Answer

1. F

   Facts

   GSTR-2B is the monthly statement of ITC based on what suppliers reported. Through the Invoice Management System (IMS) you can accept, reject or keep pending each invoice before GSTR-2B is generated. Claim ITC only on invoices that appear in 2B.

2. P

   Provisions and law

   • Sec 16(2)(aa), CGST Act 2017ITC is allowed only if the supplier has reported the invoice in GSTR-1 and it is communicated to the buyer
   • Rule 36(4), CGST Rules 2017ITC can be availed only on invoices furnished by suppliers and communicated in GSTR-2B
3. A

   Analysis

   Each month, compare your purchase register with IMS and GSTR-2B line by line. Example: you booked 60 invoices but 2B shows 57. Hold credit on the three missing ones and ask those suppliers to upload. Rejecting a wrong invoice in IMS keeps it out of your credit. GSTN also offers an IMS offline Excel tool for bulk actions.

4. C

   Conclusion

   1. 1Download IMS records and GSTR-2B each month
   2. 2Match each invoice with your purchase register by GSTIN, number, date and tax
   3. 3Accept correct invoices, reject wrong ones and keep doubtful ones pending
   4. 4Claim ITC only on matched invoices in GSTR-3B
   5. 5Follow up missing invoices with suppliers in writing

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.