Clarification regarding IMS
This query is : Resolved
15 February 2025
Dear Sir/Madam
Plz guide
If my GSTR 2A is Showing record of an invoice of inward supply to me BUT I DO NOT DESIRE TO CLAIM ITS ITC of this Invoice in GSTR 3B. I will take full invoice value as an expense in accounts.
Do I need to REJECT this invoice in IMS ?
or let it remain in IMS. and not claim in GSTR 3B
Plz guide
If my GSTR 2A is Showing record of an invoice of inward supply to me BUT I DO NOT DESIRE TO CLAIM ITS ITC of this Invoice in GSTR 3B. I will take full invoice value as an expense in accounts.
Do I need to REJECT this invoice in IMS ?
or let it remain in IMS. and not claim in GSTR 3B
16 February 2025
Accept in IMS. Claim the ITC and also reverse in 4B1
10 May 2026
To handle invoices in IMS where ITC is not desired, Accept the invoice in the IMS portal to validate the transaction, then report it in GSTR-3B by claiming it in Table 4A and reversing it in Table 4B(2). This allows you to legally treat the GST paid as a business expense in your accounts without triggering a mismatch notice.
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