https://www.taxtmi.com/news?id=27921 IMS allows recipients to accept, reject, or mark supplier filed invoices pending. Accepted and deemed accepted records populate the ITC Available section of draft GSTR 2B and auto populate ITC in GSTR 3B; rejected records appear in ITC Rejected and do not auto populate. Pending records are excluded from GSTR 2B/GSTR 3B until acted upon or until they pass the statutory ITC cut off. Amendments, deletions or cross period original/amendment interactions affect availability and reset recipient actions. Draft GSTR 2B is generated monthly and must be recomputed if IMS actions are taken after draft generation prior to filing GSTR 3B. en-us Mon, 23 Sep 2024 19:07:58 +0530 Tue, 24 Sep 2024 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27921 IMS allows recipients to accept, reject, or mark supplier filed invoices pending. Accepted and deemed accepted records populate the ITC Available section of draft GSTR 2B and auto populate ITC in GSTR 3B; rejected records appear in ITC Rejected and do not auto populate. Pending records are excluded from GSTR 2B/GSTR 3B until acted upon or until they pass the statutory ITC cut off. Amendments, deletions or cross period original/amendment interactions affect availability and reset recipient actions. Draft GSTR 2B is generated monthly and must be recomputed if IMS actions are taken after draft generation prior to filing GSTR 3B. News - Mon, 23 Sep 2024 19:07:58 +0530 https://www.taxtmi.com/news?id=27921