“This will also facilitate taxpayer in matching of their records/ invoices vis-a-vis issued by their suppliers for availing the correct ITC,” GSTN said.
IMS will allow the recipient taxpayers to either accept or reject an invoice or to keep it pending in the system, which can be availed later.
This facility shall be available to the taxpayer from October 1 onwards on the GST portal.
Moore Singhi Executive Director Rajat Mohan said by maintaining a detailed record of all actions taken on each invoice, the IMS creates a robust audit trail that is invaluable during GST audits. This feature provides tax authorities with clear evidence of the recipient’s due diligence in managing ITC claims, potentially simplifying the scrutiny process.