3539017 - GST IN : DCS : Invoice Management System - SAP ERP & SAP S/4HANA

On September 9, 2024, the 54th GST Council Meeting introduced the Invoice Management System (IMS), a new feature in the GST system designed to help recipients accurately avail of tax credits.

This announcement contains information about the legal change, the introduction of a new IMS facility, expected to be effective from October 14, 2024.

For more information and collaboration on this legal change, please visit [GST Council Website](https://gstcouncil.gov.in/)

What is IMS?

• The introduction of the Invoice Matching System (IMS) in the GST system impacts the process of availing Input Tax Credit (ITC) for businesses.
• Invoices filed by the suppliers in the monthly returns (GSTR-1/1A*) can be accepted, rejected, or kept pending by invoice recipients, enabling more accurate Input Tax Credit (ITC) claims.
• The system reconciles invoices in business records with those uploaded by suppliers, simplifying the ITC claim process and preventing mismatches.
• The IMS introduces features that benefit both recipients and suppliers.

• SAP ERP
• SAP S/4Hana
• SAP S/4Hana Private Cloud
• DCS
• SAP BTP

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