1: Which invoices are visible on the IMS dashboard since October 14, 2024?
IMS is launched from the GSTR-2B return period of Oct'24. Hence, all the records eligible for GSTR2B of the Oct'24 return period onwards will be made available on the IMS dashboard. All the invoices that are part of GSTR2B of Sep'24 or older return periods will not be reflecting in IMS.
2: Which is the first GSTR2B prepared using actions taken on IMS?
The first draft GSTR-2B on the basis of actions taken on invoices/records in the Invoice Management System dashboard would be generated and made available to all the taxpayers on November 14, 2024, for the return period Oct'24.
3: Can taxpayer take action after 14th November 2024 and regenerate GSTR-2B of Oct'24 return period?
Taxpayers can take action on the invoices/records in their IMS dashboard and recompute their GSTR-2B of Oct 24 return period even after 14th November 2024 till the time the taxpayer files his GSTR-3B.
4: Is it mandatory to act on IMS? What happens if no action is taken?
It is not mandatory to act on records in IMS dashboard for GSTR2B generation. The records where no action is
taken by the recipient would be treated as accepted by the system and a GSTR-2B would be generated as it is
generated presently.
5: When should an invoice/debit note be rejected?
Rejection of an invoice or debit note should be done very carefully, as rejection will result in no ITC for the recipient.
A record may be rejected if it does not pertain to the recipient or the detail of the record is erroneous to such
an extent that CN and DN cannot handle the situation.
6: In light of the time limit to avail ITC being till 30th November for FY 2023-24 or furnishing of annual return whichever is earlier, how can the ITC of an erroneously rejected invoice in IMS be taken by the recipient in FY 2023-24?
In case the recipient taxpayer erroneously rejects an invoice in IMS, then the same invoice can be accepted in
IMS again before filing of GSTR-3B.
After accepting the said invoice, the recipient taxpayer should compute the updated GSTR-2B for availing the
credit in GSTR 3B for the FY 2023-24.
7: How can recipient accept a genuine credit note issued by supplier in IMS as it will result further reduction of the recipient ITC, however recipient had reversed ITC corresponding to invoice itself because of 17(5), Rule 42, 38, 43 etc., or not availed the ITC at all because of POS or 16(4) etc., ineligibility?
In such cases recipient can accept the said credit note in IMS. As recipient had already reversed the ITC, there is
no need for reversal of ITC again in case of such credit note.
8: What action shall be available on upward amended invoice/debit notes where the upward amended invoice/debit notes is saved by the supplier and the same is not filed?
The recipient will not be able to take action on an upward amended invoice/debit note if the said amended record has only been saved by the supplier in GSTR-1/GSTR-1A/IFF but the same record has not been filed.
The recipient will be able to take action once the supplier files such a record.
9: What to do in case the wrong invoice is corrected by the issuance of a credit note by the supplier instead of amending the same and such a credit note has been rejected by the recipient?
In the absence of linkage of the credit note with the corresponding invoices, the system cannot understand whether the original invoice for this credit note was accepted or rejected.
Therefore, if the invoice is not correct, then it is advisable to rectify the mistake through amendment of invoices in the GSTR 1 instead of issuance of a credit note.
10: Can the credit note be kept as pending in IMS? If not, then why?
A credit note cannot be kept pending in the IMS by the recipient as the supplier has reduced its outward tax liability at the time of the issuance of the credit note. IMS does not change the existing flow where the documents/records reported by the supplier in the GSTR 1 are accepted and the corresponding impact is reflected in GSTR 2B. Now, because of IMS, an additional option has been provided to the recipient to reject the credit note if it does not belong to him.
11: Whether liability can be added to the same GSTR 3B in case a credit note has been rejected by the recipient before filing the GSTR 3B with the supplier?
No, if a credit note is rejected by the recipient, the liability of the supplier is increased on the portal to that extent in the GSTR 3B of the subsequent tax period and not in the GSTR 3B of the same tax period.
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