Sneha Joshi

The Invoice Management System (IMS) gives GST buyers three actions before GSTR-2B is generated: Accept, Reject, and Pending. Each flows differently into 2B and the auto-populated GSTR-3B. This guide walks through each action, default behaviour, credit-note handling, and common errors.

Rule 36(4) of the CGST Rules reshaped Input Tax Credit between 2019 and 2022. It began as a 20% cap on provisional ITC, tightened to 10% and then 5%, and was finally replaced by the 100% GSTR-2B matching regime from 1 January 2022. Here is the full regulatory timeline.

The Income-tax Department has issued notices to charities and trade bodies, questioning whether certain receipts qualify as ‘commercial’ under Section 2(15). The move may impact tax-exempt status under Sections 11 and 12A.

One-year review of the Rule 48(4) 30-day IRN reporting rule, extended from Rs 100 crore to Rs 10 crore AATO w.e.f. 1 April 2025, plus a rumour-check on the false claim that e-invoicing is dropping to Rs 5 crore on 1 April 2026 (that threshold has been live since August 2023).

GSTN has launched the IMS Offline Utility v1.0, an Excel-based tool to accept, reject, or keep invoices pending — all offline. Useful for bulk invoices and low connectivity areas.

A notification-anchored walkthrough of GST compliance for April 2026: IMS operational mechanics, e-invoicing still at ₹5 crore, the 30-day IRN rule for ₹10 crore+ taxpayers, HSN digit slabs by turnover, and why compensation cess is not cleanly sunsetting for tobacco and specified goods.

Section 44ADA lets eligible resident professionals declare 50% deemed profit — saving on books and audit if conditions are met.

FY 2026-27 income tax slabs under both regimes with rebate, standard deduction, surcharge, and switching rules explained in one place.

Section 43B(h) disallows expense deduction if payments to micro and small enterprise suppliers are not made within 15 or 45 days. Applies from AY 2024-25.

GSTR-9 annual return for FY 2024-25 — who must file, Rs 2 crore exemption, due date, GSTR-9C changes, late fee slabs and FAQs.