PLA AND PLA HOLD

[Former Member]

HI,

Sap Guru's

what is PLA AND PLA HOLD ACCOUNT

WHAT IS the process in that

with regards

Arun Kumar

[Former Member]

Hi Arun ,

PLA IS PERSONAL LEDGER ACCOUNT

PLA HOLD IS PERSONNEL LEDGER HOLDING ACCOUNT.

These above mentioned accounts are perssonal ledger accounts for central excise,tax departments.

Best Rgds

ManiKumar

[Former Member]

Arun

PLA - Personal Ledger Account

This is used for TR6 challan posting with PLA register updating.

You follow this procedure to make a posting when you transfer money to your personal ledger account (PLA) and to update the PLA Register. When you post Financial Accounting Document system shall not update the PLA Register. Hence while posting Financial Accounting post PLA to a clearing account i.e. PLA on Hold account. When you update the TR6 Challan updation process system will update the PLA Register and PLA account and reverse the PLA on Hold Account.

[Former Member]

PLA is Personal Ledger Account. It is used for payment of Excist tax liability by depositing amount into that account.

PLA on hold account is used as a temporary account for posting the money transfer to your PLA account. when you post a journal voucher, it will get debited to your PLA on hold account and later on through Tcode J1IH, you can allocate the amount posted in the on-hold account to different tax payable components like basic duty, cess, etc.