Webinar on GST Invoice Management System (IMS) – Key Updates & Practical Insights

The Goods and Services Tax Network (GSTN) introduced the Invoice Management System (IMS) on October 14, 2024, to revolutionize the way taxpayers manage and reconcile purchase invoices for Input Tax Credit (ITC) claims. IMS provides a dynamic, real-time interface within the GST portal that enables recipient taxpayers to accept, reject, or keep invoices pending-facilitating more accurate and timely ITC reconciliation and compliance.

Overview and Benefits:

We are pleased to invite you to an insightful webinar on IMS scheduled for 9th July 2025, from 11:00 AM to 12:30 PM. This webinar will cover key aspects of the Invoice Management System (IMS) under GST, including its role in streamlining Input Tax Credit (ITC) claims, real-time invoice reconciliation, and practical steps for managing invoices through the GST portal.

Participants will gain clarity on handling invoice exceptions, improving GST compliance accuracy, and adapting to recent regulatory changes. This knowledge will empower tax and finance professionals to enhance operational efficiency, reduce errors, and optimize ITC claims—benefiting businesses across industries.

What participants will learn:

• Introduction to IMS under GST: Understanding its role and implementation timeline.
• How IMS Works: From invoice submission by suppliers to recipient action and impact on GSTR-2B and GSTR-3B filings
• Key Features: IMS dashboard overview, real-time invoice status tracking, and communication between suppliers and recipients
• Managing Invoices: Step-by-step guidance on how taxpayers can accept, reject, or mark invoices pending, and the implications of each action.
• Handling Exceptions: Documents that cannot be kept pending, impact of amendments, and resolving incorrect invoice actions.
• Frequently Asked Questions and Best Practices: Clarifying common concerns and practical tips to leverage IMS effectively.
• Recent GST updates: legal amendments related to IMS.

Who should attend

This webinar will be valuable for tax professionals, finance teams, and anyone involved in GST compliance and ITC management. Please mark your calendar for this important session.

Our Speakers

Mr. Kartik Gandhi
Head-Indirect Tax Siemens Ltd.

Kartik is a Chartered Accountant with over 15 years of experience in the field of finance and taxation. Predominantly specializing in Indirect Taxes, his experience encompasses the full spectrum of Indirect tax activities, including advisory, compliance, M&A and litigation, particularly in the context of multinational operations. He is passionate and committed to innovative tax technology solutions. Currently, he leads the Indirect tax function for Siemens Limited and is also responsible for Siemens group entities in India. He has been working with Indirect tax team for close to 9 Years. Prior to joining Siemens, he has been associated with L&T Hydrocarbon and KPMG.

Ms. Komal Sampat
Director in the Indirect Tax practice at Deloitte Touche Tohmatsu India LLP

Komal is a Director in the Indirect Tax practice at Deloitte Touche Tohmatsu India LLP, bringing over 10 years of experience in indirect tax advisory, compliance, and risk management across diverse sectors. She specializes in managing pan-India GST compliance for large businesses and has worked extensively with clients in Renewable Energy, TMT, Consumer Goods, Pharmaceuticals, Oil & Gas, Logistics, Healthcare, Hospitality, Courier, and Shipping industries. Komal is a member of the Institute of Chartered Accountants of India and has significant expertise in indirect tax structuring, due diligence, and regulatory representation during GST implementation.

Contact Details :

Winnie Mendonca
Email : winnie.m@bombaychamber.com
Tel : 61200263

Mr. R. Ganesh
Email : ganesh.r@bombaychamber.com
Tel : 61200218/ 9987042149