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Home › Products › Cygnet Tax › GST Compliance › Invoice Management System

Achieve a transparent Tax Structure with Invoice Management System

Simplify GSTR Filing, Reconciliation, and Invoice Matching

Connect with tax experts!

Set default/custom IMS actions based on reconciliation buckets

Ensure accurate ITC claims by giving taxpayers control over their invoice management

No Action

Deemed as acceptance.

Accepted

Records become part of GSTR-2B and GSTR-3B.

Rejected

Records are included in the ‘ITC rejected’ section of GSTR-2B.

Pending

Defer decision for later.

Is IMS Voluntary? Not really.

Once you begin filing GSTR-3B based on GSTR-2B, IMS becomes essential for accuracy. If you skip IMS, you’re filing blind – risking wrong ITC, missed reversals, or audit flags. With government locking liabilities, only those with daily reconciliation will stay compliant.

Image

Why IMS is a Necessity?

IMS is not optional – it’s an essential framework for generating GSTR-2B, soon to be validated further with the locking of GSTR-3

Improved Compliance

Avoid penalties by aligning with GST regulations early.

Streamlines Reconciliation

Identifies discrepancies and ensures clean GSTR-2B

Prevents Errors

Protects ITC eligibility by rejecting fraudulent or incorrect credit notes.

Simplifies Annual Returns

Minimizes reversals and detailed audits.

Builds Transparency

Encourages discipline and reduces scrutiny by tax authorities.

Flow of Invoice through IMS

Flow-of-invoice-through-IMS
Become IMS compliant

Key Features of IMS

Real-time GSTR-2B Preview

Sequential GSTR-2B Filing

Built-in Reconciliation Tools

User-Friendly Interface

Auto actions based on reconciliation

Data archival in portal

Key Features of IMS

Real-time GSTR-2B Preview

Sequential GSTR-2B Filing

Built-in Reconciliation Tools

User-Friendly Interface

Auto actions based on reconciliation

Data archival in portal

Our USPs

Set default <span class=IMS actions based on reconciliation buckets " src="https://www.cygnet.one/wp-content/uploads/2025/05/reconciliation-buckets-.png">

Set default IMS actions based on reconciliation buckets

 Bulk actions based on reconciliation

Bulk actions based on reconciliation

Real-time counterparty actions in your sales register on outward supplies

Real-time counterparty actions in your sales register on outward supplies

Track counterparty actions on e-commerce transactions with quick summary dashboard

Track counterparty actions on e-commerce transactions with quick summary dashboard

Trigger instant notifications to vendors based on real-time IMS actions

Trigger instant notifications to vendors based on real-time IMS actions

Our USPs

Set default IMS actions based on reconciliation buckets

Bulk actions based on reconciliation

Real-time counterparty actions in your sales register on outward supplies

Track counterparty actions on e-commerce transactions with quick summary dashboard

Trigger instant notifications to vendors based on real-time IMS actions

Auto-Syncing of IMS data every 24 hours & On-Demand

Flow-of-invoice-through-IMS

Ready to simplify your GST compliance? Contact us today to learn more about IMS and how it can benefit your business.

Contact us

Upgrade from spreadsheet chaos to an intelligent, compliant, and scalable reconciliation engine. Here's why enterprises are choosing Cygnet's Invoice Management System (IMS)

  • Unlimited Invoice View – Access all records in one view for complete visibility
  • Rate Applicability Bifurcation – Detailed split of MRP, taxable value, and tax components
  • No Upload Restrictions – Upload bulk Purchase Registers without throttles
  • GSTR-2B Ready – Reconciliation mapped to GSTN timelines and IMS mandates
  • Bulk Actions – Accept, reject, or mark invoices pending in real time
  • Vendor Notifications – Alert vendors instantly on IMS actions
  • End-to-End Audit Trail – Every action is logged, timestamped, and traceable
Image

What's in it for you?

Pre IMS reconciliation

Access Resources

Webinar
Webinar

Decoding & Implementing Invoice Management System

Read More Explore Full Story
Blog
Blog

Invoice Management System (IMS)

Get answers to common questions about Invoice Management Systems (IMS). Improve your invoicing process with key insights.

Read More Explore Full Story
Blog
Blog

What is an Invoice Management System under the GST

Read this blog to know everything about Invoice Management System, a vital feature in the GST framework.

Read More Explore Full Story

Cygnet Invoice Management System Module Webinar Series

With IMS, ensure your GSTR-2B is perfectly synced with your purchases—avoiding reversals and reclaims.
Watch now

FAQ

Yes, IMS will encompass all the fields necessary for identifying and taking action on invoices.

No, if IMS is not used, all invoices, credit notes, and debit notes will be automatically deemed accepted and populated in GSTR-2B.

Currently, there is no option to provide a reason for rejecting an invoice. Vendors may contact you to inquire about the rejection.

Yes, the RCM auto-populated values in GSTR-3B can be edited up until the return is filed.

What's new in Store?

Input Service Distributor (ISD)

Litigation Management Solution (LMS)

VAT return preparation and filing in Middle east

Tax determination

Let’s level up your Business Together!

The more you engage, the better you will realize our role in the digital transformation journey of your business








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