Quick Summary
To enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the Invoice Management System (IMS) is being brought up at portal. This will also facilitate taxpayer in matching of their records/invoices vis a vis issued by their suppliers for availing the correct Input Tax Credit (ITC) and shall allow the recipient taxpayers to either accept or reject an invoice or to keep it pending in the system, which can be availed later
This facility shall be available to the taxpayer from 1st October onwards on the GST portal. Please click here to read the complete advisory on IMS.
FAQ :
The Invoice Management System (IMS) is a new communication process on the GST portal designed to help taxpayers manage invoice corrections and amendments with their suppliers.
The IMS facility will be available to taxpayers from 1st October onwards.
Taxpayers can use the IMS to accept or reject invoices, or keep them pending for later use. This helps in matching their records with invoices issued by suppliers for claiming Input Tax Credit (ITC).
The IMS facilitates taxpayers in matching their records with invoices issued by their suppliers, ensuring they can claim the correct Input Tax Credit (ITC).
The IMS enables communication with suppliers for invoice corrections/amendments, allowing recipients to accept, reject, or pending invoices.
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