Depreciation on Vehicle GST effect

When you are Capitalising an Asset in the books of accounts, you are not including GST in the Cost of an asset , for example when purchase Asset you will pass following entry.

Vehicle A/c Dr
Input CGST A/c Dr
Input SGST A/c Dr
To Trade Creditors A/c Cr
( purchase of an Asset)

So Asset will be under Non Current Asset , and Input GST will be under Current Asset , So in this case you are going to Calculate Depreciation only on Cost of an asset excluding GST .

( As per IND16 we include only taxes that are non refundable in the Cost of an asset while Capitalising it)

Take more Opinion on this.

Yes I agreed with Mr Prasad.

@ Mr Kishore,

You claimed ITC then You can't include the GST in asset.
So, depreciation provide only the addressable value of asset.

I guess GST will not be included in depreciation. My ACCA P6 sir told me this.