How to Check Input Tax Credit in GST Portal?

Before I tell you how to check input tax credit in GST portal, I will explain Input Tax Credit in brief. Well, it is the tax already paid by an individual at the time of purchasing goods or services and which is available as a deduction from tax payable. GST utilizes three ledgers, namely electronic credit ledger, electronic liability register, and electronic cash ledger for tracking, calculating, and levying GST payments, credits, and liability. These three ledgers are maintained for taxpayers on the GST website and are accessible to the taxpayer. If you want to check the input tax credit (ITC) balance, then you will have to access the electronic credit ledger. How to Check my GST Input Tax Credit The Electronic Credit Ledger allows taxpayers to view the credit balance as on date as well as Blocked Credit Balance details and Provisional Credit Balance. Follow these steps if you want to know how to check input tax credit in GST portal: Visit the official GST portal

• Log in to the GST website using your credentials.
• Click on the “Services” button, then on “Ledgers”, and then on “Electronic Credit Ledger”.
• On the Electronic Credit Ledger page, you will be able to check the input tax credit balance as of today’s date as well as Blocked Credit Balance and Provisional Credit Balance.
• If you want to view the ITC balance for a particular period, then click on the “Electronic Credit Ledger” link, and choose the ‘From’ and ‘To’ dates.
• Finally, just tap on “Go” to get the required details.

I hope now you know how to check input tax credit in GST portal. Read more: How to claim input credit under GST? How to change email id in GST portal? How to file GSTR 3B online? How to file GST return online step by step? This is all on how to check input tax credit in GST portal.

Here is the complete process for

how to check GST input in GST portal

.

• Visit the official Goods and Services Tax (GST) portal at

  https://www.gst.gov.in/

  .

• Log in to your GST account using your credentials.

• Click on the "Services" tab in the top menu.

• Under the "Services" menu, select the "Returns" option.

• On the "Returns" page, you will see a "Returns Dashboard" option. Click on it.

• Select the financial year for which you want to check the Input Tax Credit (ITC).

• Locate the "GSTR-2A" tile, which represents the auto-generated return based on your suppliers' filings.

• Within GSTR-2A, you will find details of the invoices submitted by your suppliers. Review the invoices and ensure that they match your records.

• If you need to download the ITC details for your records, you can do so by clicking the "Download" button.

If your Input Tax Credit is wrongly claimed, then refund an incorrect input tax credit claim by depositing that sum in the upcoming month. This is

how to see input credit in GST portal

.

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Here is the step by step guide

how to check input credit in GST portal

:

• Visit the official GST portal (

  https://www.gst.gov.in/

  ).

• Enter your GSTIN and password.

• After logging in, click on the "Services" tab in the main menu.

• Select "Returns.

• Depending on whether you are filing GSTR-1, GSTR-3B, or any other return, choose the relevant return form.

• Choose the appropriate tax period for which you want to check your Input Tax Credit.

• In the selected return form, enter the relevant information, including eligible ITC.

• Once you have validated and saved the return, you can submit it.

• Go back to the dashboard, click on the "View" button as final steps on

  how to see ITC in GST portal

• You should be able to see details of the ITC available in your GST account, including the ITC balance.

This is

how to check GST input tax credit

.

 

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The term "Input Tax Credit" (ITC) refers to the ability to deduct the tax you have previously paid on inputs while filing your output tax return and pay the remaining balance. If you have queries on how to check GST credit in GST portal, then you must follow the steps as mentioned by Sarthak. As a business owner, I have also referred to his methods for checking out my ITC from the GST portal.

How to check ITC balance in GST portal?

You must use your username and password to check in to the GST portal and refer to the steps provided by Sarthka above. All of the invoices uploaded by the suppliers during that time will have their details displayed on the portal. Let’s check out the conditions under which you can claim ITC:

• The dealer should have a tax invoice.

• The business products or services were obtained.

• In accordance with Section 39 of the GST Act, you were required to file the returns.

• The supplier must have already paid the tax that was charged by the Government.

• When products are delivered in installments, ITC can only be claimed after the delivery of the final lot.

• If depreciation has been claimed on the capital good’s tax component, no ITC will be permitted.

If you are thinking of how to check available ITC in GST portal, then you must refer to the process explained by Bajwa Manjeet. Business owners can effectively check their input tax credit on the GST site and maintain compliance with tax regulations by following these steps. I hope you get an idea of how to check ITC availed in GST portal.

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The electronic credit ledger, electronic liability register, and electronic cash ledger are the three ledgers. GST uses these to track, compute, and levy GST payments, credits, and liabilities. You must visit the computerised credit ledger (ITC) to view the input tax credit balance. So if you want to know how to check ITC in GST portal, keep reading.

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How to check GST input credit?

• Check out the GST website and use valid login information.

• Choose the Electronic Cash Ledger under Services Ledgers.

• The page for the electronic cash ledger appears. Under the Cash balance by a date column are cash balances.

• Choose Electronic Cash Ledger from the menu.

• Choose the From and To dates to examine the electronic cash ledger. Press the GO key.

• Now you know how to check input in GST portal?

How to do a GST credit check ITC 04?

Form ITC-04 for GST is created by manufacturers. It details the exact inputs or capital goods sent to or obtained from a job worker over a quarter. The 25th of the month after the quarter is the due date for GST ITC-04 submissions.  There are no late fees with GST ITC - 04 returns. The manufacturer's ITC will suffer if he forgets to submit the item's information.

Follow the steps to check ITC-04:

• Login into the GST website.

• Select Service on the dashboard.

• ITC Forms can be found in the sub-menu after selecting Returns.

• Choose the GST ITC-04 form and fill it out either online or offline.

Now you know how to check ITC in GST portal.

Read More: What is an input tax credit in GST? What is an input tax credit?