Please do not get confused. Decryption != Decoding.
This is a very important difference.
"encrypted" data is meant to be a secret. It can only be "decrypted" using a special key (depending on the crypto algorithm, "key" can take different forms). Example of such algorithms are RC4, AES etc
"encoded" data is not meant to be a secret (some people may use it wrongly as a secret). It can easily be "decoded" as long as you know the "encoding" method (e.g. Base64).
Viewstate is always Base64 encoded. Any Base64 decoder (such as the one in Burp or many other resource online) can decode it
Sometimes, Viewstate is also "encrypted". Burp CANNOT decrypt this value. In fact, Burp will show a message saying it cannot do so. If Burp is showing data in the "Viewstate" tab, you can safely assume that there has been no encryption.
Hope this clarifies things
Regards
Sandesh