Introduction to the Invoice Management System
The new **Invoice Management System (IMS)** allows taxpayers to efficiently address invoice corrections and amendments with their suppliers via the GST portal. This system helps ensure correct Input Tax Credit (ITC) and provides a new communication process for taxpayers to accept, reject, or keep an invoice pending in the system.
This functionality will be available to taxpayers starting **1st October**, and it will become an integral part of the **ITC ecosystem** under the GST regime.
Sample IMS Dashboard
How IMS Works
Once a supplier saves an invoice in **GSTR-1** or **IFF**, the invoice will be reflected in the IMS dashboard of the recipient taxpayer. From here, the recipient can take one of the following actions:
- Accept: The invoice will be considered for the GSTR-2B generation and auto-populated in GSTR-3B.
- Reject: The invoice will not be considered for GSTR-2B generation.
- Pending: The invoice will not be considered for GSTR-2B for that month but can be processed later.
Key Functionality in IMS
- Accepted invoices will move to **GSTR-2B** as eligible ITC.
- Invoices marked as **Pending** will remain in the dashboard for further action in the future.
- Rejected invoices will not form part of the ITC calculation in GSTR-2B.
IMS Functionality Overview
QRMP Taxpayers
For **Quarterly Return Monthly Payment (QRMP)** taxpayers, invoices filed through the **IFF** will flow to the IMS, and GSTR-2B will be generated quarterly. It's important to note that **GSTR-2B** will not be generated for months **M-1** and **M-2** for QRMP taxpayers.
Key IMS Features
- Records will be deemed accepted if no action is taken by the taxpayer before **GSTR-2B** generation.
- Amendments made by suppliers in **GSTR-1A** will also flow into the IMS for recipient taxpayers.
- Pending records will stay in the IMS dashboard until further action is taken.