Calculate your Input Tax Credit, output GST liability, and net amount payable or refundable.
Output GST (Sales)
Input Tax Credit (Purchases)
GST amount paid on goods purchases
GST amount paid on service invoices
Machines, equipment, etc.
Motor vehicles, food, club membership, etc.
Net GST Payable
₹0
Output GST (Liability)
Input Tax Credit
Net Position
Common Blocked Credits (Section 17(5))
Motor vehicles for personal use, food & beverages, beauty treatment, health services, club membership, rent-a-cab, works contract for immovable property. These cannot be claimed as ITC.
Frequently Asked Questions
What is Input Tax Credit (ITC)? ▾
ITC allows businesses to reduce their output GST liability by the GST already paid on purchases (inputs). You pay GST only on the value added, not on the full sale price.
What are blocked credits under GST? ▾
Section 17(5) lists inputs on which ITC cannot be claimed. These include motor vehicles (for non-business use), food, beverages, club memberships, beauty treatments, and works contracts for construction of immovable property.
What happens if ITC is more than output GST? ▾
The excess ITC can be carried forward to the next month. If it persists (e.g. for exporters or inverted duty structure), you can apply for a GST refund.
Can I claim ITC on capital goods? ▾
Yes. ITC on capital goods like machinery and equipment is allowed in full in the year of purchase (unless the goods are also used for exempt supplies, in which case proportionate reversal is required).