RG 23 in old rule and PLA in new Cenvat credit are same ? Any one please clarify
Arun Kumar Singh
(GST Advocate)
(15203 Points)
Replied 02 May 2009
RG-23 is basically both accounting of raw material & capital goods receipt.
PLA is a personal leaser account. This is accounting of credit, debit & balance.
M.Kandasamy
(Officer-excise)
(27 Points)
Replied 06 May 2009
RG23 is meant for input and capital goods credit and debit account.
PLA is meant for Account current credit and debit account.
Old RG23A & C Part 1 & 2 fomats are not mandatory for input & Capital Goods. But we should keep input credit and Capital good credit accounts in our own way it should have all mandatory details like sl.no.,party name, credit, debit, raw material or capital good name Qty. etc.,
Receipts & Payments in Account current should be kept in the format of PLA. it is adviseable to keep the same old format but is not mandatory.
M.Kandasamy
manoj
(accountant)
(22 Points)
Replied 03 June 2009
sir please provide me the format of pla in excel
Kishor Darole
(Assistant Manager- Excise/Customs)
(343 Points)
Replied 21 November 2009
PLA is like our bank pass-book called as Personal Ledger account.
RG-23A Part-I, RG-23CPart-I - Accouting of Receipt details of Input & Capital goods.
RG-23A Part-II, RG-23CPart-II - Availement of Cenvat credit on Input (100%) & Capital goods(50%).
All these records now considered as Private Records.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
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