pla vs cenvat account

[Former Member]

hi,

may i know what is the difference of personal ledger account and cenvat account?

pla = A bank account, in India, that businesses use solely for the purpose of remitting excise duty to the excise authorities.

When you are due to remit excise duty, you transfer the appropriate sum to the personal ledger account, from where it is deducted by the authorities.

cenvat = A procedure whereby businesses (for example, in India) can offset excise duty on inputs against excise duty on outputs.

for example part II shows the amounts of excise duty on the materials, and how much you have transferred to the CENVAT ACCOUNTS

thx

[Former Member]

Hi Eliana

What is your question ?

You wanted to know diff between PLA and CENVAT but seems you already knowit.

Thanks

Ashok

[Former Member]

hi,

i would like to know of is that this pla account is gl account right? what about cenvat account?

thx

[Former Member]

HELLO,

THE PLA A/C THAT U ARE TALKING ABOUT IS EXCISE REGISTER GL A/C IE PLA ON HOLD A/C.

CENVAT A/C IS MODVAT CLEARING A/C U CAN SEE IT IN CIN

PLEASE RWWARD POINTS

[Former Member]

hi,

you mean pla account is excise register g/l account or pla on hold acc? what is this pla on hold?

cenvat account is just a clearing account?

thanks