Payments to Suppliers. etc. by Government Departments through e-Payment: CGA OM
F. No. 1(1)/2011/TA/366
Ministry of Finance
Department of Expenditure
Controller General of Accounts
Lok Nayak Bhawan; Khan Market
Subject: Payments to Suppliers. etc. by Government Departments through e-Payment.
A reference is invited to this office O.M.. No. 1(1)/2011/TA/291 dated 31st March 2012 regarding payment to Suppliers etc. above Rs. 25,000/- by Government Departments through e-Payment from 18th April 2012. Since advancements in payment and banking technology have enabled a large number of transactions to be handled smoothly through the e-payment mode, the existing limit of Rs. 25,000 / – prescribed in paragraph of this office O.M. dated 31st March 2012. has been further reviewed. It has now been decided to lower the threshold limit to Rs. 10,000 /- in order to bring more payments under the purview of direct credit by electronic transfer to the bank account of the payee.
2. All Ministries / Departments of the Government of India are required with immediate effect to discharge all payments above Rs. 10,000 (Rupees Ten thousand only) to suppliers, contractors, grantee/loanee institutions etc. by issue of payment advices, including electronically signed-payment advices.
3. This issues with the approval of the Finance Minister.
(Soma Roy Burman)
Joint Controller General of Accounts
Source: www.cga.nic.in [Click here]