GSTN Introduces Import of Goods Details Feature in Invoice Management System for Easier ITC Reconciliation

The Goods and Services Tax Network (GSTN) has announced a new feature in the Invoice Management System (IMS) on the GST portal to make it easier for taxpayers to match and verify their input tax credit (ITC) on imported goods. The new feature is called “Import of Goods Details,” will be available from the October 2025 tax period.

The IMS was first launched on the GST portal in October 2024. It helps taxpayers manage invoices uploaded by their suppliers through GSTR-1, GSTR-1A, or the Invoice Furnishing Facility (IFF).

In the IMS, taxpayers can take action on each invoice by choosing to accept, reject, or keep it pending, depending on whether the details are correct. Taxpayers will now also be able to see details of their imports of goods, including imports from Special Economic Zones (SEZs), directly in the IMS.

Read More: FinMin Revises Customs Tariff Values for Edible Oils, Gold, andSilver

The information will be taken from the Bill of Entry (BoE) filed with customs. This will allow taxpayers to review their import transactions in one place and confirm whether the data is accurate before claiming ITC.

If no action is taken on a particular Bill of Entry, it will be treated as deemed accepted. Based on the actions taken by the taxpayer, the GST portal will automatically prepare the draft GSTR-2B on the 14th of the following month. GSTR-2B shows a summary of ITC available to the taxpayer for that period.

All-in-One Manual with Updated GST Laws & Provisions, Click here

Here is a step-by-step explanation of how taxpayers can use this new feature:

Step 1: Log in to the GST Portal

• Visit the official GST portal – www.gst.gov.in.
• Log in using your GSTIN, username, and password.

Step 2: Go to the IMS Dashboard

1. After logging in, navigate to: Services → Returns → Invoice Management System (IMS).
2. You will see a new tab titled “Import of Goods” on the IMS dashboard. This tab will display details of your Bills of Entry (BoEs) for goods imported during the selected tax period.

3. Check the Sub-Sections The ‘Import of Goods’ section is divided into four parts:

• IMPG: For original imports of goods from overseas.
• IMPG (Amendments): For any changes or corrections made to the Bill of Entry for overseas imports.
• IMPGSEZ: For imports from SEZ units.
• IMPGSEZA (Amendments): For any amendments made to SEZ import records. Each section shows the BoE number, date, GSTIN, IGST or Cess paid, and other relevant details.

4. Take Action on Each Bill of Entry For every Bill of Entry listed, the taxpayer can choose one of the following actions:

• Accept: If the import details are correct, select this option. The entry will then be included in the draft GSTR-2B for ITC purposes.
• Keep Pending: If the taxpayer wants to verify the data or documents before accepting, they can keep it pending.
• No Action: If no action is taken, the entry will be treated as deemed accepted by default.

Clear all Your Doubts on RCM, TCS, GTA, OIDAR, SEZ, ISD Etc... Click Here

5. Review and Reconcile ITC

After taking action, the GST portal will automatically prepare a draft GSTR-2B on the 14th of the next month. This statement will reflect all accepted import records, helping taxpayers easily reconcile their ITC. Even after this, taxpayers can review and make necessary changes before filing GSTR-3B.

6. Handling Amendments

If there is any amendment in the GSTIN or import value, the system will automatically adjust the ITC. For example, if a GSTIN is corrected in an amended Bill of Entry, the ITC will be reversed from the old GSTIN and moved to the new one.

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates