Webinar

Unlock the Power of the New GST Invoice Management System (IMS) for Seamless ITC Management

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Decoding Invoice Management System (IMS) under GST: A Key to Effective & Accurate ITC Management

Brief

Invoice Management System (IMS) will go live from 1st October 2024 on the GST portal. Businesses can have greater control over their ITC claims by taking timely actions on IMS. Although optional, the system looks promising if leveraged for accurate ITC management. Finance leaders and teams across India are exploring the new system and have queries about its implications for their GST compliance and reporting process.
Join us for an exclusive Q&A webinar designed for CFOs to explore the latest GST update—the Invoice Management System (IMS). Our expert will walk you through how IMS works with a detailed workflow, its impact on businesses, its need and importance, its use cases, and how Clear's solution provides real-time visibility and control over your ITC through robust reconciliations and insightful reports.

Key Takeaways :

  • Understand the newly launched GST Invoice Management System (IMS) and its impact on ITC management
  • Learn how to leverage IMS for faster and more accurate reconciliation of invoices in GSTR-2B.
  • Discover strategies to improve ITC accuracy and streamline compliance workflows.
  • See how Clear Finance Cloud enables easy syncing of Purchase Registers, GSTR-2B, and IMS for complete compliance
  • Live Q&A

Thought Leader :

Shrenik Shah

Senior Manager Presales

Clear Tax

Speaker Bio :

Shrenik Shah is a seasoned tax professional and business strategist based in Mumbai, Maharashtra, India. With over a decade of experience in taxation, audits, and business development, Shrenik has honed his expertise in direct and indirect taxes, particularly in GST advisory and compliance. He currently serves as a Senior Manager in Presales at Clear, where he focuses on strategic planning and business development.

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