GST Input Tax Credit Calculator

Enter tax payable and ITC credits available to calculate Input Tax credit under IGST, CGST & SGST

Tax Payable

IGST
CGST
SGST

Input Tax Credit

IGST
CGST
SGST

RESULTS

IGST

CGST

SGST

Tax Payable

Input Tax Credit

Gross Tax Payable

0

0

0

Remaining Input Tax Credit

0

0

0

Credit of IGST used for CGST

0

0

0

Credit of IGST used for SGST

0

0

0

Credit of CGST used for IGST

0

0

0

Credit of SGST used for IGST

0

0

0

Net Tax Payable

0

0

0

Carried forward Input Tax Credit

0

0

0

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QuickoGSTToolsGST Input Tax Credit Calculator

GST Input Tax Credit Calculator

Enter tax payable and ITC credits available to calculate
Input Tax credit under IGST, CGST & SGST

IGST

CGST

SGST

Tax Payable

Input Tax Credit

Learn
Blog
Help
FAQs

Input Tax Credit can be of the following types:

If the tax paid on the purchase of inputs, capital goods, and input services from another State (Inter-State)

  • Input Tax Credit of IGST

If tax paid on purchase of inputs, capital goods and input services from the same State (Intra-State)

  • Input Tax Credit of CGST
  • Input Tax Credit of SGST
  • Input Tax Credit of UTGST

Input Tax Credit can be calculated from the following sources:

  • Balance of Electronic Credit Ledger – The Input Tax Credit of IGST, CGST and SGST of earlier months would be reflected in the E-Credit Ledger of a registered dealer on GST Common Portal. This amount is used to calculate the payment for output tax.
  • Inward Supplies received – Tax Invoice issued to a buyer when they make a purchase reflects the amount of IGST or CGST & SGST charged. This is the Input Tax Credit that the buyer can claim towards payment of taxes on outward supplies made by him.

Input Tax Credit of IGST should be claimed first against Output IGST, the balance can then be claimed against Output CGST and then against Output SGST.

Input Tax Credit of CGST should be claimed first against Output CGST and then against Output IGST. It cannot be used for paying Output SGST.

Input Tax Credit of SGST shall be claimed first against Output SGST and then against Output IGST. It cannot be used for paying Output CGST.

To claim the Input Tax Credit the buyer should pay the supplier within 180 days from the date of issue of the invoice. Input Tax Credit calculated cannot be claimed:

  • On expiry of one year from the date of issue of tax invoice.
  • After filing of return for month of September of the next financial year.
  • After filing of Annual Return (due date: 31st December of next financial year).
FAQs

Input Tax Credit can be of the following types:

If the tax paid on the purchase of inputs, capital goods, and input services from another State (Inter-State)

  • Input Tax Credit of IGST

If tax paid on purchase of inputs, capital goods and input services from the same State (Intra-State)

  • Input Tax Credit of CGST
  • Input Tax Credit of SGST
  • Input Tax Credit of UTGST

Input Tax Credit can be calculated from the following sources:

  • Balance of Electronic Credit Ledger – The Input Tax Credit of IGST, CGST and SGST of earlier months would be reflected in the E-Credit Ledger of a registered dealer on GST Common Portal. This amount is used to calculate the payment for output tax.
  • Inward Supplies received – Tax Invoice issued to a buyer when they make a purchase reflects the amount of IGST or CGST & SGST charged. This is the Input Tax Credit that the buyer can claim towards payment of taxes on outward supplies made by him.

Input Tax Credit of IGST should be claimed first against Output IGST, the balance can then be claimed against Output CGST and then against Output SGST.

Input Tax Credit of CGST should be claimed first against Output CGST and then against Output IGST. It cannot be used for paying Output SGST.

Input Tax Credit of SGST shall be claimed first against Output SGST and then against Output IGST. It cannot be used for paying Output CGST.

To claim the Input Tax Credit the buyer should pay the supplier within 180 days from the date of issue of the invoice. Input Tax Credit calculated cannot be claimed:

  • On expiry of one year from the date of issue of tax invoice.
  • After filing of return for month of September of the next financial year.
  • After filing of Annual Return (due date: 31st December of next financial year).