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FINANCIAL

Hello

What is PLA & How it work in India

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    author's profile photo Former Member
    Former Member
    Posted on Jul 22, 2011 at 11:45 AM

    Hi Jaykumar........

    PLA(Personal Ledger Account):

    This is the ledger to be maintained by a manufacturer registered under the central Excise depart. Cash should be deposited in advance for goods manufactured and cleared under self assessment procedure. the amount that equals the amount of goods removed from the factory should be written off in that ledger from the advance amount paid.Its like a ledger amount paid ll be shown in the debit side and the excise duty of goods removed from the factory ll be shown in the credit side. a copy should be submitted to the department along with the return.

    In SAP B1 you have to deposit the amount in PLA which is utilized against the Excise (BED/Cess/HSCess) in case of Payable through Tax Payment Wizard.....

    Regards,

    Rahul

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  • Posted on Jul 22, 2011 at 09:52 AM

    Hi Jay,

    Check pla-account

    pla-account-and-cash-withdraw

    Thansk,

    neetu

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