Invoice Management Facility (IMS) FAQ

By speqtagst / January 6, 2025

Invoice Management System (IMS) Simple Analysis

Nitin Singh – 9120777007
Himanshu Singh – 9125777007

Invoice Management System (IMS) Simple Analysis

1️⃣ Launch Date	IMS was implemented from 1st October.
2️⃣ Removal of Records	After filing GSTR-3B, all accepted/rejected records for that period will be removed from IMS. Pending records and invoices for future tax periods remain in IMS.
3️⃣ Document Availability	📤 Supplier saves documents in GSTR-1/1A/IFF, making them visible to the recipient in IMS for actions.
4️⃣ Default Flow	All records flow into “No Action” by default. Records with “No Action” are deemed accepted during GSTR-2B generation.
🛠 Actions on Records	Actions can be modified multiple times before filing GSTR-3B. The latest action overwrites previous ones.
🔑 Additional Notes	🚫 RCM invoices: Not part of IMS but continue to appear in GSTR-2B as usual. 📊 Excel Download: IMS data can be downloaded in Excel format. 🔄 Re-computation: Changes on IMS post draft GSTR-2B require mandatory re-computation. Actions before GSTR-2B auto-populate in GSTR-3B; actions after require manual Compute GSTR-2B.
🕑 Specific Cases	🗓️ Quarterly Taxpayers: No GSTR-2B for months M1 and M2. ⏳ Non-filing of GSTR-3B: Draft GSTR-2B not generated for the next month. 🔄 GSTR-2A: Continues to be generated as before.
🌟 Meaning of Actions	✅ Accept: Transactions belong to your business. ❌ Reject: Transactions don’t belong to you (not for unclaimed ITC like bank charges). 🕒 Pending: Transactions belong to you but ITC is currently ineligible due to GST provisions. No Action: In case No Action Taken, “No Action” those records are deemed accepted during GSTR-2B generation.
🚀 Simplified Workflow	Save records → Appear in IMS. Take action (Accept/Reject/Pending) before GSTR-3B. Generate GSTR-2B → Auto-populate based on actions. Re-compute if changes made after draft GSTR-2B.

Leave a Comment Cancel Reply

CA Nitin Singh

CA Himanshu Singh