Payment Made from PLA can Revrsed

[Suminder Patial]

HI,

I have an query regarding Duty payment made from PLA for WIP inventory adjustment is this amount required to pay? if not then what is the procedure to take back this amount.

We have shown this deduction in ER-1 sr 6 Other payment made.

[YAGAY andSUN]

Dear Suminder,

Suo Motto it cannot be adjusted or reversed.

Regards,

SameerMalhotra

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)

[PAWAN KUMAR]

Dear Sir,

As per my view, you can file an refund for amount paid through PLA.

[Mahir S]

Sir,

In your case as duty already paid and shown in ER-1, the issue appears to be settled and closed; if not raised by the department.

AI Summary

Payment from PLA reversal: refund avenues may exist but ER-1 disclosure and departmental challenge determine final standing. Whether duty paid from the Public Ledger Account (PLA) for a WIP inventory adjustment can be reversed is disputed: one view says reversal/adjustment is not allowed, another suggests filing a refund for amounts paid through PLA, and a further view observes that payment shown in ER-1 may render the matter closed unless the department challenges it.