Rule 8 — GFR 2017
Original Rule Text
Rule 8
(1)
(i)
Under
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.
What This Means
This rule outlines the fundamental process for managing government money. Whenever the government receives funds, whether from taxes, fees, or any other source, there's a specific place it needs to be deposited. This 'place' is called a 'Head of Account,' which is essentially a specific category or classification in the government's financial system where money is sorted and stored.
Similarly, when the government needs to spend money – for salaries, projects, or any other approved expenditure – there's a strict procedure for taking that money out. This rule states that both the depositing (crediting) and taking out (withdrawal) of government funds must strictly follow established guidelines. These guidelines are primarily found in two key sets of rules: the Government Accounting Rules of 1990 and the Central Government Account (Receipts and Payments) Rules of 1983.
Beyond these main rulebooks, the government can also issue additional instructions, either broad ones that apply widely or specific ones for particular situations. So, for any government officer handling money, it's crucial to know not just these main rules but also any newer orders that might have been issued, ensuring all financial transactions are transparent, accountable, and correctly recorded.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1All government funds received must be deposited into a designated 'Head of Account'.
- 2The process for withdrawing government funds for expenditure is strictly regulated.
- 3These financial operations are primarily governed by the Government Accounting Rules, 1990.
- 4The Central Government Account (Receipts and Payments) Rules, 1983 also provide crucial guidelines for these transactions.
- 5Government officers must also adhere to any other general or specific orders issued regarding financial management.
- 6The rule ensures proper classification, accounting, and control over government receipts and expenditures.
Practical Example
Imagine Mr. Sharma, a Section Officer in the Ministry of Health and Family Welfare. His department has just collected Rs. 50,000 in application fees for a new medical licensing exam. According to Rule 8(2), Mr. Sharma cannot simply deposit this money into a generic account or hold onto it. He must identify the correct 'Head of Account' – for instance, '0210 - Medical and Public Health - 01 - Urban Health Services - 101 - Fees and Fines' – and ensure the Rs. 50,000 is credited precisely to this specific account as per the Government Accounting Rules, 1990.
Later, his department needs to pay a vendor, 'MediEquip Solutions Pvt. Ltd.', Rs. 35,000 for new medical equipment. To withdraw this money, Mr. Sharma must follow the procedures laid out in the Central Government Account (Receipts and Payments) Rules, 1983. This involves preparing the correct payment vouchers, obtaining necessary approvals from his superiors, and ensuring the payment is debited from the appropriate budgetary head, perhaps '2210 - Medical and Public Health - 01 - Urban Health Services - 102 - Procurement of Equipment'. He also needs to check for any recent special orders from the Ministry of Finance regarding vendor payments or digital transactions to ensure full compliance.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
▼
▼
▼
▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.