Option 1 – ITC Available
| Particulars | Applicable GST Rate % | Amount before GST | GST Amount | Total Amount |
|---|---|---|---|---|
| Revenue | ||||
| Revenue | – | – | ||
| Cost of Goods Sold | ||||
| Inputs & Services | – | – | ||
| Inputs & Services | – | – | ||
| Inputs & Services | – | – | ||
| Inputs & Services | – | – | ||
| Total | – | – | – | |
| Net Margin | – | – | ||
Option 2 – ITC not Available
| Particulars | Applicable GST Rate % | Amount before GST | GST Amount | Total Amount |
|---|---|---|---|---|
| Revenue | ||||
| Revenue | – | – | ||
| Cost of Goods Sold | ||||
| Inputs & Services | – | – | ||
| Inputs & Services | – | – | ||
| Inputs & Services | – | – | ||
| Inputs & Services | – | – | ||
| Total | – | – | – | |
| Net Margin | – | – | ||
How to Use the GST Rate with ITC or Without ITC Calculator
This calculator is built to help you compare GST Rate with ITC or Without ITC. Please follow these steps carefully:
Enter your current sales price – This is the price at which you are presently selling your goods or services.
Enter your current Cost of Goods Sold (COGS) – Take the figures from your own books of accounts.
Break down your COGS into GST rate-wise components –
If GST input is available on an item, enter it against the correct GST rate (e.g., 5%, 12%, 18%).
If GST input is not available on some items, enter that portion under the 0% GST column.
Choose your scenario –
Keep Selling Price the same – see how your margin changes.
Keep Margin % the same – adjust selling price accordingly.
Pass GST benefit to customers – reduce price and check impact.
Custom price – test your own pricing strategy.
View results – The calculator compares both options (with ITC vs without ITC) and shows the difference in:
Final price to customer
Your profit margin
Compliance impact under Anti-Profiteering rules
Assumptions of the Calculator
The calculator assumes that all input GST entered under rate-wise COGS is fully available for credit.
The calculator assumes that the same COGS components in both the options. If there is any change in COGS components in option 2 please edit the values.
No partial credit, blocked credit, or exemptions have been considered.
You can include the GST Rate wise Indirect Costs also while doing this analysis for better results.
Results are indicative only and depend on accuracy of data entered.
FAQs: GST Rate with ITC or Without ITC Calculator
Q1. What inputs do I need to use this calculator?
You need your current sales price, cost of goods sold (COGS), and GST rate-wise breakup of COGS.
Q2. What if I don’t know the GST breakup of my COGS?
Check your purchase invoices or accounting records. If unsure, consult your accountant. If input credit is not available on some costs, put them under the 0% GST column.
Q3. Can I include overhead expenses in the calculator?
Yes, if you can include in the GST ratewise figures to test the impact. But make sure to classify them under the correct GST rate or 0% if no ITC is available.
Q4. Does the calculator guarantee the correct tax treatment?
No. The tool works on the data you enter and applies general GST logic. Specific tax positions may differ case by case.
Disclaimer
This GST Rate with ITC or Without ITC Calculator is for informational purposes only. It is a simplified tool to help businesses understand possible impacts of ITC availability on pricing and margins. The calculations are based entirely on the data provided by the user and general GST rules. Results should not be taken as professional advice. For compliance, tax positions, and documentation under the GST Anti-Profiteering provisions, please consult your Chartered Accountant or tax advisor.
Also Read
Also read our blog posts relating to GST Rate With ITC or Without ITC – How to Choose.