Posts
(i)
Central Board of Direct Taxes
(ii) Central Board of Excise and Customs
(iii)
Departmentalised Ministries Account
The Government
of India has decided that the date of closure of Residual Transactions for the
month of March 2016 be fixed as April 10, 2016 for the Financial Year 2015-16.
Branches should introduce special
messenger arrangements at receiving branches. Receiving branches not situated
locally should also adopt arrangements such as courier service etc. for passing
on challans/scrolls etc. to the Nodal/Focal Point branches so that all payments
and collections made on behalf of government towards the end of March are accounted
for in the same financial year.
The Nodal/Focal Point branches will be required
to prepare separate sets of scrolls, one pertaining to March Residual
Transactions and another for April Transactions during the
first 10 days of April 2016. These branches should also ensure that the
accounts for all transactions are effected upto March 31, 2016 in the accounts
for the current financial year itself. While reporting transactions pertaining
to March 2016 upto April 10, 2016, the transactions of April 2016 should not be
mixed up with “March Residual Transactions."
The special arrangements for reporting to
Nodal/Focal Point branches are also applicable to the reporting of transactions
of Non-Civil Ministries.
Based on RBI Circular dt 17/03/16. Please visit www.rbi.org.in for any further clarification
if required….. Poppy
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