Para 15.18 — CAM
Original Rule Text
15.18 ACTION TO BE TAKEN BY PRINCIPAL ACCOUNTS OFFICE ON PUT THROUGH STATEMENTS
15.18.1 The RBI, CAS, Nagpur sends every month the following five computerised ‘put through statements’ to the O/o Pr.CCA, C.B.D.T.:
a Statement No. PR 1: Bank-wise Tax-wise Monthly figures as reported by Agency Banks* during the month under TIN 2.0 (Pertains to TIN 2.0- PRAKALP arrangement) in the form given in APPENDIX 15.5
b Statement No. 2: Tax-wise, SBI-station-wise summary of transactions (Receipts, Refunds, net for the month) (2 copies) in the form given in APPENDIX 15.6.
c Statement No. 3: Bank wise, Head of account wise summary of transactions (Receipts, Refunds, net for the month) in the form as per APPENDIX 15.7.
d Statement No. 4: Bank-wise and Head of Account wise summary of transactions (Receipts, Refunds, net for the month) with grand total for CBDT (one copy) in the form as per APPENDIX 15.8.
e Statement No. 5: Head of Account-wise summary of transactions for CBDT as a whole (one copy) in the form as per APPENDIX 15.9.
15.18.2 The grand total of Statement 2,3,4 and 5 should tally with each other.
15.18.3 On receipt of ‘Put Through’ from RBI, the total receipt is adjusted as minus debit to the head PSB Suspense and total refunds as minus credit to 'PSB Suspense' and by debit/credit to ‘8675 Deposits with Reserve Bank ' Central Civil Reserve Bank (PSB). This adjustment will be carried out by Pr.Accounts Office.
15.18.4 The head ‘PSB Suspense’ will continue to be cleared in the Pr.CCA’s office, on the basis of monthly computerised 'put through statement' received from RBI, CAS, Nagpur. A copy/extract of the put through statement (Bank wise, head of account wise) received from CAS, Nagpur is sent to the concerned mapped ZAO by the Pr.CCA’s office on monthly basis for reconciliation with DMS figures.
What This Means
Every month, RBI CAS Nagpur sends five computerized put-through statements to the Pr. CCA, CBDT. These statements provide bank-wise, tax-wise, and head-of-account-wise summaries of direct tax receipts and refunds. The grand totals of Statements 2 through 5 must tally with each other. On receiving the put-through, the Principal Accounts Office clears the PSB Suspense head by debiting/crediting 8675 (Deposits with Reserve Bank). Copies of the put-through statements are sent to mapped ZAOs for reconciliation with their DMS figures.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1RBI CAS Nagpur sends 5 monthly put-through statements to the Pr. CCA, CBDT
- 2Statement No. PR1 covers TIN 2.0/PRAKALP bank-wise data; Statements 2-5 provide progressively summarized views
- 3Grand totals of Statements 2, 3, 4, and 5 must tally with each other
- 4On receipt of put-through, total receipts are adjusted as minus debit to PSB Suspense; refunds as minus credit to PSB Suspense
- 5PSB Suspense is cleared by contra adjustment under MH 8675 (Deposits with Reserve Bank) by the Principal Accounts Office
Practical Example
In February, RBI CAS Nagpur sends the five put-through statements to the Pr. CCA. Statement 2 shows SBI collected Rs 15,000 crore in income tax across 50 stations; Statement 3 shows the same Rs 15,000 crore broken by bank and head of account. The Pr. Accounts Office verifies these totals tally, then records: minus debit to 8658 PSB Suspense and debit to 8675 Deposits with Reserve Bank for the net receipts. A copy is sent to the mapped ZAO for reconciliation with DMS.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why does RBI send five separate statements?▼
How is PSB Suspense cleared from the put-through?▼
Who is responsible for reconciling put-through data at the ZAO level?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.