GST resources
Input tax credit, without losing any.
ITC lets you reduce the GST you owe by the GST you already paid to suppliers. It is where careful record-keeping pays for itself.
Conditions
- You hold a valid tax invoice
- You received the goods or services
- The supplier filed and paid the tax
- You filed your return
- The purchase is for business
Blocked credits
- Motor vehicles (with exceptions)
- Food, beverages, club memberships
- Personal consumption
- Goods lost, stolen or given as gifts
Set-off order
IGST credit first, then CGST against CGST/IGST and SGST against SGST/IGST.
How TripleBill helps
Supplier bills and expenses in TripleBill record the GST you paid as input credit, which the GSTR-3B summary nets against output tax.
This page is general information about GST in India, not tax advice. Rates, thresholds and rules change; confirm with the GST portal or a chartered accountant before acting.
Frequently asked questions
Where does ITC appear in TripleBill?+
In the GST input credit account, the GSTR-2 inward supplies report and the GSTR-3B summary.
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