Refund or transfer of pla balance

1865 views 1 replies

Dhanalaxmi

Accounts Executive

30 Points Joined February 2015

We have a balance around 3.5 lakhs in our PLA a/c and forgot to claim for refund. Now the time limit also crossed to claim refund.

Then what is the procedure to claim for refund ? Can we transfer the PLA balance to our GST Cash ledger ? Or can we transfer it to our Other branch PLA A/c ?

Kindly give the solution.

Replies (1)

vipin jain

Chartered Accountant

22 Points Joined May 2008

Hi,

You can claim the refund. However, it may happen they deny the same on account of 1 year limitation but refund can be claimed and one year limitation will not apply in this case.

CA. Vipin Jain