The Department of Expenditure under India’s Ministry of Finance has issued an office memorandum that requires the implementation of the Treasury Single Account (TSA) in Autonomous Bodies (ABs). The memo refers to a previous memorandum stating that ABs that receive funds over 100 crores in a Financial Year would fall under the TSA system starting from April 1, 2023. The opening of accounts has already started, and capacity building and training for these ABs are expected to be completed in time. The memo further requests the relevant officials to coordinate with GIFMIS – PFMS, O/o CGA to ensure a smooth TSA implementation.
Universal implementation of Treasury Single Account (TSA) in ABs.
10(3)/VA-I1/2021/TSA/9527/134
Government of India
Ministry of Finance
Department of Expenditure
O/o Controller General of Accounts
Mahalekha Niyantrak Bhawan
GPO Complex, E-Block,
INA, New Delhi
Dated 28-03-2023
Office Memorandum
Sub:- Universal implementation of Treasury Single Account (TSA) in ABs.
Reference is invited to this office OM No. 10(3)/TA-II/2021/TSA/5640/376 dated 4.11.2022 indicating therein that ABs receiving funds amounting to more than 100 crores in a Financial Year will be covered under Treasury Single Accounts (TSA) system w.e.f. 1st April, 2023.
Accounts opening process has already been started by the Ministries and it is expected that capacity building and training of these new ABs is also completed timely.
Therefore, all Pr. CCAs/CCAs/CAs/CAS(IC) of the Ministries/Departments administering these ABs are requested to ascertain their training and capacity building requirement and coordinate with GIFMIS – PFMS, O/o CGA for smooth implementation of the same.
(Encl:- as above )
(Parul Gupta)
Deputy Controller General of Accounts
Source: cga.nic.in
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