https://www.taxtmi.com/news?id=27847 The Invoice Management System (IMS) enables recipients to accept, reject or keep supplier invoices pending on the GST portal; invoices not acted upon are deemed accepted and included in GSTR 2B as eligible ITC. Supplier saved outward supplies populate the recipient's IMS dashboard and amended invoices replace originals. Draft GSTR 2B is generated based on supplier filings and recipient actions, requires recomputation if actions change after draft generation, and finalization is constrained by filing of GSTR 3B. Rejected records are excluded from GSTR 2B and can affect supplier liability in a subsequent period. en-us Tue, 03 Sep 2024 12:43:33 +0530 Tue, 03 Sep 2024 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27847 The Invoice Management System (IMS) enables recipients to accept, reject or keep supplier invoices pending on the GST portal; invoices not acted upon are deemed accepted and included in GSTR 2B as eligible ITC. Supplier saved outward supplies populate the recipient's IMS dashboard and amended invoices replace originals. Draft GSTR 2B is generated based on supplier filings and recipient actions, requires recomputation if actions change after draft generation, and finalization is constrained by filing of GSTR 3B. Rejected records are excluded from GSTR 2B and can affect supplier liability in a subsequent period. News - Tue, 03 Sep 2024 12:43:33 +0530 https://www.taxtmi.com/news?id=27847