- IMS is a GST portal feature showing supplier-uploaded inward invoices, where buyers can accept, reject, or keep records pending before they flow into GSTR-2B.
- The purchase register is the buyer’s internal accounting record of purchases, used for bookkeeping, inventory, and ITC support.
- IMS and the purchase register must be reconciled because mismatches like wrong GSTIN, duplicate invoices, incorrect values, or unbooked documents can affect ITC claims and compliance.
- Reconciliation is done by comparing IMS data with the purchase register using fields like invoice number, date, supplier name, taxable value, and GST amount.
- Records are typically classified as matched, partially matched, mismatched, or missing to identify and resolve exceptions before filing.
Source: taxilla.com
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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