Calculate net GST payable after Input Tax Credit
Cash Ledger Info:Negative values indicate ITC refund eligibility under GST law. Consult your CA for refund filing.
GSTR-3Bis the monthly GST return that all registered taxpayers must file. It contains the following key sections:
Filing Due Date:The 20th of the following month. Example: For February sales, filing is due by March 20th.
Late Fee:₹50 per day for delay (max ₹10,000) if there's tax liability; ₹20/day (max ₹10,000) if NIL return.
Important:This calculator provides estimates. Always verify with official forms and consult your Chartered Accountant.
GSTR-3B is the monthly return filed by all registered GST taxpayers. It provides details of Output Tax, ITC, and net tax payable. All GST-registered persons are required to file GSTR-3B by the 20th of the following month unless they're eligible for quarterly or annual filing.
ITC is the GST paid on purchases of goods and services used in making taxable supplies. Businesses can claim this credit to reduce their GST liability. ITC is available on purchases where the seller is GST-registered and the invoice shows the GST amount.
Yes, under the GST law, ITC can be set off across different tax heads in a specific order: (1) IGST against IGST, then against CGST and SGST; (2) CGST against CGST, then against SGST; (3) SGST against SGST. This flexibility helps reduce overall tax liability.
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