The India SME Forum warns that the implementation of the new GST Invoice Management System (IMS) could burden MSMEs with additional compliance costs of ₹1.5 lakh annually. The organization, representing over 98,200 MSMEs, has urged the government to adopt a phased implementation approach spanning 6-12 months, similar to the e-invoicing transition. According to industry estimates, 75% of MSMEs struggle with digital compliance, while 95% need more time to integrate IMS into their workflows. The system, launching October 2024, aims to eliminate Input Tax Credit mismatches through real-time invoice reconciliation.