Mvat input credit on plant & machinery


CA Final Student

I have opened new establishment so can I take 100% input credit on plant & machinery purchased for manufacturing purpose even though I have no vatable sales till date & also suggest me how should I take such input credit. Please give your answer with supportings (Rules & Sections as per Maharashtra vat act).

 
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Managing Partner

Also We want above question answer.

Please Help us.

 
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