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GST Payment and Input Tax Credit Calculator


Tax Payable*(other than reverse charge)
IGST
CGST
SGST
 
Input Tax Credit*(other than reverse charge including tax credit carried forward from previous month)
IGST
CGST
SGST
 
Reverse Charge*
IGST
CGST
SGST
 
RESULTS
 
IGST
 
Tax Payable
 
Less: Input Tax Credit of IGST from IGST CGST from CGST and SGST from SGST
 
Gross Tax Payable
 
Input Tax Credit Remaining
 
Credit of IGST used for CGST
-
 
Credit of IGST used for SGST
-
 
Credit of CGST used
 
Credit of SGST used
 
Tax Payable
 
Input Tax Credit to be carried forward
 
 
CGST
 
Tax Payable
 
Less: Input Tax Credit of IGST from IGST CGST from CGST and SGST from SGST
 
Gross Tax Payable
 
Input Tax Credit Remaining
 
Credit of IGST used for CGST
 
Credit of IGST used for SGST
-
 
Credit of CGST used
-
 
Credit of SGST used
-
 
Tax Payable
 
Input Tax Credit to be carried forward
 
 
SGST
 
Tax Payable
 
Less: Input Tax Credit of IGST from IGST CGST from CGST and SGST from SGST
 
Gross Tax Payable
 
Input Tax Credit Remaining
 
Credit of IGST used for CGST
-
 
Credit of IGST used for SGST
 
Credit of CGST used
-
 
Credit of SGST used
-
 
Tax Payable
 
Input Tax Credit to be carried forward
 



Payment for reverse charge is to be made in cash only. Input of such tax is however available immediately. Therefore it is added in Input tax credit above but added as tax payable in a separate row at end. In other words deduction of ITC available can not be made from Reverse charge payable.

For businesses in Union Territories, UTGST will apply in place of SGST. In above calculator treat SGST as UTGST and all working is same.

This calculator can be used for calculating the tax payable under CGST, IGST and SGST and also for calculating Input tax credit which is allowed in all scenarios. The input tax credit to be carried forward to next month/quarter will be showed at the end.

Amount of Input Tax Credit on account of IGST shall first be utilized for the payment of IGST then for payment of CGST and then for payment of SGST or UTGST.

Amount of Input Tax Credit on account of CGST shall first be utilized for the payment of CGST then for payment of IGST. Such amount can not be used for payment of SGST or UTGST.

Amount of Input Tax Credit on account of SGST or UTGST shall first be utilized for the payment of SGST or UTGST then for payment of IGST. Such amount can not be used for payment of CGST.

In other words, there is only one restriction i.e  ITC of CGST and SGST can not be set off with each other.

Read about provision regarding input tax credit here – Input Tax Credit (ITC) under GST and provision regarding payment here – GST Payment and Interest on Late Payment

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