Pla information

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

10 March 2014 What is the meaning of PLA ?? Important information regarding That..

Anand Dad

Anand Dad (Expert)
Follow

10 March 2014 PLA Stands for Personal Ledger Account

Anand Dad

Anand Dad (Expert)
Follow

10 March 2014 Personal ledger Account is an account with the Central Government, which is utilized for payment of duty of excise. The account is credited when the sum is deposited into the treasury and debited on payment of excise duty. Each debit and credit entry should be made on separate lines and assigned a running serial number for the financial year. The PLA must be prepared in triplicate by writing with an indelible pencil and using double sided carbon.Original and duplicate copies of PLA shall be sent to the Central Excise Officer in chargealong with the monthly/quarterly return.
The assessee may make credit in the PLA by making cash payment into the treasury or authorised bank through TR-6 challan. Copy of each such challan shall be sent by the assessee to the Central Excise Officer along with the monthly/quarterly return.
No restrictions exist with regard to any minimum amount, which should necessarily remain in balance to the credit of an assessee in his PLA. With the monthly payment system, there should be enough credit at the time of payment of duty for the month.
Mutilations or erasures of entries once made in the PLA are not allowed. If any correction becomes necessary, the original entry should be scored out and attested by the assessee or his authorized agent.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2014 thank you for the reply.

Anand Dad

Anand Dad (Expert)
Follow

12 March 2014 u can simply use the thank you Icon to thank your experts

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now