. Filing GSTR-1 is mandatory for all businesses registered under GST, except for those who have opted for the Composition Scheme.
What is IFF?
IFF stands for Invoice Furnishing Facility. It is an optional facility provided under the GST (Goods and Services Tax) regime in India for small taxpayers who have opted for the Quarterly Return Monthly Payment (QRMP) scheme. The IFF allows these taxpayers to upload and furnish details of their Business-to-Business (B2B) sales invoices every month, even though they file their GSTR-1 return on a quarterly basis.
How many company can I manage under Munim GST?
Munim GST allows you to handle an infinite number of companies.
Can the registered person under compositionscheme claim input tax credit?
No, a registered person under the composition scheme is not eligible to claim input tax credit.
What is meant by Reverse Charge?
This means that the responsibility to pay tax falls on the recipient of goods or services, rather than the supplier, for specified categories of supplies as notified.
Is GSTR-3B auto-filled from GSTR-1 and GSTR-2B?
Yes, some data auto-populates from GSTR-1 and GSTR-2B, but businesses should review and verify all fields before submitting to avoid discrepancies.
What is GSTR-3B, and who needs to file it?
GSTR-3B is a monthly summary return that captures a business’s sales, purchases, input tax credits, and tax liabilities. It is mandatory for all registered taxpayers under GST, even if there were no transactions during the period.
How can I install munim GST on my desktop?
instructions for installing Munim GST Return Filing Software in your desktop.
*to install munim gst web application in your computer, follow these steps:
1. open browser: launch the web browser on your computer.
2. visit Munim GST Return Filing Software website: in the address bar, type “gst.themunim.com” and press enter to navigate to the Munim GST Return Filing Software website.
3. download app: click on the “download desktop app” option available at the main menu to download the installation file.
4. install: now install the application on your computer and start using it.
*to install munim gst shortcut, please follow these steps:
1. open browser: launch the web browser on your computer.
2. visit Munim GST Return Filing Software website: in the address bar, type “gst.themunim.com” and press enter to navigate to the Munim GST Return Filing Software website.
3. initiate installation: on the Munim GST Return Filing Software website, locate and click on the “install” button in the url bar.
4. grant installation permission: your browser will request permission to proceed with the installation. click “allow” to authorize the installation process.
5. installation progress: once you’ve clicked the “install” button and granted permission, the installation process will begin. it typically takes just 3 seconds.
6. shortcut creation: after a successfully installation, you will find a shortcut on your computer screen. this shortcut provides quick and easy access to Munim GST Return Filing Software.
for visual guidance, you can watch an installation video tutorial by following this link: Munim GST Return Filing Software installation video.
What types of data formats are supported?
Munim GST supports a total of 6 different formats, which are listed below.
1. Government Excel 2. Government CSV 3. JSON File 4. Copy/Paste/Write 5. Munim Connector 6. Munim Excel Template
My data is stored in Tally. How can I import my data?
Export all your sales and purchase data from Tally into Excel files. Then, navigate to the ‘GSTR-1’ filing feature in Munim GST and click on ‘Import Your Data’. Simply browse for your Excel file and import the data into Munim GST.
Can the customer who buys from a registered person who is under the composition scheme claim composition tax as input tax credit?
No, customer who buys goods from registered person who is under composition scheme is not eligible for composition input tax credit because a composition scheme supplier cannot issue a tax invoice.
What is the difference between GSTR-1 & GSTR-3B?
You have to report all the sales detail in GSTR-1, whereas you have to report summarised figures of sales, ITC claimed, and net tax payable in GSTR-3B return.
How to check the Return filing status?
Choose any one company from the list and click on Get Filling History icon. A pop-up will appear and you have to click on Get status from portal. Once the process is complete, your status is determined based on the type of return you filed and the month it was filed in.
I have no sales or purchase in a month. Should I still file GSTR-3B?
Yes, GSTR-3B has to be filed by every registered person even if there are no transactions in a month.
Will there be any invoice matching in GSTR-3B?
Invoice matching is not done in GSTR-3B. This is a summarised self-declaration return.
Should I provide invoice-wise details on the GSTR-3B return?
Only consolidated numbers are required in GSTR-3B. Invoice-wise breakup is not required.
What is GST?
GST stands for Goods and Services Tax, which is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. It is a type of indirect tax that has replaced many indirect taxes in countries like India.GST simplifies the taxation process, reduces the burden of multiple taxes, and promotes transparency in the tax system. By eliminating the cascading effect and creating a unified market, GST plays a crucial role in the economic structure of a country.
What is the HSN Code?
The HSN Code (Harmonized System of Nomenclature Code) is an internationally standardized system of names and numbers used to classify traded products. It was developed by the World Customs Organization (WCO) and is used globally to ensure uniform classification of goods for customs purposes, making international trade more systematic and standardized.
Is there any customer support number, that we can call for queries?
Yes, we are dedicated to serving the best. You can call on 098-98 66 55 36 (Mon to Sat: 9:00 AM – 7:00 PM), Also you can send WhatsApp message on this number. You can visit our support page for more contact details.
What is GSTR-1?
GSTR-1 is a monthly or quarterly return that needs to be filed by every registered taxpayer under the Goods and Services Tax (GST) in India. It contains details of all outward supplies of goods and services (i.e., sales) made by the taxpayer during the reporting period. Filing GSTR-1 is mandatory for all businesses registered under GST, except for those who have opted for the Composition Scheme.
What is IFF?
IFF stands for Invoice Furnishing Facility. It is an optional facility provided under the GST (Goods and Services Tax) regime in India for small taxpayers who have opted for the Quarterly Return Monthly Payment (QRMP) scheme. The IFF allows these taxpayers to upload and furnish details of their Business-to-Business (B2B) sales invoices every month, even though they file their GSTR-1 return on a quarterly basis.
How many company can I manage under Munim GST?
Munim GST allows you to handle an infinite number of companies.
Can the registered person under compositionscheme claim input tax credit?
No, a registered person under the composition scheme is not eligible to claim input tax credit.
What is meant by Reverse Charge?
This means that the responsibility to pay tax falls on the recipient of goods or services, rather than the supplier, for specified categories of supplies as notified.
Is GSTR-3B auto-filled from GSTR-1 and GSTR-2B?
Yes, some data auto-populates from GSTR-1 and GSTR-2B, but businesses should review and verify all fields before submitting to avoid discrepancies.
What is GSTR-3B, and who needs to file it?
GSTR-3B is a monthly summary return that captures a business’s sales, purchases, input tax credits, and tax liabilities. It is mandatory for all registered taxpayers under GST, even if there were no transactions during the period.
How can I install munim GST on my desktop?
instructions for installing Munim GST Return Filing Software in your desktop.
*to install munim gst web application in your computer, follow these steps:
1. open browser: launch the web browser on your computer.
2. visit Munim GST Return Filing Software website: in the address bar, type “gst.themunim.com” and press enter to navigate to the Munim GST Return Filing Software website.
3. download app: click on the “download desktop app” option available at the main menu to download the installation file.
4. install: now install the application on your computer and start using it.
*to install munim gst shortcut, please follow these steps:
1. open browser: launch the web browser on your computer.
2. visit Munim GST Return Filing Software website: in the address bar, type “gst.themunim.com” and press enter to navigate to the Munim GST Return Filing Software website.
3. initiate installation: on the Munim GST Return Filing Software website, locate and click on the “install” button in the url bar.
4. grant installation permission: your browser will request permission to proceed with the installation. click “allow” to authorize the installation process.
5. installation progress: once you’ve clicked the “install” button and granted permission, the installation process will begin. it typically takes just 3 seconds.
6. shortcut creation: after a successfully installation, you will find a shortcut on your computer screen. this shortcut provides quick and easy access to Munim GST Return Filing Software.
for visual guidance, you can watch an installation video tutorial by following this link: Munim GST Return Filing Software installation video.
What types of data formats are supported?
Munim GST supports a total of 6 different formats, which are listed below.
1. Government Excel 2. Government CSV 3. JSON File 4. Copy/Paste/Write 5. Munim Connector 6. Munim Excel Template
My data is stored in Tally. How can I import my data?
Export all your sales and purchase data from Tally into Excel files. Then, navigate to the ‘GSTR-1’ filing feature in Munim GST and click on ‘Import Your Data’. Simply browse for your Excel file and import the data into Munim GST.
Can the customer who buys from a registered person who is under the composition scheme claim composition tax as input tax credit?
No, customer who buys goods from registered person who is under composition scheme is not eligible for composition input tax credit because a composition scheme supplier cannot issue a tax invoice.
What is the difference between GSTR-1 & GSTR-3B?
You have to report all the sales detail in GSTR-1, whereas you have to report summarised figures of sales, ITC claimed, and net tax payable in GSTR-3B return.
How to check the Return filing status?
Choose any one company from the list and click on Get Filling History icon. A pop-up will appear and you have to click on Get status from portal. Once the process is complete, your status is determined based on the type of return you filed and the month it was filed in.
I have no sales or purchase in a month. Should I still file GSTR-3B?
Yes, GSTR-3B has to be filed by every registered person even if there are no transactions in a month.
Will there be any invoice matching in GSTR-3B?
Invoice matching is not done in GSTR-3B. This is a summarised self-declaration return.
Should I provide invoice-wise details on the GSTR-3B return?
Only consolidated numbers are required in GSTR-3B. Invoice-wise breakup is not required.
