- GSTN issued Advisory No. 624 on September 23, 2025 introducing new changes to the Invoice Management System to simplify taxation and reduce compliance burden on taxpayers
- Taxpayers can now keep specified records pending for limited time periods with monthly taxpayers allowed one tax period and quarterly taxpayers also allowed one tax period for credit notes and various amendments
- New facility allows taxpayers to declare actual Input Tax Credit amounts availed and required to be reversed, permitting full or partial ITC reversal based on actual availment rather than full reversal requirements
- Optional remarks feature enables taxpayers to save comments when rejecting or pending records, with remarks visible in GSTR 2B and supplier dashboards for future reference and corrective actions
- Changes become effective from October tax period and apply only to records filed by suppliers after production rollout, with due dates calculated based on supplier communication dates
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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