GST calculator · Section 50(3) and Rule 88B(3)
ITC Interest Calculator: Section 50(3) and Rule 88B(3)
Estimate interest on input tax credit wrongly availed and utilised, using the amount and the dates of utilisation and reversal or payment. The result depends on the credit having been utilised.
Working estimate, not a determination. Check the facts, applicable notification and current legal position before relying on a calculated date or amount.
Interest on credit wrongly availed
Legal basis: Section 50(3), Rule 88B(3) and the applicable historical rate position. Review date: 19 October 2026.
Section 50(3) with Rule 88B(3)
Interest runs only where the credit was utilised, and only for the period it stayed utilised.
Days
0
Interest
₹0
Total with tax
₹0
Credit taken and reversed without being utilised
attracts no interest. Rule 88B(3). The rate was 24% until Section 50(3) was
substituted with retrospective effect from 01.07.2017; see the history below.
Section 50(3) ITC interest working paper
Inputs will appear here after the calculation runs.