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of <h1>New Invoice Management System on GST Portal Affects GSTR-2B and GSTR-3B; Verify Details for Accurate Tax Filing.</h1> The Invoice Management System (IMS) was introduced in October 2024 as an optional feature on the GST Portal, allowing recipients to manage invoices by accepting, rejecting, or pending them. Actions taken on IMS influence the GSTR-2B generation on the 14th of the following month. Errors in IMS actions can affect the auto-populated input tax credit (ITC) and liabilities in GSTR-3B. Taxpayers are advised to verify and edit any incorrect details before filing GSTR-3B to ensure accurate ITC and tax liabilities. Adjustments can be made on IMS until GSTR-3B filing to correct any mistakes.
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