Rule 7 - Government Account Deposits | KartavyaDesk
Original Rule Text
Rule 7 All moneys received by or on behalf of the Government either as dues of Government or for deposit, remittance or otherwise, shall be brought into Government Account without delay, in accordance with such general or special rules as may be issued under Articles 150 and 283 (1) of the Constitution. Rule 8 (1) (i) Under Article 284 of the Constitution all moneys received by or deposited with any officer employed in connection with the affairs of the Union in his capacity as such, other than revenues or public moneys raised or received by Government, shall be paid into the Public Account. (ii) All moneys received by or deposited with the Supreme Court of India or with any other Court, other than a High Court, within a Union Territory, shall also be dealt with in accordance with Clause (i) of sub-rule (1). Rule 8 (2) The Head of Account to which such moneys shall be credited and the withdrawal of moneys therefrom shall be governed by the relevant provisions of Government Accounting Rules 1990 and the Central Government Account (Receipts and Payments) Rules, 1983 or such other general or special orders as may be issued in this behalf. Rule 9 It is the duty of the Department of the Central Government concerned to ensure that the receipts and dues of the Government are correctly and promptly assessed, collected and duly credited to the Consolidated Fund or Public Account as the case may be. Rule 10 The Controlling Officer shall arrange to obtain from his subordinate officers monthly accounts and returns in suitable form claiming credit for the amounts paid into the treasury or bank as the case may be, or otherwise accounted for, and compare them with the statements of credits furnished by the Accounts Officer to see that the amounts reported as collected have been duly credited. Accordingly, each Accounts Officer will send an extract from his accounts showing the amounts brought to credit in the accounts in each month to the Controlling Officer concerned. Rule 11 (1) Detailed rules and procedure regarding assessment, collection, allocation, remission and abandonment of revenue and other receipts shall be laid
What This Means
Rule 7 of the General Financial Rules (GFR) 2017 is all about ensuring that any money received by the government, or on behalf of the government, makes its way into the official Government Account quickly and correctly. This includes money collected as government dues (like taxes or fees), deposits, or any other kind of remittance. The rule emphasizes that there should be no unnecessary delay in depositing these funds. Think of it as making sure all the money the government is supposed to receive actually gets recorded and available for use.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- •All money received by or on behalf of the Government must be deposited into the Government Account without delay.
- •This applies to all types of receipts, including dues, deposits, and remittances.
- •The deposit process must follow the general or special rules issued under Articles 150 and 283(1) of the Constitution.
- •Departments are responsible for ensuring correct and prompt assessment, collection, and credit of government receipts.
Practical Example
Mr. Sharma, a clerk in the Ministry of Agriculture, collects application fees totaling ₹15,000 from farmers applying for a new irrigation scheme. According to Rule 7, Mr. Sharma cannot hold onto this money. He must deposit the entire ₹15,000 into the designated Government Account as soon as practically possible, following the procedures outlined by the Ministry's finance department. Delaying the deposit, even for a day, would be a violation of Rule 7. The Accounts Officer will then reconcile these deposits with the Ministry's records to ensure accuracy.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What happens if there's a delay in depositing the money?▼
What if the money received is in a foreign currency?▼
Does this rule apply to all government departments and organizations?▼
What are Articles 150 and 283(1) of the Constitution?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Test Your Knowledge
Question 1 of 3
According to Rule 7 of the General Financial Rules, 2017, all moneys received by or on behalf of the Government must be brought into which account without delay?
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