rules for claim of ITC and depreciation in income tax

prasad (consultation) (38 Points)

19 September 2018  
X is a contractor and he registered under GST. Now he purchased a JCB for his works on which he paid GST at time of purchase. Can he avail GST paid as input and which value of vehicle (net price or gross with GST) will be taken in income tax for depreaciation purpose.