New Changes in IMS Regarding Credit Note & Debit Note

1. New “Pending” Option Introduced: –
Now you can mark the following records as Pending:
➡️Credit Notes (CN) & upward amendments
➡️Downward CN where original CN was rejected
➡️Downward Invoice/DN if original accepted & 3B filed
➡️ECO downward amendments (if accepted & 3B filed)

2. New Functionalities in IMS: –
✔ Declare “Amount of ITC to be reduced” if ITC already reversed / not availed
✔ Add remarks while marking any record as Pending or Rejected
✔ Greater control for recipient taxpayers in ITC management

3. Applicability: –
These changes are prospective —
– Effective for records reported in GSTR-1 of October 2025 and onwards.

4. How Long You Can Keep Record as Pending?: –
– Monthly filers – 1 month
– Quarterly (QRMP) filers – 1 quarter
Formula:
➡ GSTR-3B due date of [GSTR-2B period + 1 tax period]
Example:
If Oct’25 GSTR-1 filed on 10 Nov → Pending allowed till 20 Dec 2025.

5. After Pending Period Expires: –
⛔ Pending option disabled automatically.
✅ You must Accept or Reject.
– If no action taken → System will treat as Deemed Accepted.

6. New ITC Reversal Question: –
On accepting CN/DN records, IMS will now ask:
“Whether ITC needs to be reduced?”
– Options:
Yes: Full / Partial reversal (you can declare value)
No: No ITC reversal if credit not availed earlier

7. Remarks Made Easy: –
Now you can add remarks while taking Reject or Pending actions.
– Remarks are mandatory in cases of partial or no ITC reversal.

8. mpact Summary (Quick View): –
✅ Accept (Yes) → ITC reduced (full/declared)
✅ Accept (No) → No ITC impact
❌ Reject → Supplier’s liability increases
⏸️ Pending → No ITC impact till action
⚙️ No Action → Deemed accepted

– Takeaway:
These IMS updates ensure better transparency, ITC accuracy & ease of reconciliation for taxpayers.
Implementation starts October 2025 Tax Period.