PLA & RG 23 Part I & II

RG-23 is basically both accounting of raw material & capital goods receipt.

PLA is a personal leaser account. This is accounting of credit, debit & balance.

RG23 is meant for input and capital goods credit and debit account.

PLA is meant for Account current credit and debit account.

Old RG23A & C Part 1 & 2 fomats are not mandatory for input  & Capital Goods.  But we should keep input credit  and Capital good credit accounts in our own way it should have all mandatory details like sl.no.,party name, credit, debit,  raw material or capital good name Qty. etc.,

Receipts & Payments  in Account current should be kept in the format of PLA. it is adviseable to keep the same old format but is not mandatory.

M.Kandasamy

sir please provide me the format of pla in excel

PLA is like our bank pass-book called as Personal Ledger account.

RG-23A Part-I, RG-23CPart-I - Accouting of Receipt details of Input & Capital goods.

RG-23A Part-II, RG-23CPart-II - Availement of Cenvat credit on Input (100%) & Capital goods(50%).

All these records now considered as Private Records.