have not file yet, Central Excise

[prateek samaiya]

What happens to credit in PLA ledger if TRAN 1 is not filled at all. Is there any to get this credit refunded?

Posts / Replies

[KASTURI SETHI]

TRANS-1 was not meant for carrying forward unused balance lying in PLA as on 30.6.17. It was meant for carrying forward unused Cenvat Credit balance as per Central Excise returns/Service Tax return/VAT return as on 30.7.17. You can claim refund of balance lying in PLA at any time. It is not time barred. It is yours money.

[Himansu Sekhar]

Please go through answer to question 43 of the faqs released for mining sector. Source cbic.gov.in

[Himansu Sekhar]

Refund can be filed

[DR.MARIAPPAN GOVINDARAJAN]

I concur with the views of the experts.

[Ganeshan Kalyani]

I agree with the Sri Kasturi Sir. The tran1 was not meant to carry forward PLA balance. The tax payer can apply for the refund.