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GST disallow and Capitalising of asset

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Hello friends in year fy 23-24 we have purchased FA of which certain FA GST has been disallowed. so we decide to capitalise the GST amount with asset. so I'm that case which entry has to be passed for GST disallow, for Capitalising of asset and whether depreciation can be claimed as we have already paid to the party. reply on above query is awaited.
Replies (2)

For Immovable Assets, GST input credit is not allowed. When fixed assets are purchased, GST is paid, and depreciation must be calculated on the total cost, including GST.

Hello Bhavesh ji

1. Dr Fixed Asset Cr Input tax credit
2. Depreciation can be claimed since you have not taken ITC ( since its disallowed )


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