depre

If a company is not taking input vat credit, can it add it to cost of asset and take depreciation on it ?I read no depreciation can be claimed on input VAT but i feel its applicable only when company takes input vat credit seperately....Eg) 1,00,000 asset value and 4000 VAT ...Company not taking credit of input paid...commpany shows 104000 assett value and depreciation on it in depreciation schedule...itts correct no?