GST Set-Off Calculator

GST Set-Off Calculator

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GST Set-Off Calculator

IGST CGST SGST
Output Tax Payable
Available ITC

GST Set-Off Calculator: Optimize Your Input Tax Credit (ITC) Instantly!

GST (Goods and Services Tax) is India’s unified indirect tax system, and understanding how to set off your Input Tax Credit (ITC) correctly can make a big difference to your business’s cash flow. Use our GST Set-Off Calculator below to instantly optimize your ITC utilization and minimize your cash outflow—completely free!

What is GST Set-Off?

GST set-off is the process of adjusting your available Input Tax Credit (ITC) against your output GST liabilities. By doing this, you pay only the net GST amount in cash after using up your eligible credits. This process is crucial for every GST-registered business in India.

Why is ITC Optimization Important?

  • Minimize cash outflow: Use your credits first and pay less in cash.
  • Stay compliant: Correct set-off order ensures you follow GST law and avoid penalties.
  • Boost cash flow: More working capital remains in your business.

How Does GST ITC Set-Off Work?

The GST law prescribes a set hierarchy for ITC utilization:

  1. IGST ITC must be fully utilized first—against IGST, then CGST and SGST liabilities.
  2. CGST ITC is then used—first for CGST, then for IGST.
  3. SGST ITC is used—first for SGST, then for IGST.
  4. Note: CGST ITC cannot be used for SGST liability and vice versa.

Example of GST ITC Set-Off

Suppose your liabilities and ITC balances are:

  • IGST Liability: ₹10,000
  • CGST Liability: ₹5,000
  • SGST Liability: ₹5,000
  • IGST ITC: ₹8,000
  • CGST ITC: ₹4,000
  • SGST ITC: ₹3,000
The set-off will be applied in the correct order, and your cash payable will be minimized. Calculating this manually can be time-consuming and error-prone. That’s where our calculator helps!

GST Set-Off Calculator: Instantly Optimize Your ITC

Use the tool below to:

  • Enter your GST liabilities and available ITC.
  • Get an instant, step-by-step set-off calculation as per the latest GST rules.
  • See your remaining ITC balances and cash payable at a glance.

Key Features of Our GST Set-Off Calculator

  • Accurate ITC Utilization: Follows the latest GST set-off hierarchy.
  • Tabular Results: View output tax, ITC adjustments, and cash payable in a clear table.
  • ITC Balance Display: Instantly see your ITC balance after adjustment.
  • User-Friendly Design: Attractive, mobile-friendly layout.
  • No login or signup required!

Frequently Asked Questions (FAQ)

Who should use a GST Set-Off Calculator?

Any GST-registered business, accountant, or tax consultant who wants to optimize ITC utilization and minimize cash payment should use this tool.

Does this calculator follow the latest GST rules?

Yes! The calculator uses the current GST set-off hierarchy as per Section 49A, 49B, and Rule 88A of the CGST Act.

Can I use this for GSTR-3B filing?

Absolutely! This tool is designed to help you prepare your GST payment and ITC utilization for monthly returns.

Final Thoughts

Proper GST ITC set-off is essential for every business to maximize tax credit benefits and minimize cash payments.
Use our GST Set-Off Calculator above to ensure you’re always compliant and efficient!
Bookmark this page for quick access every GST filing cycle.

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