Special Arrangements for Reporting and Accounting of March Transactions
The Reserve Bank of India (RBI) has announced special arrangements for the reporting and accounting of March transactions for the financial year 2013-14.
The scheme is applicable to the following entities:
(i) Central Board of Direct Taxes
(ii) Central Board of Excise and Customs
(iii) Departmentalised Ministries Account
The purpose of this scheme is to facilitate the collection of dues from these entities and ensure timely reporting and accounting of March transactions.
The RBI has provided detailed guidelines and procedures for the reporting and accounting of these transactions, which are outlined in the annexure to the circular.
The special arrangements are aimed at ensuring a smooth and efficient process for the collection of dues and accounting of March transactions.
Chat with the Master Circular: