Advisory 547 on Invoice Management System (IMS): Ensuring Accurate ITC and Liability in GSTR-3B during initial phase of Its implementation
Taxpayers can update the action taken on the Invoice Management System (IMS) (e.g., changing an invoice from “rejected” to “accepted” or vice versa) and recompute GSTR-2B anytime before filing GSTR-3B Starting October 2024, the GST Portal introduced the Invoice Management …