Depreciation applicable for vat?

if you could take the input credit for the asset vat amount will not form part of cost of fixed assets 

Depreciation is all about splitting the Total Capitalised Amount over a number of years.

If you have not capitalised the VAT amount, then you obviously cannot take depreciation.  [eg. Whn you have taken input tax credit of VAT paid on capital goods, you cannot capitalise such VAT]