🧮 Tax Credit Calculator
GST Input Tax Credit (ITC) Calculator
Enter your output GST collected and ITC available across categories. Instantly compute net GST payable or ITC carry-forward balance.
📤 Output GST (Collected on Sales)
Total Output Tax ₹0.00
📥 ITC Available (Paid on Purchases)
Machinery, equipment, furniture
Raw materials, stock, goods purchased
Consulting, telecom, cloud, rent
Total ITC Available ₹0.00
Calculation Result
Total Output GST
₹0.00
Total ITC
₹0.00
Net GST Payable
₹0.00
ITC Breakdown
📌 Important: ITC Matching Rule
Under GST rules, ITC can be claimed only to the extent reflected in your GSTR-2B (auto-populated from supplier returns). If a supplier hasn't filed their return, their invoice won't appear in your GSTR-2B and you cannot claim ITC on it until they file.
Frequently Asked Questions
What is Input Tax Credit (ITC)?
ITC is the GST paid on your business purchases (inputs, input services, capital goods). You can deduct this from the GST you have collected on your sales. Only the net amount (Output GST – ITC) is payable to the government.
What types of ITC can a business claim?
ITC is broadly categorised as: (1) Inputs — raw materials and goods used in manufacturing or trading; (2) Input Services — services used for business; (3) Capital Goods — machinery and equipment. Each has slightly different rules for when and how ITC can be claimed.
What is the 80% ITC matching rule?
Under GST, a taxpayer can claim ITC only to the extent it is reflected in their GSTR-2B (auto-populated from supplier GSTR-1 filings). If your supplier hasn't filed their GSTR-1, you temporarily cannot claim full ITC. This is the "invoice matching" mechanism.
Can ITC be carried forward?
Yes. If your ITC exceeds your output tax liability in a period, the excess ITC is carried forward to the next period. It cannot be refunded in most cases (except exporters and inverted duty structure).
Are there any purchases on which ITC cannot be claimed?
Yes. ITC is blocked for personal use, motor vehicles (with exceptions), food and beverages, club memberships, construction of immovable property, and certain other categories under Section 17(5) of CGST Act.