GSTN has introduced a new facility of Invoice Management System on their portal which will help the taxpayers to simplify the process of reconciliation.

It will contain two segments i.e. Inward supplies and Outward supplies.

  1. Inward Supplies: Under this option, recipient taxpayers can easily accept or reject the Inward supply invoices from various vendors at one place in single click. Form GSTR 2B will be regenerated on the basis on inputs provided by the taxpayers and updated ITC details will be auto populated in Form GSTR 2B.
  2. Outward Supplies : Under this option, a universal view of number of records under various tables in Form GSTR-1 can be viewed and downloaded in Excel format.
Draft Manual of Invoice Management System can be accessed by clicking here.