How to take fixed asset such as machinery

i think availing ITC is more beneficial as compared to claiming depreciation on gst

can you please give me an example

Yes.... I agreed to Mr Pankaj Rawat's view....


Bcoz,
ITC will be immediate effect to set off liability. Also basic value will fall depreciation...


If purchase a machinery and ITC Rs. 18000...

You can take Rs 18k in the same month of purchase.
In case it's fall under depreciation then You just take 15%*** in the end of the year as expenditure head...