The Invoice Management System (IMS), launched by GSTN from October 1, 2024, is a new functionality on the GST portal allowing recipients to accept, reject, or keep pending invoices/credit notes filed by suppliers. It ensures only accepted invoices populate GSTR-2B for accurate Input Tax Credit (ITC).
The Invoice Management System (IMS) was introduced on the GST portal from the October 2024 tax period. It enables recipient taxpayers to accept, reject, or keep pending individual records uploaded by suppliers through GSTR-1/1A/IFF.
However the authorities may argue that Finance Act, 2025 + notifications+ portal readyness is sufficient to place IMS mandatory from 01/10/2025. An element of risk is involved, if it is not followed, despite Rule 60 is yet to be amended.
A significant compliance enhancement introduced from 1st October 2025 is the requirement to report TDS details invoice-wise in GSTR-7. Earlier, deductors could report consolidated TDS data, but now each transaction must be linked to the specific invoice on which tax is deducted.
The Invoice Management System (IMS) was first introduced on the GST portal in October 2024. It allows recipient taxpayers to accept, reject, or keep pending invoices uploaded by their suppliers through GSTR-1, GSTR-1A, and IFF.
Intramuscular Stimulation (IMS), also known as “Dry Needling”, is a medical technique used to reduce muscle pain. It works by increasing blood flow, and pain-relieving hormone release, to the affected area. IMS is an effective and low risk treatment option, shown to relieve pain quickly!
How much will I receive in October 2025? It depends on your 2024 adjusted family net income, marital status, and number of children. Maximum amounts are $533 (singles), $698 (couples), and $184 per child.
Under the new enhancement, taxpayers can now mark Credit Notes as 'Pending' for one tax period within the IMS. This feature allows taxpayers additional time to review, reconcile, and validate the Credit Notes before taking action on them in the subsequent tax period.
For any standard-rated supplies of goods or services that you make on or after 1 Jan 2024, you must charge GST at 9%. For instance, if you issue an invoice and receive payments for your supply on or after 1 Jan 2024, you must account for GST at 9%.
The updated IMS enhances how taxpayers declare and reverse ITC. Businesses can now specify the exact ITC amount for each document and reverse only the relevant portion when needed. If no ITC has been claimed, no reversal is required. This ensures accurate ITC management, cleaner books, and fewer excess reversals.
Effective October 2025 period onwards, a new section for "Import of Goods" has been introduced in IMS wherein the Bill of Entry (BoE) filed by the taxpayer for import of goods including import from SEZ, will be made available in the IMS for taking allowed action on individual BoE.
Types of GST in India
CGST (Central Goods and Services Tax) SGST (State Goods and Services. IGST (Integrated Goods and Services Tax) UTGST (Union Territory Goods and Services Tax)
For salaried individuals, the ₹75,000 standard deduction further boosts the effective tax-free limit – if your salary is ₹12.75 lakh, after the standard deduction your taxable income is ₹12 lakh, meaning you also pay zero tax.
The IMS dashboard allows users to manage and act on invoices, ensuring accurate GST filings and compliance through the GST portal. Is the Invoice Management System mandatory or optional? Currently, IMS is optional. However, using it helps prevent compliance issues and prepares businesses for potential future mandates.
Understanding the New GST Credit Note Rules
The Indian government has introduced stricter GST regulations regarding credit notes to curb potential revenue leakage. Effective from April 1, 2025, suppliers must now ensure that recipients reverse the Input Tax Credit (ITC) before they can adjust their GST liability.
If a valid Credit Note is rejected by the recipient in IMS, the system assumes the Credit Note was never issued. So, the supplier's liability goes up.
For the July 2025–June 2026 benefit year, the maximum annual GST amounts are: $533 – Single individual. $698 – Married or common-law couples. $184 – Per eligible child under 19.
GST Reforms 2025: Key Changes in GST Rates Across Categories
Key categories have seen rate reductions: daily essentials have dropped from 12%/18% to 5%, agricultural equipment from 12%/18% to 5%, healthcare services to 5% or exempt, and education services are now fully tax-exempt.
Risks and Considerations. While IMS is generally considered safe, there are some potential risks and side effects to be aware of: Temporary Discomfort: Patients may experience mild discomfort or soreness at needle insertion sites. Bruising: Minor bruising can occur at the needling sites.
Potential Risks and Complications
While IMS is generally safe, there are potential risks. Some people may experience slight pain during or after treatment. Minor bruising or bleeding can occur where the needle is inserted. There's a small risk of infection at the insertion sites.
IMS sessions typically last between 30 and 60 minutes, depending on the complexity of your condition and the treatment plan outlined by your physiotherapist.