Import of Goods section in Invoice Management System (IMS)

GST Update: Introduction of “Import of Goods” Section in Invoice Management System (IMS)

The Goods and Services Tax Network (GSTN) has introduced a significant enhancement to the Invoice Management System (IMS)—a new section for “Import of Goods”. This update aims to simplify the reconciliation of import-related data and improve the overall accuracy of input tax credit (ITC) claims for importers.

🔹 What is the Invoice Management System (IMS)?

The IMS was first launched on the GST Portal starting from the October 2024 tax period. It allows recipient taxpayers to manage invoices uploaded by their suppliers in GSTR-1 / 1A / IFF, by performing any of the following actions on each record:

• ✅ Accept
• ❌ Reject
• ⏸️ Keep Pending

This helps businesses ensure that their purchase records match with supplier data before claiming Input Tax Credit (ITC).

🔹 What’s New: Import of Goods Section

From the October 2025 tax period onwards, a new feature has been added in IMS to capture Import of Goods details.
Under this, details of Bills of Entry (BoE) filed by taxpayers for import of goods—including imports from Special Economic Zones (SEZs)—will now be auto-populated in the IMS.

Taxpayers can then:

• View each BoE record directly in IMS.
• Take appropriate action—accept, reject, or keep pending—on individual BoEs, just like they do for domestic invoices.

🔹 Deemed Acceptance Rule

If the taxpayer does not take any action on an individual Bill of Entry within the prescribed time, it will be deemed accepted automatically.

Based on the actions taken (or not taken), the GST portal will auto-generate the draft GSTR-2B for the recipient on the 14th of the subsequent month.

This ensures timely reflection of import transactions in ITC statements, reducing mismatches and improving compliance accuracy.

🔹 Benefits of the New Functionality

✅ Seamless Import Data Integration: Import details (BoE) now visible alongside domestic invoices.
✅ Improved ITC Accuracy: Helps prevent wrong ITC claims on unverified imports.
✅ Ease of Reconciliation: Enables taxpayers to verify import entries before they reflect in GSTR-2B.
✅ Enhanced Transparency: Reduces disputes and mismatches between customs and GST data.

🔹 Key Takeaway

This is a major step towards data synchronization between GST and Customs systems, promoting better compliance and accuracy in ITC reporting for importers.

Taxpayers involved in imports should actively review their Bills of Entry in IMS every month and take timely action to ensure their GSTR-2B reflects correct import data.

For detailed instructions and screenshots, taxpayers can refer to the official advisory available on the GST Portal.

Source

Also Read: Recommendations of the 56th Meeting of the GST Council – CA Cult

CA Cult YouTube: Calculation of Income Tax FY 2024-25 | Old vs New Regime | For Salaried Employees

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