Sovos Wiki
11th February 2025
- Sovos India GST Suite
- GST Software | Sovos GST Compliance solution
- 11th February 2025
New Feature Updates: IMS & 2A Integration, Bulk Save History & More
Integration of IMS and 2A Data for Enhanced Reconciliation
The system now fetches and syncs 2A data alongside IMS data, enabling rate-level reconciliation. Additional fields like GSTR1/1A filing date, CFS 3B status, RCM, amendment flags, return period details, supplier cancellation date, and IRN generation details are included in the IMS reconciliation results.
Purpose
Provides you more detailed information about your invoices, so you can easily decide whether to accept them, reject them, or put them on hold.
How to Use
When fetching IMS data, the system will automatically fetch 2A data and perform an enriched reconciliation. Users can review detailed reconciliation results within the IMS module.
Please note: We have already sent you a detailed email about this feature. The email subject is “Enhanced IMS Reconciliation with Integrated 2A Data”.
IMS Recon > Bulk Save History
A new Bulk Save History feature is available under logs, allowing users to track IMS save requests.
Purpose
Lets users easily watch and keep track of their important data saves and will also redirect the errors through the save history.
How to Use
- Navigate to IMS Reconciliation >> Logs >> Save History.
- Click on the action button for more details; a “Redirect to Errors” link in the pop-up dialogue box will redirect you to any errors that occurred.
IMS Save > Email Updates
Users will receive email notifications upon completion of an IMS save request. The email will include the request status (success/failure) along with a GSTN summary or failure reason.
Purpose
It tells users if their save worked or if there were any issues encountered, so they don’t have to keep checking themselves.
How to Use
Once a save request is completed, an automated email will be sent to the user with the details.
Bulk Operation > Other Actions
Now you can create, discard, and save your data to GSTN for multiple GSTINs in one go.
Purpose
This reduces the time taken to process the returns.
How to Use
Navigate to Bulk Operations >> Other Actions >> Select the GSTINs, return type, return period, and action to perform to utilise this feature.
Update Vendor Details
- This is a premium feature; you can subscribe for this by contacting the sales team
- It provides key vendor information like filing frequency, e-invoice eligibility, cancellation date, overall compliance, and ITC risk profile
Purpose
This helps you check if your vendor is compliant and if there’s any risk with their input tax credits (ITC).
How to Use
- Go to the 2A/2B reconciliation results section.
- Click on the “Vendor Summary” button to calculate the summary in the “Net Vendor Summary” section.
- This is a mandatory step; only then will you be able to get the vendor details.
- Click “Update Vendor Details button and wait for a few minutes for the details to update.
- Please Note: To get these details in the reconciliation results download, just go to customised settings and select the required vendor details fields that you want to add in the download file and click on save. Refer to the screenshot below.
IMS Reconciliation: New Rules Added
Rules 3 & 4 added to reconcile invoices based on amounts, ignoring invoice numbers. Rule 4 allows a tolerance amount for matching.
Purpose
To help reconcile invoices when invoice numbers are missing or incorrect, focusing on the invoice, taxable, or tax amount.
How to Use
Go to the IMS Reconciliation tab >> IMS Perform Reconciliation >> Analyse Missing Invoices. You’ll find Rules 3 & 4 there.
GSTR-6 Annual Reconciliation
You can now select multiple sections and financial years for reconciliation requests. A tolerance range can also be specified.
Purpose
To make GSTR-6 annual reconciliation more flexible and efficient by allowing bulk selection.
How to Use
Go to GSTR6 Annual Reconciliation >> Perform Reconciliation >> Select multiple sections and multiple financial years.
2A, 2B, IMS Reconciliation: New Filter Added
A filter for Note Type (Credit Note/Debit Note) has been added.
Purpose
To allow users to filter reconciliation results based on the type of note.
How to Use
Go to 2A, 2B, IMS Recon Result >> CDN & CDNA section >> Select Criteria >> Note Type: Credit Note or Debit Note.
We hope these updates make your tasks easier and more efficient. If you have any questions or need assistance, please feel free to reach out to the concerned support person, or you can write us at support-india@sovos.com.