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Home > Tax Tools & Calculators > GST Liability and Input Tax Credit (ITC) Calculator
The GST Liability and Input Tax Credit (ITC) Calculator helps businesses estimate their total GST liability, utilise eligible input tax credits, calculate the net GST payable in cash, and determine the closing unutilised ITC balance based on applicable GST rules.
Use the EZTax GST Liability and Input Tax Credit (ITC) Calculator to estimate your available ITC, credit utilisation, and remaining GST liability.
A GST Liability and Input Tax Credit (ITC) Calculator helps estimate how eligible IGST, CGST, and SGST/UTGST credits can offset output GST liabilities and determine the remaining amount payable in cash.
Enter your output tax liabilities and available ITC balances for IGST, CGST, and SGST/UTGST. The calculator estimates credit utilisation according to the applicable GST set-off rules.
You need to enter the output IGST, CGST, and SGST/UTGST liabilities, along with the available IGST, CGST, and SGST/UTGST input tax credit balances.
IGST credit must first be used against IGST liability. Any remaining IGST credit can be used against CGST and SGST/UTGST liabilities in either order, subject to applicable GST rules.
No. CGST credit cannot be used to pay SGST/UTGST liability, and SGST/UTGST credit cannot be used to pay CGST liability.
Cash payable is generally the remaining GST liability after eligible input tax credits have been utilised. Other applicable payments, such as interest or late fees, may be additional.
The closing ITC balance is the input tax credit remaining after eligible credits have been applied against the output GST liabilities.
No. The calculator estimates credit utilisation based on the balances entered. Actual ITC eligibility depends on GST law, documentation, return requirements, and applicable restrictions.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.