The Goods and Service Tax (GST) on September 03, 2024, issued a notification regarding the Invoice Management System.
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 the portal. This will also facilitate taxpayers in matching 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.
