Finance Ministry

Payment to Government Suppliers through e-Payment only if payment is above Rs 5,000 – Finance Ministry

Payment to Government Suppliers through e-Payment only. All payments above Rs 5,000 to suppliers, contractors ,etc. to be paid through payment advices-Finance Ministry

F. No. 3(2)(1)/2016/R&P Rules/ Amendment /649

Ministry of Finance
Department  of  Expenditure
OIo Controller General of Accounts
Mahalekha Niyantrak Bhawan,
GPO Complex, E-Block , INA
New Delhi-110023

Date: 05-12-2016.

OFFICE  MEMORANDUM

Subject:  Payment to Suppliers etc. by Government Departments through e-Payment

A reference is invited to this office O.M. No. 1(1)/ 2011/TA/366 dated 1st August 2016 regarding payment to Suppliers etc. above Rs. 10,000/ – by Government Departments through e-Payment.

2. In order to attain the goal of complete digitization of Government payments, the existing limit of 10,000/- prescribed in paragraph 2 of this office O.M. dated 1st August 2016 has been further reviewed. It has now been decided to lower the threshold limit to Rs. 5,000/-(Rupees five thousand only).

3. All Ministries/Departments of the Government of India shall ensure with immediate effect that all payments above Rs . 5,000 / – (Rupees five thousand only) to suppliers, contractors , grantee/loanee institutions   are made by issue of payment advices only.

This issues with the approval of the Finance Minister.

Soma Roy Burman)
Joint Controller General of Accounts

Share

Recent Posts

  • Income Tax

Form 26 to replace Form 3CD of tax audit report by a CA from Tax Year 2026-27

Form 26 to replace Form 3CD of tax audit report from Tax Year 2026-27 Draft Form 26 has been issued…

17 hours ago
  • Income Tax

When no addition is made on the basis of reasons recorded, reopening is bad in law

When AO do not make any addition on the basis of the reasons on which the reopening was done, the…

18 hours ago
  • Insurance

No separate compensation for loss of love and affection under MV Act – SC

Under MV Act separate compensation can not be granted under the head “loss of love and affection” – Supreme Court…

2 days ago
  • Income Tax

Trust accredited by National Open School eligible for registration u/s 12AB & u/s 80G

Trust accredited by National Institute of Open Schooling eligible for registration u/s.12AB and u/s 80G of the Act. In a…

2 days ago
  • Income Tax

Delay in furnishing Form 10B – Covid Period to be excluded as per decision of Supreme Court

Delay in furnishing Form 10B – Period between 15.03.2020 till 20.08.2022 to be excluded as per decision of Hon'ble Supreme…

4 days ago
  • Income Tax

Section 271AAB does not grant any immunity from penalty in terms of section 273B

Section 271AAB does not grant any immunity from penalty even if the assessee was able to show some reasonable cause…

4 days ago