Machinery purchased Rs 1,00,000+ GST 18% Rs 18,000 (total Value 1,18,000), Now we added the GST and capitalised the same with machinery account (i.e not availing the ITC and charging depreciation). do we need to show this as Reversal of ITC others,or ineligible

Reply:-  As per section 16 (3) of CGST Act- Where the registered person has claimed depreciation on the tax component of the cost of capital goods and plant and machinery under the provisions of the Income-tax Act, 1961, the input tax credit on the said tax component shall not be allowed.

In case you have availed ITC on such capital goods, then you have to reverse the ITC availed on the machinery alongwith Interest.