TaxTMI 
TaxTMI 
What happens to credit in PLA ledger if TRAN 1 is not filled at all. Is there any to get this credit refunded?
have not file yet
08 Sep 2019 
5 Replies 
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PLA ledger credit remains recoverable: taxpayers can claim refund of PLA balances even if transitional form was not filed.
Experts agree that the transitional form was intended to carry forward unused Cenvat Credit recorded in returns and not to transfer balances in the PLA; therefore PLA ledger balances remain available and taxpayers can file for a refund of those amounts, with such refunds not being time barred, and may consult administrative guidance for further procedural detail. (AI Summary)
Experts agree that the transitional form was intended to carry forward unused Cenvat Credit recorded in returns and not to transfer balances in the PLA; therefore PLA ledger balances remain available and taxpayers can file for a refund of those amounts, with such refunds not being time barred, and may consult administrative guidance for further procedural detail. (AI Summary)