MAJOR REVENUE RESOURCES
The Heads of the Departments of the GVMC and submit the budget estimate to the Commissioner on or before the tenth day of the October, each year
The Commissioner shall cause to be prepared the Budget Estimates of the Financial Year under Sec. 182 of the HMC act and place before the Standing Committee on before the tenth day of the November, each year
Under Section 184 of the HMC Act, the Standing Committee shall on or as soon as may be before 15th December prepare the Budget Estimates every year
The Council shall, after satisfying itself sanction the budget ordinary not later than the twentieth of February, each year
The Commissioner shall submit a copy of the budget as sanctioned by the Council to the Government ordinary not later than the first of March each year
The Annual Accounts will be prepared every year and will be submitted to Government, Accountant General and State Audit.
Salaries Payment to the Employees, Preparation of Pending Bills, Payment of Contractor Work Bills and Reconciliation of the Receipts and Expenditure.
Audit will be taken up by Director of State Audit. Audit has been completed up to 2010-11 and 2011-12 Audit is under progress.
BRIEF NOTE ON AO (D&A) SECTION
Preparation and forwarding of pension proposals - payment of monthly service pensions / family pensions - issue of pension certificates for Income Tax etc., - payment of gratuity – commutation of pension - funeral charges to pensioners. Remittance of contribution pensions to appropriate account
Remittance of recovered Provident Fund to appropriate account – payment of PF advances, Part Final Withdrawal and settlements of final PF at the time of superannuation / death - issue of PF contribution slips etc.,
Remittance of Income Tax recovered from the salaries of employees and from contract bills to Income Tax Department – issue of Form – 16 & 16A. Filing of returns etc.,
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