A Draft Manual on Invoice Management System (IMS) was released on the GST portal on September 17, 2024. As earlier informed, IMS empowers the taxpayers to seamlessly accept, reject, or keep invoices pending in the system to avail later as and when required, streamlining the reconciliation process, and ensuring greater accuracy and efficiency in GST compliance.

This facility shall be available to the taxpayer from 14th October onwards on the GST portal. It may be noted that it is not mandatory to accept or reject invoices in the IMS dashboard for GSTR2B generation. If a taxpayer chooses not to take any action on the received invoices then its GSTR-2B would be generated on 14th of the month as being generated today. The invoices where no action would be taken by the recipient would be treated as accepted by the system and a draft GSTR-2B shall be generated including only accepted or ‘no action taken’ invoices. However, the recipient taxpayers are allowed to take action or change the action already taken on accepted invoices till the filing of Form GSTR-3B of the month.

The Draft Manual further provides the Stakeholders with a detailed step wise procedure with screenshots from the GST common portal for using the IMS facility.