GST portal introduces facility to provide details for import of goods

The new feature enables businesses to manage import entries and Input Tax Credit (ITC) adjustments within the Invoice Management System, streamlining compliance and enhancing transparency for GST assessees

Now businesses can make entries about imports in the Invoice Management System (IMS) under GST. According to the tax department, this will enhance the convenience of a GST assessee.

“A new section for ‘Import of Goods’ has been introduced in IMS wherein the Bill of Entry (BoE) filed by the taxpayer for import of goods including import from SEZ, will be made available in the IMS for taking allowed action on individual BoE,” an advisory issued by the GST portal said. This functionality will be available from the Oct-2025 period onwards, it added.

GST is a self-assessment-based tax regime. The taxpayer needs to ascertain the ITC eligibility as per the provisions of the law and rules made thereunder. In cases where the GSTIN in a Bill of Entry has been amended and the previous GSTIN (G1) had already availed Input Tax Credit (ITC) on that Bill of Entry, the previous GSTIN is required to reverse the ITC amount availed on such BoE. Hence, entry for reversal of ITC due to amendment in GSTIN in BoE will be shown to the previous GSTIN (G1).

 

However, according to the advisory, to address scenarios where the ITC has already been reversed either partially or fully by the previous GSTIN, an option has been provided to the previous GSTIN to declare the amount of ITC that needs to be reversed based on the amount of ITC availed earlier (not exceeding the original value as per the Bill of Entry).

It may be noted that if no action is taken on an individual BoE, it will be treated as deemed accepted and based on the action taken, the GST Portal will generate the draft GSTR 2B for the recipient on the 14th of the subsequent month. IMS was introduced on the GST portal from the October 2024 tax period. It enables recipient taxpayers to accept, reject, or keep pending individual records uploaded by suppliers through GSTR-1/1A/IFF. This functionality empowers recipient taxpayers to manage their inward supplies by taking actions on individual records on the GST portal itself.

According to GST Network (IT backbone of the indirect tax system), IMS is an optional functionality, and the recipients are not mandated to take action. In case no action is taken, all the transactions in IMS will be considered as deemed accepted. Reverse charge and import-related entries (i.e., from ICEGATE and DGFT portals) will flow directly to Form GSTR-2B and will not be a part of IMS, it said. This system intends to facilitate taxpayers in matching their records/invoices vis-à-vis those issued by their suppliers for availing the correct ITC. Taxpayers can make use of this facility to seamlessly accept, reject, or keep invoices pending in the system to avail later as and when required.

Source:: The Hindu BusinessLine,  dated 31/10/2025.