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manish kumar
C.A
[ Scorecard : 56]
Posted On 25 November 2008 at 20:59 Report Abuse

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Dear

Whether any minimum amount is kept in PLA current accounts


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ca.ramakrishna
Chartered Accountant
[ Scorecard : 285]
Posted On 25 November 2008 at 22:25

hi ther is no minimum balance requirement.. only thing it should not be in negetive which means taking a credit which is not actually paid



sanjeev
govt. Emloyee
[ Scorecard : 456]
Posted On 26 November 2008 at 07:10

No minimum balance is required in PLA, on receipt  and acceptance of exciseable inputs required for production of Final excisable output we can take credit on receipt basis.But there should not be Negative balance in RG 23A part11.



Rajat Kedia ACA CS MCOM
Assistant Manager
[ Scorecard : 609]
Posted On 26 November 2008 at 09:18

thy are correct



Ram kr.
Service
[ Scorecard : 247]
Posted On 26 November 2008 at 22:12

There is no need to maintain minimum balance in pla account but you should take care your availabe balance. it should not be lower then duty liability.






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