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Invoice Management System IMS working on GST Portal 4 дня назад


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Invoice Management System IMS working on GST Portal

In a significant leap forward in the Goods and Services Tax (GST) ecosystem, the GST Common Portal has unveiled a groundbreaking new facility, the Invoice Management System (IMS), revolutionizing the way recipient taxpayers interact with invoices. This innovative feature empowers taxpayers to seamlessly accept, reject, or keep invoices pending in the system to avail later as and when required, streamlining the reconciliation process, and ensuring greater accuracy and efficiency in GST compliance. The new system shall facilitate taxpayers in matching their records/invoices vis a vis issued by their suppliers for availing the correct Input Tax Credit (ITC). As a major enhancement in the indirect taxes landscape, this facility is set to transform the way businesses manage their GST obligations, reducing errors, and saving time and resources. With this cutting-edge functionality, the GST Common Portal continues to set new benchmarks in taxpayer convenience and experience. This facility shall be available to the taxpayer from 14th October onwards on the GST portal. It may be noted that it is not mandatory to accept or reject invoices in IMS dashboard for GSTR 2B generation. If a taxpayer chooses not to take any action on the received invoices then its GSTR-2B would be generated on 14th of the month as being generated today. The invoices where no action would be taken by the recipient would be treated as accepted by the system and a draft GSTR-2B shall be generated including only accepted or ‘no action taken’ invoices. However, the recipient taxpayers are allowed to take action or change the action already taken on accepted invoices till the filing of Form GSTR-3B of the month. Invoice Management System IMS working on GST Portal. 👨🏻‍🎓Practical Courses- 👉🏻ITR, GST & TDS (Tax Combo) - https://fintaxpro.in/Combo 👉🏻Account Finalization - https://fintaxpro.in/Accounting 👉🏻ROC eFiling - https://fintaxpro.in/courses/roc/ 👉🏻Trademark e Filing Course - https://fintaxpro.in/TM 👉🏻Taxation for Share Market - https://fintaxpro.in/share 👉🏻GST Course - https://fintaxpro.in/GST 👉🏻ITR & TDS Course - https://fintaxpro.in/ITR 👉🏻Excel Course - https://fintaxpro.in/Excel 👉🏻Taxation for Online Sellers - https://fintaxpro.in/online 👉🏻Balance Sheet & PnL Finalization - https://fintaxpro.in/BstPnL 👉🏻All in one Combo Course - https://fintaxpro.in/All 📞7827521794 (For Course queries only) 📞For GST Filing, ITR Filing, Trademark Filing, Trademark Reply, Company Incorporation, ROC Compliance, DSC, Project report, MSME Certificate and other related services call us at 9718097735 or 7048930220 📍Buy DSC - https://fintaxpro.in/dsc/ 📍Utilities 👉Buy GST computation https://imojo.in/jy67ZG 👉Buy TDS Calculator https://imojo.in/5Jv0gj 👉Buy amazon profit calculator https://imojo.in/1FkCqbs 👨🏻‍🎓For Magazine - https://fintaxpro.in/newsletter/ 📩[email protected] Telegram channel - https://t.me/fintaxpro Whats app channel - https://whatsapp.com/channel/0029VaB4... FinTaxPro Mobile App - http://bit.ly/3WJ63tX FinTaxPro Social Handles- https://linktr.ee/fintaxpro FinTaxPro Studio Gear - https://linktr.ee/fintaxpro_gear FinTaxPro Live -    / @fintaxprolive   Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of YouTube videos. Copyright Disclosure - As per Sec 52 of The Copyright Act,1957 Fintaxpro Advisory LLP shared this video with a clear objective to educate the public at large and thus constitute the fair dealing with content for the purpose of reporting of current events and current affairs, including the reporting of a lecture delivered in public ©️Fintaxpro Advisory LLP Video Timeline 0:00 Intro to IMS 0:25 FinTaxPro Practical Courses 0:35 Brief of IMS 1:34 Tables in IMS 5:32 Inward supplies in IMS 9:20 Impact of IMS on GSTR 2B 10:58 Outward supplies in IMS 14:34 Outro

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