1. Structure of Government Accounts
SIB SANKAR BANIK, W.B.A&A.S
INTERNAL AUDIT OFFICER, FIN (I/A) DEPTT.

2. Form of Accounts
The Controller of Accounts, Ministry of Finance, Government of India in consultation with Comptroller and Auditor General of India has issued list of major and minor heads of accounts of receipts and disbursement of Central and State Govt.
The Accounting Rules, 1992 has laid down the forms of A/cs to be submitted covering the Accounts of the State

3. Form of Accounts Cash A/C List of Payments Top Schedule
Subsidiary A/cs
VDMS

4. Structure of Govt. Accounts
All moneys, receipts and disbursement made by the Govt. are divided into three parts (Article of Constitution of India)
Part I  Consolidated Fund of State
Part II  Contingency fund of the State
Part III  Public Accounts of the State

5. Part I – Consolidated Fund of India
It is the reservoir into which all revenues and loans raised are to be deposited. Article 266(1) stipulates
“ all revenues received by the Govt. of India, all loans raised by issue of treasury bills, ways and means adv etc shall form one consolidated fund called the “Consolidated Fund of India” ”.

6. Consolidated Fund of the State
Consolidated fund of the State is divided into three divisions:-
Revenue division covering income from taxes, duty, cess, fine etc.
Capital division covering expenditure for acquiring or constructing assets of permanent nature
Debt/ Loans and advances, interstate settlement.

7. Consolidated Fund of the State
Tax Revenue
Non Tax Revenue
Borrowings
Central Flow
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8. Tax Revenue (Union+State)
Corporate Tax
Income Tax
Wealth Tax/ Gift Tax
Service Tax
Excise Duties/ Customs Duties
Electricity duties etc
Land Revenue
Prof. Tax etc.

9. Non Tax Revenue (Union Govt)
Railways
Post & Telegraph
Opium
Earning from State Undertaking
Power
Petroleum
Fees of UPSC

10. Non Tax Revenue (State Govt)
Forest
Irrigation
Electricity
Fees of PSC
Non Ferrous and metallurgical Industries.

11. Central Flow Central Flow to State Government:-
Plan & Non Plan Assistant Grant
Loans
Discretionary Grants from Union Ministries
Tax Sharing
Grant in Aid
Statutory
Non Statutory

12. Taxes exclusive to Union Govt.
Corporation/ Income Tax
Customs Duty
Taxes on Capital Value of Assets of Individuals and Companies

13. Taxes exclusive to State
Land Revenue
Stamp Duty
Agri Income Tax
Sales Tax
Taxes on Vehicle
P. Tax not exceeding Rs 2500/- per annum.

14. Part – II Contingency Fund of a State
It is in the nature of imprest placed at the disposal of Governor for meeting unforeseen expenditure pending authorisation of the Assembly.

15. Part – III Public Account
Public Accounts incorporates transactions in respect of which Govt. functions as banker and distinct from transaction relating to receipts and disbursements on revenue, capital and loan A/c.

16. Part – III Public Account
Public Accounts includes:-
Provident fund
Small savings
Deposit and advances
Cash Remittance
Suspense and Miscellaneous

17. Reserve Bank of India
Reserve Bank of India is the banker of State. All money received from the Union Govt., Loans raised from market on collection of the State Govt. are deposited in RBI. Expenditure are made from the Reserve Bank Deposit (RBD)

18. THANK YOU