Invoice Management System enables pre filing invoice actions, altering GSTR 2B composition and increasing reconciliation obligations for taxpayers.
The Invoice Management System (IMS) allows recipients to take "accept", "pending" or "reject" actions on supplier invoices, debit notes and credit notes before supplier filing. Entries are frozen once suppliers file GSTR 1; a recomputed GSTR 2B will include only accepted and no action items, excluding rejected and pending records. Taxpayers can alter IMS entries until filing their GSTR 3B, but supplier amendments prior to filing reset IMS entries, requiring renewed recipient action. (AI Summary)