IMS how to compliance

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313 Points Joined May 2008

My question is in IMS whether I have to take any action in IMS while filling GSTR-3B, if supplier not file their sales GSTR 1before cutoff date and shown in IMS as "NOT FILE"  on those purchases is reflect in next month if I accept IMS as deemed acceptance (By default) ? -  please clarify request

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On 19 January 2025 at 12:43 Report
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Master in Accounts & high court Advocate
9447 Points Joined December 2011

Supplier's Non-Compliance If a supplier fails to file their GSTR-1 before the cutoff date, the corresponding purchase invoice will reflect as "NOT FILE" in the IMS.

Acceptance of IMS When you accept the IMS, either explicitly or deemed acceptance (by default), you're confirming the accuracy of the ITC claimed.

 Treatment of "NOT FILE" Invoices Invoices marked as "NOT FILE" in the IMS will not be automatically carried forward to the next month's GSTR-3B.

 Action Required To claim ITC on these invoices, you'll need to:

1. _Wait for the supplier to file their GSTR-1_: Encourage the supplier to file their GSTR-1, which will update the IMS.

2. _Claim ITC in the next month's GSTR-3B_: Once the supplier files their GSTR-1, you can claim the ITC in the next month's GSTR-3B.

 3. _Keep a record of the "NOT FILE" invoices_: Maintain a record of these invoices to ensure you claim the ITC accurately.

Important Considerations 1. _Verification of supplier's compliance_: Verify that the supplier has filed their GSTR-1 before claiming ITC.

 2. _ITC claim limitations_: Be aware of the ITC claim limitations, such as the 5% or 10% limit on ITC claims, depending on the supplier's compliance.

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On 19 January 2025 at 13:17


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