Major changes in GST invoice management system (IMS) from October 2025 tax period
Published on: Oct. 28, 2025, 11:18 a.m. | Source: The Economic Times
The Goods and Services Tax Network has updated its Invoice Management System. Taxpayers can now mark credit notes as pending for one tax period. This new feature offers flexibility in modifying Input Tax Credit reversals. These changes aim to streamline business processes and resolve disputes. The updates are effective from the October 2025 tax period onwards.
