GSTN Advisory no. 536 dated 17.10.2024
Invoice Management System (IMS) is now available to taxpayers. This new system shall facilitate taxpayers in matching their records/invoices vis a vis issued by their suppliers for availing the correct Input Tax Credit (ITC). Taxpayers can now make use of this facility to seamlessly accept, reject, or keep invoices pending in the system to avail later as and when required. The first GSTR-2B on the basis of actions taken in IMS would be generated for the return period Oct’24 on 14th November, 2024. Please see below attachment for some additional frequently asked questions (FAQs) on IMS to get a better understanding of the new functionality.
Thanking You,
Team GSTN
Source: GSTN
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