Srinagar, Mar 18: The Finance Department, Jammu and Kashmir, has issued a detailed set of instructions to regulate treasury operations during the closing days of the financial year 2025–26, mandating strict adherence to timelines and codal procedures by all concerned officers.
According to a circular, the last date for submission of bills by Drawing and Disbursing Officers (DDOs) has already been notified through Government Order No. 106-F of 2026 dated March 18.
The department has emphasised that these deadlines are final and must be complied with without exception.
The circular directs all DDOs to ensure that bills are submitted only after completing all prescribed codal formalities. It clearly states that any rejection arising from incomplete documentation, procedural lapses, or incorrect details will be the sole responsibility of the concerned officer.
To streamline processing, DDOs have been instructed to submit hard copies of duly verified bills to the respective treasuries by or before 4:00 PM on the notified dates. Treasury Officers, in turn, have been asked to compile and submit liability statements to their respective Directorates by 5:00 PM, which must then be forwarded to the Directorate General, Accounts and Treasuries, J&K by 6:00 PM.
In a move to strengthen financial scrutiny, the department has stated that all bills presented during this period will be subject to a special audit.
The circular also outlines extended operational arrangements for the final day of the financial year. It directs that all authorised transactions be processed expeditiously up to 10:00 PM on March 31, under special coordination with the Reserve Bank of India. Any instances of rejection or return of transactions must be immediately communicated to the concerned DDOs as well as the National Informatics Centre (NIC) for prompt resolution.
Further, Provincial Directors and Treasury Officers have been instructed to remain present in their offices on March 31 until confirmation of successful transaction acknowledgements and debit notifications is received from the RBI.
The directive is aimed at ensuring smooth closure of accounts, preventing last-minute discrepancies, and maintaining fiscal discipline during the critical year-end financial operations.
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