The new IMS system aims to improve accuracy, transparency, and efficiency in managing GST invoices, reducing mismatches, and ensuring compliance without burdening taxpayers. The system will allow taxpayers to accept, reject, or keep invoices pending for later review, making ITC claims easier. Key benefits include fixing invoice mistakes, ensuring explicit ITC claims, and automatic acceptance of invoices if no action is taken. Businesses will need to carefully check their invoices to ensure correct ITC claims.
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