GSTN’s Advisory No 631 introduces new features to the Invoice Management System (IMS), allowing GST taxpayers more flexibility in handling credit notes and other documents. Taxpayers can now keep credit notes and certain specified amendments as pending for one tax period, which enables them to modify Input Tax Credit (ITC) reversal upon acceptance of these documents. The IMS also now provides options for taxpayers to declare the amount of ITC to be reduced and to provide remarks when taking action on records. These changes are effective prospectively from the October 2025 tax period and aim to streamline the process of managing invoices, debit notes, and credit notes.
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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