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 calculates how much GST paid on business purchases can be offset against output tax collected on sales, determining net tax savings.
How It Works
Worked Example
Your agency collected ₹50,000 in GST from clients. You paid ₹30,000 in GST on laptops, software, and office supplies. Your net liability to the government is ₹50,000 − ₹30,000 = ₹20,000.
When to Use This
Calculate before submitting monthly GSTR-3B filings to verify cash ledger balance requirements.
Why Use This Tool?
Failing to reconcile your GSTR-2B input credit means paying tax twice on the same supply chain, directly depleting your operational working capital.
Data privacy is guaranteed: all calculations run directly in your browser session and are never stored or shared with external parties.
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.