Para 20.53 — MSO (A&E)
Original Rule Text
20.53 The procedure laid down in this Chapter will apply to the up keep of Objection Books and Adjustment Registers in respect of items appearing in the Inward Remittance Accounts which are held under objection.
of the objections on the second Schedule of Payments the closing entries of the Objection Book.
What This Means
The procedures described in Chapter 20 for maintaining Objection Books and Adjustment Registers apply equally to objections raised on items appearing in Inward Remittance Accounts. There is no separate or different procedure for remittance-related objections — they follow the same rules for recording, tracking, and closing.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Inward Remittance Account objections follow the same Chapter 20 procedures
- 2No separate procedure for remittance-related objections
- 3Objection Books and Adjustment Registers for remittance items follow identical rules
- 4Closing procedures are the same as for other objections
Practical Example
The AG office receives an Inward Remittance Account from another state showing a Rs 3 lakh credit that cannot be properly classified. The Accountant treats it exactly like any other objection — records it in the Objection Book under Suspense with Gazetted Officer approval, tracks it in the Adjustment Register, and follows the same monthly closing and reconciliation procedures.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Do Inward Remittance Account objections need a separate Objection Book?▼
Why is this rule stated explicitly if the procedures are the same?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.