IMS October 8, 2025 Advisory: What You MUST Know Now | IMS advisory | Invoice management systems

Here is a YouTube description for a video about the IMS advisory issued on October 8, 2025.

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🚨 ATTENTION All GST Taxpayers! 🚨

The GSTN has just issued a crucial Advisory on the Invoice Management System (IMS) to clear up widespread misinformation. In this video, we break down exactly what the October 8, 2025, advisory means for you and your GST return filing. Find out what's changed, what hasn't, and the new flexibilities you can use from this month itself! Don't let confusion lead to compliance errors. Watch now to stay informed and compliant.

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📢 In This Video, We Cover:

✔️ What the Advisory Clarifies: We start with the key points directly from the GSTN to bust the myths circulating online.

✔️ What Has NOT Changed: The core of your GST filing remains the same. We explain the processes that continue as before, so you don't do any unnecessary manual work.
Auto-population of ITC from GSTR-2B to GSTR-3B continues.
GSTR-2B will still be generated automatically on the 14th of every month.

✔️ New Features & Flexibilities (Effective October 2025): This is the exciting part! We dive into the new features designed to make your life easier.
Handling Credit Notes: You now have the option to keep a Credit Note "pending" for one tax period and accept it later.
Declaring ITC Reduction: You can now declare the exact amount of ITC you had availed and reverse only that portion, not the full invoice value.
Adding Remarks: A new (voluntary) feature to add remarks while rejecting or pending a document, which will be visible to the supplier.

✔️ Practical Examples & Compliance Tips: We walk through real-world scenarios to show you how these changes work in practice and share tips to use these features wisely.

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📅 Key Takeaways at a Glance

Topic What You MUST Know
✅ No Change: ITC Auto-Population The Input Tax Credit (ITC) will continue to auto-populate from GSTR-2B to GSTR-3B as before. No manual action is needed.
✅ No Change: GSTR-2B Generation Your GSTR-2B will still be auto-generated on the 14th of each month. You can perform actions in IMS and regenerate it if needed before filing GSTR-3B.
🆕 New: Credit Note Flexibility You can now keep Credit Notes pending for a defined period (1 month/quarter). Upon acceptance, adjust ITC reversal manually only to the extent of credit already availed.
🆕 New: Partial ITC Reversal If you only claimed partial ITC on an invoice, you now only need to reverse that partial amount, not the full tax value, when a credit note is issued.

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🔔 Who Should Watch This Video?

· Every GST taxpayer and return filer.
· Chartered Accountants, Tax Consultants, and GST Practitioners.
· Finance Managers, Accountants, and business owners.
· Anyone who wants to avoid last-minute filing errors and understand the new IMS system.

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📚 Sources & Further Reading:

· Official GSTN Advisory (Accessed via Taxscan): https://www.taxscan.in/top-stories/in...
· Detailed breakdown from CA Guruji Classes: https://taxupdates.cagurujiclasses.co...

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#GST #IMS #GSTAdvisory #GSTR2B #GSTR3B #InputTaxCredit #ITC #CreditNote #GSTN #TaxUpdate #GSTReturn #Taxation #BusinessCompliance

Disclaimer: This video is for educational purposes only. The information is based on the GSTN advisory dated October 8, 2025. Viewers are advised to consult with a qualified tax professional for specific advice.