what entries are required to be passed in pla? explain with an example.
Saurabh Toshniwal (ca final) (2358 Points)
08 June 2013what entries are required to be passed in pla? explain with an example.
CA Riswa Parekh
(Practicing)
(1591 Points)
Replied 15 June 2013
Every invoice entry for which you avail CENVAT credit and you utilize the credit is to be entered in PLA account. Also challan paid is entered in PLA account.
Each credit and debit 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 indelible pencil and using double-sided carbon - original and duplicate copies of the PLA should be detached by the manufacturers and sent to the Central Excise Officer in charge along with the monthly/quarterly periodical return in form E.R.1.
satya
(Executive Excise)
(1839 Points)
Replied 18 June 2013
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
