Invoice Management System (IMS) is made available to taxpayers from 14th Oct 2024.
The 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 make use of this system to take action on the invoices reflecting on IMS from 14th Oct 2024. The first GSTR-2B would be generated for the return period Oct 24 on 14 November 2024 considering action taken on the Invoice Management System. It may be noted that it is not mandatory to take action on invoices in the IMS dashboard for GSTR-2B generation.
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