GST Suite
Calculate your GST Input Tax Credit (ITC).
Calculate your eligible Input Tax Credit (ITC) under GST. Find how much GST paid on purchases can be offset against your output GST liability - free calculator.
Input Tax Credit (ITC)
Purpose
Calculates the GST already paid on business purchases.
Formula
Input Tax Credit = (Purchase Value × GST Rate) ÷ 100What is Input Tax Credit (ITC)?
The Input Tax Credit (ITC) Calculator determines how much tax you can claim back against your GST liability based on the taxes you paid on business purchases.
Worked Example
You collected ₹50,000 in GST from sales. You paid ₹30,000 in GST on raw materials. Your net GST liability to the government is ₹50,000 - ₹30,000 (ITC) = ₹20,000.
When to Use This
Use this at the end of the month before filing GSTR-3B to ensure you don't overpay the government.
Why Use This Tool?
Many professionals struggle with manual tasks and complex calculations that eat up hours of their day. By automating these processes with the Input Tax Credit (ITC) Calculator, you free up valuable time to focus on strategic, high-impact work. Furthermore, our system ensures consistency and accuracy, eliminating the human error that often accompanies repetitive manual formatting or financial calculations.
We understand that privacy and security are paramount. Rest assured that when you use our platform, your data is processed securely. We do not permanently store your personal inputs or generated financial outputs beyond your active session, ensuring your sensitive professional information remains entirely yours.
Frequently Asked Questions
What is Input Tax Credit (ITC) in GST?
ITC allows businesses to deduct the GST they paid on inputs (purchases) from the GST they collect on outputs (sales). This avoids double taxation and reduces net GST liability.