Rule 43 of GST Act for ITC Reversal 5%

Sir..

For Eg: Basic value = 100 + GST = 18 - Invoice value = 118

1. When you capitalise including GST - Amount capitalised = 118

Depreciation is allowed on 118 and ITC cannot be availed on 18. 

2. When you capitalise excluding GST - Amount capitalised = 100

Depreciation can be taken on 100 + ITC can be availed for Rs. 18.

Applicability of Rule 43:

It is applicable only when the capital goods are used partly for business and partly for non-business/exempted supplies - ITC to be reversed as per the formula to the extent of exempted supplies..

This Rule is not applicable for the context of your query..