Invoice Management System (IMS) under GST: Key Dates and Timeline Explained
The Invoice Management System (IMS) under GST is a functionality launched on the GST portal by the Goods and Services Tax Network ( GSTN ), effective 1 October 2024. The IMS aims to create a communication channel between the recipients and suppliers by implementing an additional layer of document reconciliation and verification. Another objective of the IMS is to simplify the pro…