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    DRI seizes over seven kg amphetamine and three kg cocaine as it intensifies crackdown on drug trafficking in country; three arrested
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October 19, 2026
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Narcotics trafficking enforcement led to airport and road interceptions, baggage concealment detection, seizures, and arrests under the NDPS framework.
Narcotics trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985, involved intelligence-led interceptions at Bengaluru and Delhi airports and near Nagpur. Passenger baggage and a backpack were examined, leading to the seizure of amphetamine and cocaine and the arrest of three passengers. The recoveries included amphetamine concealed in baggage, a ladies' suit and a backpack lining, and cocaine contained in transparent packets within baggage.
October 19, 2026
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October 19, 2026
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Free trade agreement utilisation requires origin compliance, product standards, and documentation to secure preferential export market access.
Effective FTA utilisation requires businesses to identify eligible products and markets, assess tariff preferences and rules of origin, and meet applicable quality, certification, documentation and importing-country requirements. Preferential access under agreements with the UAE, Australia, EFTA countries and the United Kingdom remains subject to each agreement's provisions and implementation status. Tariff preferences may improve price competitiveness and facilitate participation in international supply chains where product- and partner-specific conditions are satisfied.
October 19, 2026
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Coastal narcotics trafficking enforcement addresses suspected maritime methamphetamine smuggling through seizure, asset recovery, and arrests under drug-control law.
Intelligence-led narcotics enforcement addressed suspected coastal storage and maritime transfer of methamphetamine to Sri Lanka. Searches recovered crystal methamphetamine concealed in foil packets within duffel bags, which was seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Searches also recovered suspected drug-sale proceeds and vehicles allegedly used in transportation. Persons allegedly involved in organising coastal export, transport, storage and logistics were arrested and remanded to judicial custody.
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Centralised audit framework targets lower physical branch audit coverage while preserving regulatory oversight and maintaining remuneration.
For FY 2026-27, audit remuneration is to remain at existing levels. Member banks are advised to accelerate a centralised audit framework to improve cost efficiency while retaining comprehensive risk oversight. Physical statutory branch audit coverage should be reduced to cover 50% of total business, apart from centralised treasury audits. Audit coverage must align with SEBI listing and disclosure requirements and RBI guidelines, supported by a Board-approved policy for the centralised audit roadmap.
October 17, 2026
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Promissory estoppel cannot prevent Government shareholding dilution where enacted legislation imposes no restriction on strategic disinvestment.
Government shareholding in IDBI may be reduced or divested because the IDBI (Repeal) Act, 2003 contains no restriction on dilution of the Government's stake. A proposed amendment to limit dilution was rejected and not incorporated into the enacted law. Parliamentary statements cannot override statutory text, and promissory estoppel cannot be invoked on the basis of legislative debate statements to prevent dilution of Government shareholding. Successive Union Budget speeches also reflected a policy of transformation and strategic disinvestment of IDBI Bank.
October 16, 2026
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Recipient-generated e-invoicing under reverse charge enables eligible taxpayers to obtain IRNs for domestic unregistered supplies and imported services.
Eligible active registered recipients meeting the applicable aggregate annual turnover threshold may report recipient-generated self-invoices for specified reverse-charge domestic supplies from unregistered persons and imports of services. RCMDOM and RCMIMP must be selected as the relevant e-invoice supply types when reporting through an authorised Invoice Registration Portal. Submission and validation of prescribed invoice particulars would generate an Invoice Reference Number, subject to applicable GST provisions, notifications and e-invoice specifications.
October 16, 2026
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Reservation Policy Implementation in public financial institutions was examined through capacity building, practical deliberations, and measures for consistent application.
Implementation of the Government of India's Reservation Policy across public sector banks, public sector insurance companies, sectoral regulators and public financial institutions was addressed through capacity building to support uniform and effective application. Deliberations considered practical implementation issues, operational challenges and actionable measures for consistent policy application, alongside related welfare measures and interactive discussion of implementation questions.
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Data-driven trade governance enables integrated monitoring, application analysis and evidence-based policy inputs through the National Strategic Trade Command Centre.
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Private capital mobilisation should use competitive financing, guarantees and risk mitigation to expand productive employment and productivity.
Private capital mobilisation is treated as essential to employment generation and productivity growth. Private enterprises, MSMEs and startups should remain central to job creation, with financing assessed by employment and productivity outcomes rather than volume. Guarantees, risk-mitigation instruments, local-currency financing and lower transaction costs are identified as means to expand affordable and predictable access to capital. Methodologies underlying governance indicators should be transparent, objective, evidence-based and responsive to diverse development experiences.
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Narcotics smuggling through misdeclared air cargo triggered seizure, arrest, and ongoing investigation into concealed hydroponic weed imports.
A Bangkok-origin air-cargo consignment declared as PU Tubes was examined on suspicion of mis-declaration. Plastic spools were found to contain concealed cavities holding polythene-wrapped packets of compacted green substance, preliminarily identified as suspected ganja/marijuana and described as hydroponic weed. The concealed substance, packaging and concealment material were seized under the NDPS Act, 1985. One person was arrested, and follow-up searches produced leads for continuing investigation.
October 16, 2026
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Unaccompanied baggage gold smuggling: concealed hardware and insider coordination triggered interception, seizure, and arrests under customs law.
Foreign-origin gold smuggling through the unaccompanied baggage channel involved concealment of gold within hardware items and coordinated retrieval through warehouse personnel and intermediaries. Intelligence-led interception resulted in recovery and seizure of foreign-origin gold concealed in a floor spring, metal locks, a grease gun and a door closer. The arrangement used a trolley secured by a pre-decided number-lock combination, with a warehouse staff member, mediator and receiver allegedly involved in delivery of the concealed gold.
October 16, 2026
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Opium cultivation licensing grievance redressal advances through public hearings, administrative remedies, policy recording, and a planned cultivator helpline.
Opium cultivation licensing grievances were addressed through a public hearing where cultivators raised irrigation, climatic, single-plot licensing, and village-wise allocation concerns. Participants were informed of available legal provisions and administrative remedies. Requests for more licences and larger cultivation plots were considered, with policy matters recorded. A helpline is intended to assist cultivators during the 2026-27 licensing operation.
October 16, 2026
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Illicit cannabis cultivation: crop destruction followed legal formalities, while investigation continues in a remote wildlife sanctuary.
Illicit cannabis cultivation was located by a joint DRI and CBN team across five stretches of remote, densely forested wildlife-sanctuary land near village Jamniapani, Shirpur, District Dhule, Maharashtra. The cultivation covered 2.87 hectares. Following requisite legal formalities, the cannabis crop was destroyed using a rotavator in the presence of Police and Forest Department officials. Investigation remains in progress.
October 15, 2026
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Merchandise and services trade estimates show export growth, import expansion, and a wider combined trade deficit over the reporting period.
Combined trade estimates for April-September 2026-27 show exports of US$ 476.20 billion and imports of US$ 551.13 billion, resulting in a trade deficit of US$ 74.93 billion. Merchandise exports rose to US$ 259.89 billion, while merchandise imports reached US$ 437.53 billion. Estimated services exports were US$ 216.31 billion and services imports were US$ 113.60 billion, producing a services trade surplus of US$ 102.71 billion. September services figures are estimates, and specified earlier-period data were revised using quarterly balance-of-payments data.
October 15, 2026
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Emerging technology skills and resilient supply chains are positioned as foundations for investment competitiveness and inclusive economic growth.
Ministerial policy priorities for India's trade, investment and technology agenda emphasise artificial intelligence, cybersecurity, technology adoption, manufacturing investment and lifelong skill development. Investment competitiveness is linked to political stability, resilient supply chains, and fair and transparent trading practices. The first tranche of a bilateral trade agreement with the United States has been finalised, while final contours and legal drafting continue before operationalisation.
October 14, 2026
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Majority stake acquisition in the jewellery sector receives competition clearance for GRT Jewellers' purchase of Tribhovandas Bhimji Zaveri.
Competition Commission of India approved GRT Jewellers (India) Private Limited's proposed acquisition of a majority stake in Tribhovandas Bhimji Zaveri Limited. The transaction concerns entities operating in the Indian gems and jewellery market, including a private limited acquirer and a publicly listed target engaged in manufacturing and sale of gems and jewellery.
October 14, 2026
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Minority shareholding acquisition in mother and baby healthcare receives competition clearance for a private equity-backed investment.
Competition Commission of India clearance authorises NuageLux BidCo S.a r.l. to acquire approximately 23% of the fully diluted shareholding in Kids Clinic India Ltd. The transaction constitutes an acquisition of a minority equity interest in a healthcare provider operating under the Cloudnine brand. NuageLux BidCo is a Luxembourg-incorporated private limited special purpose vehicle, ultimately controlled by Permira Holdings Ltd.

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Frequently Asked Questions on IMS

September 23, 2024

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With the Introduction of Invoice Management System (IMS), the taxpayers interaction with invoices and business processes will change. 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. Frequently asked questions (FAQs) on IMS to get a better understanding of the new functionality.

Thanks,
Team GSTN

Frequently Asked Questions: Invoice Management System (IMS)

Sr No.

Question

Reply

1.

What is Invoice Management System (IMS)?

Invoice Management System (IMS) is a facility in GST system, where the invoices/records saved/filed by the supplier in GSTR-1/1A/IFF, can be accepted, rejected or kept pending by recipients in order to correctly avail ITC.

2

How can I access IMS?

IMS can be accessed using below path on GST Portal : Dashboard > Services > Returns > Invoice Management System (IMS) Dashboard.

3

When will IMS be made available to taxpayers?

IMS will be launched on the GST Portal from 1st October 2024 and shall be available to the taxpayers for taking actions on the received invoices/records from 14th October 2024 onwards.

4

What all records will be available in IMS for taking an action?

All the saved or filed original invoices/records and their amendments by suppliers through GSTR- 1/1A/IFF will be available to the recipient for taking actions in IMS. However, the documents where ITC is not eligible either due to:

  1. POS rule or
  2. Section 16(4) of the CGST Act,

will not appear on IMS and will directly go to ‘ITC Not

Available’ section of GSTR-2B.

5

What will happen to the accepted and rejected record?

All the accepted/rejected records belonging to a particular GSTR-2B period will be removed from IMS on filing of GSTR-3B for that particular period. Only the pending record and the invoices/records belongs to future tax period shall remain in IMS.

6

When will the documents be flown to IMS?

The documents will be available in IMS as soon as they are saved by the supplier in their corresponding GSTR-1/1A/IFF.

7

When can the recipient taxpayer take action on a record?

As soon as a supplier/ taxpayer saves an Invoice/ records in GSTR-1/1A/IFF, it is shown and is available to the recipient taxpayer in IMS for taking actions.

8

What all documents will not be made available in IMS but will be part of GSTR-2B?

Below records will not be part of IMS but will directly flow to GSTR-2B:

  1. Document flowing from the following forms:
    • GSTR 5
    • GSTR 6
  2. ICEGATE documents
  3. RCM records
  4. Document where ITC is ineligible due to:
    • POS rules
    • Section 16(4) of CGST Act
  5. Documents  where  ITC  to  be  reversed  on account of Rule 37A

9.

Who will have access to IMS functionality?

Taxpayers registered as normal taxpayers (including SEZ unit/Developer) and casual taxpayers will be able to access IMS functionality.

10

What are the actions that I can take on an IMS ?

Below actions are allowed to take in IMS:

  1. Accept
  2. Reject
  3. Pending

Note: By default all the records will flow into “No Action” category and records with “No Action” will be deemed accepted at the time of GSTR-2B generation.

11

Are there any invoices/records where pending action is not allowed in IMS?

Yes, for the following 4 scnearios, pending action would not be available : -

  1. Original Credit note rejected by the recipient
  2. Upward amendment of the credit note rejected by the recipient irrespective of the action taken by recipient on the original credit note
  3. Downward amendment of the credit note rejected by the recipient if original credit note was rejected by him,
  4. Downward amendment of Invoice/ Debit note rejected by the recipient where original Invoice/ Debit note was accepted by him and respective GSTR 3B has also been filed

12

Can I take actions multiple time on a document?

Yes, action can be taken multiple times on an invoice/record before filling of GSTR 3B. In case of multiple actions on a record, latest action will overwrite the previous action. However, the action taken will be frozen at the time of filing the corresponding GSTR-3B by the recipient.

13

What happens to the original record if the same record is amended by the supplier?

If original and amended record belongs to 2 different GSTR 2B return period, then it is mandatory to take action on original record and file the respective GSTR 3B before taking action on amended record (amended through GSTR-1/1A/IFF). In case if recipient take the action on amended record first then system will not allow to save the action in IMS.

In case both the original records and amended records belong to same period GSTR-2B, the action taken on amended records will prevail over the action taken on original record.

14

What will happen to documents on which taxpayers has taken an action on IMS?

The documents will be treated in following manner based on different kind of action:

  1. Accept –Accepted records will become part of ‘ITC Available’ section of respective GSTR 2B. ITC of accepted records will auto-populate in GSTR 3B.
  2. Reject –Rejected records will become part of ‘ITC Rejected’ section of respective GSTR 2B. ITC of rejected records will not auto-populate in GSTR 3B.
  3. Pending –Pending records will not become part of GSTR 2B and GSTR 3B. Such records will remain on IMS dashboard till the time same is accepted or rejected or till the time timeline prescribed in Section 16(4) of CGST Act.
  4. No Action - records with “No Action” status will be deemed accepted at the time of GSTR-2B generation.

15

Which documents will be considered for GSTR-2B generation?

All the filed and accepted (no action will be treated as deemed accepted) or rejected records will be considered for GSTR-2B generation as per the cut-off dated of GSTR-2B. Saved records unless filed will be considered as “no action” committed and thus will flow as the status of the record that existed before saving for GSTR-2B generation.

16

What If I have taken an action on a document in saved status but the same is edited/changed by the supplier before filing his GSTR-1?

In case a saved record is edited before filing of GSTR-1 by the supplier, the amended record will replace the saved document in IMS and the action taken on such record by the recipient will be reset. Thus, the edited record will be available for recipient for fresh action in IMS.

Similarly, if a document is deleted before filing of GSTR-1/1A/IFF by supplier then such document will be removed from IMS also.

17

Will Reverse Charge document received from registered suppliers also form part of IMS ?

No, RCM invoices are not part of IMS but will continue

to be part of GSTR-2B as it is being reflected today.

18

As a taxpayer what all will I be able to view on the IMS?

The IMS has two different view:

  1. Recipient view :

As a recipient, a taxpayer will have an “inward supply” view to see all the specified documents which are saved or filed by your respective supplier. These documents will be available for actions by the recipient.

  1. Supplier view:

As a supplier, a taxpayer will have an “Outward supply” view to see actions taken on all the specified documents by their respective recipient.

*It will be made available shortly.

19

What happens if recipient reject a record?

 

1. If the recipient rejects the record before filling of GSTR 1 by supplier, then the invoice/record can be edited and supplier can file the GSTR 1 with same detail. This edited record will be made available in the IMS for action by the recipient.

2. If the recipient rejects after filling of GSTR 1 by supplier, then the supplier needs to amend/add the invoice/record in GSTR-1A or in subsequent GSTR 1/ IFF with same detail. Amended record will be made available in the IMS for action by the recipient.

20

What will happen to the documents in IMS on filing of GSTR 3B by recipient?

All the accepted/rejected records belonging to a particular GSTR-2B period will be removed from IMS on filing of GSTR-3B for that particular period.

21

What will happen to the documents kept pending in IMS?

Pending records will continue to be in IMS till the time of cut-off date as per section 16(4) of CGST Act, 2017.

Once  records  crossed  the  timeline  prescribed  in section 16(4) of CGST Act, it will be removed from IMS.

22

Can I download all the data available in IMS?

Yes, excel download facility is available to download the IMS data .

23

What is draft GSTR 2B?

GSTR-2B will continue to be generated on 14th of every month with the same logic as current GSTR-2B which will now be considered as draft GSTR 2B. This draft will consist of all the accepted / deemed accepted records and rejected records. Here, rejected records are for view only and will not flow in GSTR-3B.

24

Can I take any action after generation of draft GSTR 2B?

Yes, the recipient will be allowed to take an action on any record available in draft GSTR 2B also, till the filing of GSTR-3B. In such cases, at the time of filling GSTR-3B recipient will require to recompute his GSTR 2B to have impact of actions taken after 14th in his GSTR-3B.

25

Is there any scenario where draft GSTR 2B will not be generated by system on 14th of subsequent month?

Yes, In case the previous period GSTR 3B is not filed by the taxpayer then the system will not generate their draft GSTR 2B on 14th of the subsequent month.

However, the taxpayer can generate their GSTR 2B from the IMS dashboard after filing their previous GSTR 3B.

26

How many times can I regenerate GSTR 2B?

Before filling of GSTR 3B, there is no restriction on number of times such GSTR-2B can be recomputed/regenerated.

27

What  about  GSTR-2B  for quarterly taxpayers?

For quarterly taxpayers, GSTR-2B will not be generated for the months M1 and M2 of the quarter. However, GSTR-2BQ for the quarter (M1, M2 and M3 combined) will be generated on 14th of Q+1 month and re-computation of 2B will be allowed on or after 14th of Q+1 month till filing of corresponding GSTR-3B. The same logic as is there for monthly GSTR-2B / 3B will be applicable.

28

What will happen to GSTR- 2A?

GSTR-2A shall continue to be generated as it is.

29

Is it mandatory to re- compute GSTR 2B?

If there is any change made by recipient on IMS dashboard after draft GSTR 2B generation by system, it is mandatory to re-compute GSTR 2B

30

How to take an action on records available on IMS dashboard

  1. Action on Individual record: To take action on individual record, recipient can select the action by clicking on the radio button available at line-item level and then click on save button to save the action taken.
  1. Action on multiple records: To take action on multiple records in one go, recipient can select multiple records or all the records through check- box option available on screen. After selecting multiple records, system will enable main action buttons on heading of action radio buttons with count of selected records. Through these action buttons recipient can take action on multiple records in one go.

Note: On all the multiple selected records, only one type of action can be taken.

31

What will happen if the recipient rejects the Tax Invoice or Debit Note for the supplies of FY 23-24 which was eligible for GSTR 2B of Oct’24, given the deadline to avail the ITC by 30th November?

Taxpayer are advised to reconcile their records before filling of their GSTR 1 for October 2024 tax period for which due date is 11th November 2024.

The Taxpayer can accept/reject the record on IMS after due verification. The ITC for the rejected record will not flow to GSTR 2B for Oct’24.

However, recipient can change the action from rejected to accepted in IMS and recompute GSTR 2B at the time of filing gstr 3B and take corresponding ITC in the GSTR 3B for Oct’24.

32

Can a supplier amend FCM invoice to RCM invoice and what will the impact on the ITC?

Yes, the supplier can amend an Invoice from FCM to RCM subject to the time limit as per GST law.

The system shall reduce the ITC of the amended FCM Invoice in case the said invoice was accepted by the recipient.

Further, the RCM invoice shall flow to GSTR 2B of the recipient.

33

Can the place of supply be changed by the supplier in the GSTR 1 and what will be the impact on the ITC?

Yes, place of supply can be changed by the supplier in the GSTR 1 subject to the time limit given in the GST law.

Further if the ITC become ineligible due to change in place of supply, then recipient should reverse the ITC in the Table 4B1.

34

What will happen if the recipient rejects the original Credit Note or upward amended Credit Note?

If the recipient rejects the Credit note and furnished the GSTR 3B then the corresponding liability will be added to the supplier liability in the GSTR 3B of subsequent tax period.

 

Annexure-A: Impact on ITC and on liability of supplier under different scenerios

Other than Reverse Charge Records

Record Type

Action taken on IMS and impact on R2B ITC credit

Supplier 3B Liability

Action on Original Record

ITC Amount

Action on Amendment Record

ITC Amount

Liability of the Record

Incr laibility on action taken

B2B/DN/ ECO [9/5]

Invoice

Accept

+ Full Amount

 

 

+ Full Amount

Nil

Reject

Nil

Pending

Nil

B2BA/DN

Upward

Accept

+ Full Amount

Accept

+ Delta

+ Delta

Nil

Reject

Nil

Pending

Reject

Nil

Accept

+ Full Amount

+ Delta

Nil

Reject

Nil

Pending

Pending

Nil

Accept

+ Full Amount

+ Delta

Nil

Reject

Nil

Pending

B2BA/DNA

Downward

Accept

+ Full Amount

Accept

- Delta

- Delta

Nil

Reject

Nil

+ Delta

Pending

Not Allowed

NA

Reject

Nil

Accept

+ Full Amount

- Delta

Nil

Reject

Nil

Pending

Pending

Nil

Accept

+ Full Amount

- Delta

Nil

Reject

Nil

Pending

CN

Accept

- Full Amount

 

- Full Amount

Nil

Reject

Nil

+ Full Amount

Pending

Not Allowed

 

 

CNA

Upward

Accept

- Full Amount

Accept

- Delta

- Delta

Nil

Reject

Nil

+ Delta

Pending

NA

NA

Reject

Nil

Accept

- Full Amount

- Full Amount

Nil

Reject

Nil

+ Full Amount

Pending

NA

NA

Pending

Not Allowed

Not Allowed

CNA

Downward

Accept

- Full Amount

Accept

+ Delta

+ Delta

Nil

Reject

Nil

Pending

Nil

Reject

Nil

Accept

- Full Amount

 

Nil

 

 

Pending

NA

Not Allowed

Pending

Not Allowed

Not Allowed

 

RCM to Forward charge

RCM to FCM -

Inv/DN

 

 

Accept

+ Full Amount

+ Full Amount

Nil

Reject

Nil

Pending

Nil

RCM to FCM - CN

 

 

Accept

- Full Amount

- Full Amount

Nil

Reject

Nil

+ Full Amount

Pending

Not allowed

Not Allowed

FCM to RCM -

Inv/DN

Accept

+ Full Amount

 

 

 

3.1d & 4A(3)

- Full Amount

- Full Amount

 

Reject

Nil

 

Pending

Nil

 

FCM CN to RCM CN

Accept

- Full Amount

+ Full Amount

+ Full Amount

 

Reject

Nil

 

Pending

Not Allowed

 

 Note: “Delta” indicates the change in value.

*The scenarios outlined in the table regarding liability and the associated availability of Input Tax Credit (ITC) have been meticulously prepared to ensure precision and clarity. However, this information is intended solely for advisory and informational purposes. The same should not be construed as a statement of law or used for any legal purposes or any litigation as a legal and binding advice from the GST department/GSTN. GSTN hereby expressly disowns and repudiates any claim or liabilities in relation to accuracy, completeness, usefulness of any information available through the above table or FAQs and against any intended purposes by use thereof , by the taxpayer directly or indirectly. Taxpayer is advised to refer Act, Rules or regulation made thereunder in case of any confusion or contradiction, if any.

*******

Thanking You

Team GSTN

Topics

Acts Income Tax