(Invoice Management System)
under GST
Issues, Challenges & Compliance

📌 Introduction


🎯 Course Objectives

Recent GST legal updates & Key Amendments

  • GSTR-3B Amendments: Locking of Auto-Populated Liabilities and its implications.
  • Track & Trace Mechanism: Section 148A

ISD & Input Tax Credit (ITC)

ISD Registration: Mandatory for Businesses with Multiple GSTINs (Effective April 1, 2025)

  • Applicability Criteria: who must register as an ISD.
  • ISD Amendment: reverse charge mechanism and its distribution.

Post-ISD Registration Compliances

  • Process of Billing on Other Branches: Inter-branch transactions, billing procedures, and changes post-ISD registration.
  • Booking on Common Service Vendors Invoices: receiving and booking invoices from vendors providing common services to multiple branches.
  • Claiming Input on Common Services: a mechanism for distributing and claiming ITC on common input services through ISD.
  • GST Returns for ISD: GSTR-6 filing, its reconciliation, and common challenges.
  • Details to be Maintaine d for GST Departmental Audit:Specific records, registers, and documentation required for ISD from an audit perspective.

Challenges & Solutions in ITC  ;ISD

Common Confusions, Operational Issues & Best Practices in ISD

  • ISD vs. Cross Charge: the distinction and when to apply each.
  • Incorrect Distribution Ratios:determining and applying correct ratios for ITC distribution.
  • Identifying Common Input Services: classifying services as ‘common’ for ISD purposes.
  • GSTR-6 Filing Issues: Common errors, technical problems, and reconciliation challenges in GSTR-6.
  • Impact on Recipient Units: the recipient’s perspective and compliance responsibilities.

Invoice Management System (IMS) on GST Portal – 

Invoice Submission to Recipient Action

  • Invoice Submission by Suppliers: process flow and compliance requirements.
  • Recipient Actions: guide to ‘Accept’, ‘Reject’, and ‘Pending’ invoice statuses.
  • Impact on GSTR-2B and GSTR-3B Filings :IMS impact on return filing and ITC availability.

IMS Dashboard, Real-time Invoice Status Tracking & Communication

  • IMS dashboard: Key features and functionalities.
  • Real-time tracking for efficient invoicing management.
  • Communication channels between suppliers and recipients within IMS.

Managing Invoices: Accept, Reject, Invoices Pending, and Implications

  • Accepting Invoices: Legal and practical implications, ensuring timely ITC.
  • Rejecting Invoices: Procedures for rejection, reasons, and follow-up actions.
  • Invoices Pending: When to keep invoices pending, risks involved, and resolution strategies.
  • Consequences of each action on ITC and compliance.

Handling Exceptions: Documents, Amendments & Incorrect Actions

  • Documents that cannot be kept pending in IMS.
  • Amendments on invoices within the IMS framework.
  • Resolving incorrect invoicing actions and common errors.

Practical Challenges & Troubleshooting in IMS Implementation and Usage

  • Common data mismatches between supplier and recipient records.
  • Challenges with supplier non-compliance and delayed invoice submissions.
  • Handling credit notes and debit notes and its implications

Recent GST Updates: Legal Amendments Related to IMS

Case Studies & Practical Scenarios

GST Audit, Scrutiny & Risk Management

  • Common Areas of Departmental Scrutiny
  • Departmental Audits and Responding to Notices

 

COURSE SCHEDULE & FEES

AUG
07
THU
Holiday Inn, Aerocity
Training Session
Delhi
In-Person Training
14750
Inclusive of all taxes
AUG
08
FRI
The Lalit
Training Session
Mumbai
In-Person Training
14750
Inclusive of all taxes
AUG
13
WED
Holiday Inn
Training Session
Bangalore
In-Person Training
14750
Inclusive of all taxes

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