Rule 43 of GST Act for ITC Reversal 5%

Mohanraj J (1178 Points)

11 May 2020  
Dear Friends, Anyone can assist me the below points;

1) If you capitalise including gst portion and claim depreciation on that you are not entitled to input credit
2) If you don’t capitalise the gst portion you can credit the total amount to the electronic credit ledger.
Can you please give me the reference to the gst act or rules for 5% reversal