What is Invoice Management System (IMS) under GST
The Invoice Management System (IMS) is a new functionality introduced on the GST portal to help taxpayers manage invoices and input tax credit (ITC) more efficiently. Launched on 14th October 2024, IMS allows recipients to accept, reject, or mark invoices as pending, directly impacting their GSTR-2B and ITC claims. This blog by Indian Tax Planning (ITP) explains how IMS works, its features, benefits, and step-by-step usage.
