Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>GST Portal Launches Invoice Management System for Recipients to Manage Supplier Invoices; Impacts GSTR-2B Generation.</h1> The Goods and Services Tax (GST) Portal has introduced an Invoice Management System (IMS) for recipient taxpayers to manage invoices from their suppliers, effective October 14, 2024. This system allows recipients to accept, reject, or keep invoices pending, impacting the generation of GSTR-2B from November 14, 2024. Suppliers can now view recipient actions on their invoices through the Supplier View, reducing incorrect actions. Certain invoices, such as those not eligible for Input Tax Credit (ITC) or subject to Reverse Charge Mechanism (RCM), are excluded from recipient actions. Recipients can modify actions until filing GSTR-3B, with a re-compute option for GSTR-2B if changes occur.