New Functionality of Suppliers View of their Invoices Accepted, Rejected or Hold by Recipients under IMS: GSTN Advisory 548

As an added convenience for taxpayers under Invoice Management System (IMS), a Suppliers View functionality is now available on the GST Portal.

Suppliers View under IMS: The Invoice Management System (IMS) has been launched on the GST Portal, effective from October 14, 2024. IMS enables recipient taxpayers to manage their invoices directly, allowing them to accept, reject, or hold pending invoices saved or filed by their suppliers in GSTR-1/1A/IFF. This feature improves transparency and accuracy in input tax credit (ITC) management, aiding compliance and accuracy for GST return filing.

Also Read: Advisory 547 on Invoice Management System (IMS): Ensuring Accurate ITC and Liability in GSTR-3B during initial phase of Its implementation

Key Update: Supplier View in IMS

As an added convenience, a Suppliers View functionality is now available on the GST Portal. Suppliers can now see the status of their invoices as processed by recipients, including actions such as acceptance or rejection. This transparency by help of suppliers view option is designed to reduce errors, helping suppliers stay informed of any decisions made by recipients on their outward supplies.

Also Read: Karnataka High Court Rejects Ex-Parte Order Due to GST Department’s failure to Notify Personal Hearing Dates via email, Despite a Clear Request

Important Details on IMS Invoice Actions

There are certain records that will not be available for action by recipients within IMS. These records are available for suppliers view, marked with a “No Action Taken” status:

1. Invoices ineligible for ITC due to either Place of Supply (POS) rules or Section 16(4) of the CGST Act.
2. Reverse Charge Mechanism (RCM) Supplies, where tax liability rests on the recipient.

Recomputing GSTR-2B Based on IMS Actions

Actions taken by the recipient taxpayer can be modified up until the GSTR-3B filing date for the relevant tax period. If any changes are made to actions after the GSTR-2B generation, the recipient taxpayer must select the “GSTR-2B Recompute” button to update GSTR-2B based on these latest actions.

Also Read: GST Waiver Scheme Under Section 128A for FY 2017-18 to 2019-20: How to Avail Relief on Interest & Penalties

IMS Advantages for Taxpayers

This robust system within the GST Portal is designed to streamline tax management, providing transparency for both suppliers and recipients. It is aimed at reducing errors and facilitating smoother ITC claims and compliance, helping businesses avoid common tax management pitfalls.

For further details on utilizing IMS or the Supplier View, taxpayers are encouraged to review the latest updates and instructions provided in GSTN Advisory 548 on the GST Portal.

Access the Advisory 548 in GST portal

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