GST Return Calculator

## What is the GST Return Calculator? The GST Return Calculator helps businesses in India calculate their monthly GST liability under GSTR-3B. It computes the output GST you need to collect from customers on your sales, subtracts the input tax credit (GST paid on purchases), and tells you the net GST payable to the government. ## Formula Used Net GST Payable = Output GST - Input Tax Credit Output GST = Sales (Excluding GST) x GST Rate Input Tax Credit = Purchases (Excluding GST) x GST Rate Note: Input tax credit can only be used to set off output GST of the same tax type (CGST vs SGST/UTGST or IGST). Inter-state sales use IGST which can be used against any GST type. ## Worked Example Intra-state sales: Rs 5,00,000 (18% GST: Rs 90,000) Inter-state sales: Rs 3,00,000 (18% IGST: Rs 54,000) Intra-state purchases: Rs 2,00,000 (18% GST credit: Rs 36,000) Inter-state purchases: Rs 1,00,000 (18% IGST credit: Rs 18,000) Total output GST = Rs 90,000 (CGST Rs 45,000 + SGST Rs 45,000) + Rs 54,000 IGST = Rs 1,44,000 Total ITC = Rs 36,000 + Rs 18,000 = Rs 54,000 Net CGST payable = Rs 45,000 - Rs 36,000 = Rs 9,000 Net IGST payable = Rs 54,000 - Rs 18,000 = Rs 36,000 Net GST payable = Rs 45,000 + Rs 36,000 = Rs 81,000 ## Frequently Asked Questions 1. What are the different GST return forms I need to file? Regular businesses file: GSTR-1 (outward supplies, monthly/quarterly), GSTR-3B (summary return with tax payment, monthly), and GSTR-9 (annual return). Composition dealers file GSTR-4 quarterly. 2. What is input tax credit in GST? Input Tax Credit (ITC) allows you to reduce the GST you owe by the GST you paid on purchases. For example, if you collected Rs 18,000 GST on sales but paid Rs 12,000 GST on purchases, you only pay Rs 6,000 to the government. 3. Can I claim ITC on all my business purchases? No. ITC is NOT available on: personal use items, motor vehicles (with some exceptions), goods/services for exempt supplies, membership of clubs/healthcare, travel benefits to employees, and goods lost/stolen. 4. What happens if I file GST returns late? Late filing fee: Rs 50/day (Rs 25 CGST + Rs 25 SGST) under GSTR-3B for each day of delay, subject to a maximum of Rs 10,000. Interest on late payment: 18% p.a. on the tax payable. 5. What is the QRMP scheme in GST? QRMP (Quarterly Return Monthly Payment) scheme is for taxpayers with turnover up to Rs 5 crore who opt to file GSTR-1 quarterly but pay GST monthly.