Tag Archives: PLA

GST Notice for transferring personal ledger accounts (PLAs) Balance to GST as transitional credit

By | June 27, 2018

Transferring personal ledger accounts (PLAs) Balance to GST transitional credit The government has sent notices to companies for “wrongly” claiming transitional credit under GST, a move contested by these entities. Under the pre-GST regime, companies had personal ledger accounts (PLAs) to pay their excise duties. Under GST, they do not require PLAs. They have, instead, transferred their credits in PLAs to TRANS-1, a form… Read More »