https://www.taxtmi.com/news?id=28030 The Invoice Management System surfaces eligible supplier records from its launch period onward on a dashboard where recipients may accept, reject, or pend invoices; recipient actions feed a draft GSTR-2B which may be recomputed until filing of GSTR-3B. Untouched records are treated as accepted. Rejection causes loss of Input Tax Credit and should be used only for records not pertaining to the recipient or that are irredeemably erroneous; erroneous rejections can be reversed in IMS before GSTR-3B filing. Credit notes cannot be kept pending; acceptance does not require additional reversal where credit was previously reversed, and amended records saved but not filed by suppliers remain non-actionable until filed. en-us Fri, 18 Oct 2024 10:03:49 +0530 Fri, 18 Oct 2024 10:03:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=28030 The Invoice Management System surfaces eligible supplier records from its launch period onward on a dashboard where recipients may accept, reject, or pend invoices; recipient actions feed a draft GSTR-2B which may be recomputed until filing of GSTR-3B. Untouched records are treated as accepted. Rejection causes loss of Input Tax Credit and should be used only for records not pertaining to the recipient or that are irredeemably erroneous; erroneous rejections can be reversed in IMS before GSTR-3B filing. Credit notes cannot be kept pending; acceptance does not require additional reversal where credit was previously reversed, and amended records saved but not filed by suppliers remain non-actionable until filed. News - Fri, 18 Oct 2024 10:03:49 +0530 https://www.taxtmi.com/news?id=28030