Draft Manual on Invoice Management System
17/09/2024
In a significant leap forward in the Goods and Services Tax (GST)
ecosystem, the GST Common Portal has unveiled a ground breaking new facility,
the Invoice Management System (IMS), revolutionizing the way recipient taxpayers
interact with invoices. This innovative feature empowers taxpayers to seamlessly
accept, reject, or keep invoices pending in the system to avail later as and
when required, streamlining the reconciliation process, and ensuring greater
accuracy and efficiency in GST compliance.
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).
This facility is set to transform the way businesses manage their GST
obligations, reducing errors, and saving time and resources. For a detailed
draft manual Please Click Here.
Please Note - this is a draft manual and the final version shall be
published later.
Thanks,
Team GSTN
Refer:- Portal related updates Dated 03.09.2024
Refer:- Portal related updates Dated 22.09.2024
Refer:- Portal related updates Dated 14.10.2024
Refer:- Portal related updates Dated 17.10.2024
Refer:- Portal related updates Dated 12.11.2024