Smarter Invoice Reconciliation with TallyPrime’s Connected Invoice Management System (IMS)
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Accurate GST compliance and claiming Input Tax Credit (ITC) remains a persistent challenge for businesses. To make the process easier, the government has now implemented Invoice Management System (IMS), an integrated system within the GST portal for recipient taxpayers to view, manage, and respond to invoices at the moment. With IMS, businesses have better control over ITC with less compliance risks since actions can be automatically enforced—Accept, Reject, or Mark as Pending. The expense of achieving greater transparency and control is cross-checking with your books in real-time which is not possible when working solely on the portal. TallyPrime solves this problem by integrating IMS with accounting workflows so that invoice management through timely action becomes simple and compliance is ensured. TallyPrime's Invoice Management System (IMS) IMS is Tally Prime’s last integration made Connected GST offering de...