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of <h1>GST Portal Launches Invoice Management System to Boost Taxpayer Efficiency and Accuracy in Invoice Handling.</h1> The GST Common Portal has introduced the Invoice Management System (IMS), a new feature enhancing how recipient taxpayers handle invoices. This system allows taxpayers to accept, reject, or defer invoices, improving the reconciliation process and ensuring accurate GST compliance. It aids in matching records with supplier-issued invoices for correct Input Tax Credit (ITC) claims. This advancement is expected to transform GST management for businesses by minimizing errors and saving time and resources. The current document is a draft manual with the final version to be released later.
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