Goods and Services Tax Network (“GSTN”) in its recent update has issued a detailed draft manual on Invoice Management System (IMS) in continuance to the introduction of IMS.
Commencing from 14.10.2024 taxpayers can avail new functionality for matching their records/invoices issued by their suppliers for availing the correct Input Tax Credit (ITC). It is not mandatory for taxpayers to accept or reject invoices in IMS dashboard for GSTR-2B 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.
Step wise procedure for availing the above functionality is mentioned in the user manual attached herewith for ease of reference.
Source: Goods and Services Tax Network (GSTN)
