GSTN launches new IMS Feature in GST Portal enabling Easy Invoice Corrections and Accurate ITC claims

The Goods and Services Tax Network (GSTN) has launched a new Invoice Management System (IMS) feature on the GST portal, effective from October 1st, 2024. This new feature is designed to facilitate easier invoice corrections and ensure accurate Input Tax Credit (ITC) claims. The IMS will allow taxpayers to correct errors in their invoices directly through the portal, improving the accuracy of ITC claims and reducing the chances of discrepancies. This update is part of ongoing efforts to enhance the efficiency and user-friendliness of the GST portal, aiming to make compliance easier for taxpayers.