have not file yet

[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?

AI Summary

Taxpayers Can Claim Refund on PLA Balance Anytime; TRAN 1 Only for Carrying Forward Unused Cenvat Credit A discussion on a forum addressed the issue of what happens to credit in the PLA ledger if TRAN 1 is not filed. Multiple contributors clarified that TRAN 1 was intended for carrying forward unused Cenvat Credit, not PLA balance. It was emphasized that taxpayers can claim a refund for the balance in the PLA at any time, as it is not subject to a time limit. Participants generally agreed that the refund process is available and supported the explanation provided by one of the experts.