Can anyone please explain about Personal Ledger Account (PLA) in the context of Central Excise ??
Why is it said that after the introduction of monthly payment system, PLA has become redundant except
in the month of March ??
Thanks in advance....
Menu
Excise doubt
Replies (2)
PLA is a mandatory one to maintain for every manufacturer. This is used to take credit of payment made through challan. Merely payment deposited in the bank through challan is not considered as duty payment until you debit the amount in PLA after taking credit. Balance amount can be used for another transaction as and when required.
Regards,
JMS
Has PLA now become redundant in any way ?
Recent Topics :
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
Related Topics :
CAclubindia
