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Any notification or circular for implementation of invoice management system

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notification or circular for implementation of invoice management system
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The Invoice Management System (IMS) was implemented on the GST portal from October 2024, allowing recipients to review and manage invoices provided by suppliers.¹

 The GSTN advisory states that IMS is an optional facility that enables recipients to accept, reject, or keep invoices pending, which directly impacts their GSTR-2B.²

 *Key Features of IMS:* - _Communication functionality_: Connects suppliers and recipients through invoice documentation and a single dashboard interface. -

_Single-window to process auto-generated GSTR-2B_: Recipient taxpayers can manage all invoices submitted by suppliers and auto-generate GSTR-2B with minimal interventions. -

 _Zero compliance burden_: IMS will not increase compliance burden, as the system will automatically consider invoices 'deemed accepted' if a taxpayer fails to take action.

The GST Council has recommended amendments to the CGST Act and Rules to provide a legal framework for IMS, including the generation of FORM GSTR-2B based on actions taken by taxpayers on IMS.


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