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Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2014-15

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..... se refer to Circular DGBA.GAD.No.H - 5495/42.01.029/2013-14 dated March 27, 2014 advising the procedure to be followed for reporting and accounting of collection of Direct Taxes (CBDT) and Indirect Taxes (CBEC) and transactions of Departmentalized Ministries at the Receiving/Nodal/Focal Point branches of your bank for the Financial Year 2013-14. 2. The Government of India has decided that the date of closure of Residual Transactions for the month of March 2015 be fixed as April 15, 2015 for the Financial Year 2014-15. 3. In view of the ensuing closing of government accounts for the financial year 2014-15, please reiterate the instructions to your branches regarding introduction of special messenger arrangements at your receiving branc .....

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..... al arrangements for reporting March transactions by receiving branches to Nodal/Focal Point branches and the procedure for reporting March 2015 transactions in April 2015 by Nodal/Focal Point branches as indicated in paragraphs 3 and 4 above are also applicable to the reporting of transactions of Non-Civil Ministries. The branches of your bank handling the Non-Civil Ministries transactions, if any, may, therefore, be advised to follow the above procedure. 6. Kindly issue necessary instructions in the matter to your branches concerned immediately. Yours faithfully (K. Ganesha) Deputy General Manager ANNEX Reporting of March Transactions Beginning from April 1, 2015, the Nodal/Focal Point branches will segrega .....

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..... a, CAS, Nagpur. This procedure should continue upto and inclusive of April 15, 2015 only. All transactions reported thereafter by the receiving branches will be reported and accounted for in the usual manner in the accounts of the month of report irrespective of the date of transaction. Following the special arrangements for March 2015 transactions, it is necessary for the Nodal/Focal Point branches to prepare two sets of DMS to be submitted to Zonal Accounts Officers/Pay and Accounts Officers for March 2015 transactions - one for transactions upto March 31, 2015 and another for March Residual Transactions adjusted by Nodal/Focal Point branches with Reserve Bank of India, Central Accounts Section, Nagpur, during April 1 to April 15, 2015. .....

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