GST Portal Introduces Invoice Management System with Supplier View for Efficient Invoicing Process

The Invoice Management System (IMS), featuring a supplier view, is now available on the Goods and Services Tax (GST) Portal to streamline and expedite the invoicing process between suppliers and recipients. Through IMS, recipient taxpayers can view invoices submitted by their suppliers from October 14, 2024, based on reports available in GSTR-1, GSTR-1A, or the Invoice Furnishing Facility (IFF). Recipients are able to accept, reject, or keep invoices pending, which enhances accuracy in tax accounts and promotes transparency while minimizing the chance of errors.

For the October 2024 period, the first GSTR-2B statement, reflecting actions taken within IMS, will be generated on November 14, 2024. Actions made by recipient taxpayers within IMS will impact their GSTR-2B summary directly, enabling them to review their available Input Tax Credit (ITC) based on accepted invoices.

The GST Portal also now includes a “Supplier View” feature in IMS, allowing suppliers to monitor the status of their submitted invoices. This feature supports smoother transactions, displaying the actions taken by recipients on each invoice, so suppliers can track any rejections or pending statuses and address any issues promptly to avoid misunderstandings or errors.

Certain records, however, cannot be actioned by recipients in IMS. These include:

• Documents where ITC is ineligible due to the Place of Supply (POS) rule or Section 16(4) of the CGST Act
• Records subject to the Reverse Charge Mechanism (RCM)

In these cases, the system will automatically mark such records as “No Action Taken” in the supplier view, clearly identifying ineligible documents without requiring recipient action.

Additionally, actions taken by the recipient on records in IMS can be modified up until the GSTR-3B return for that period is filed. If changes occur after the initial GSTR-2B generation, the recipient can select “GSTR-2B Recompute” to update their GSTR-2B summary to reflect the new actions.

This dual-view system enables both recipient and supplier taxpayers to maintain enhanced control over invoices, improving GST returns and reducing errors.

This corrected version should align well with the original article and provide a clear, accurate explanation of the IMS system on the GST Portal.