<h1>New Invoice Management System Enhances GST Framework for Better ITC Reconciliation Starting October 2024.</h1> The Invoice Management System (IMS) is a new feature in the Goods and Services Tax (GST) framework, launching on October 1, 2024. It allows taxpayers to manage invoices by accepting, rejecting, or keeping them pending, which aids in accurate Input Tax Credit (ITC) reconciliation. Accessible via the GST portal, IMS will display all filed invoices except those ineligible for ITC. Actions on invoices can be modified until the filing of GSTR-3B. Accepted invoices will contribute to ITC, while rejected ones will not. Pending invoices remain until action is taken or the deadline passes. The system also supports downloading data and regenerating GSTR-2B.