Government of India
Ministry of Finance, Department of Expenditure
Preparation Guidelines for Union Government Finance Accounts 2025-26
The Office of the Controller General of Accounts has released the comprehensive time schedule and general guidelines for the preparation of Statement of Central Transactions (SCT), Journal Entries (JE), and other essential materials for the Union Government Finance Accounts for the financial year 2025-26.
Key Submission Requirements
All Pr. CCAs, CCAs, and CAs (holding independent charge) are required to provide the following statements:
- IGAS-1: Detailed instructions for Statement No. 4.
- IGAS-2: Disclosure to Statement No. 9.
- IGAS-3: Summary and detailed statements of Loans and Advances (Statements No. 3 and 15).
- IGAS-4: Disclosure to Statement No. 5 regarding Prior Period Adjustments (PPA).
Procedural Guidelines (Annexure A)
1. SCT Generation and Validation
The Statement of Central Transactions (SCT) must be generated through the e-Lekha system. Before submission, the Principal Accounts Office must verify the rounding off and accuracy of all figures. Once verified, the SCT should be submitted electronically to the Finance Accounts Section for acceptance.
2. Certifications Required
A signed forwarding letter must accompany the SCT, certifying that:
- All transactions have been reconciled with departmental authorities.
- No new Major or Minor heads were opened without prior CGA approval.
- Debt, Deposit, Suspense, and Remittance head figures have been accepted by the concerned departments.
3. Corrections and Adjustments
Post-submission, no corrections are permitted except in special cases via Journal Entries (JE) uploaded through e-Lekha. These entries must include detailed justifications and a statement of consequential corrections.
General Instructions (Annexure B)
All material must be submitted in thousands, lakhs, or crores as specified, and must tally with SCT figures. A major focus for the 2025-26 accounts is the liquidation of adverse balances and accumulations under 'Suspense heads' and 'Cheques and Bills'. An 'Action Taken Note' (ATN) explaining these balances and remedial measures must be appended to the submission.
Submission Checklist (Annexure C)
Before final submission, departments must ensure:
- All adverse balances are annotated with reasons.
- Reasons for minus transactions and minus progressive balances are provided.
- Copies of all materials have been sent to the Office of the Director General of Audit (Finance & Communication).
Educational Purpose Only: The information provided in this article is for general informational and educational purposes only.
Accuracy & Mistakes: While every effort has been made to ensure accuracy, human errors or omissions may occur.
No Liability: Under no circumstances shall the author or this website be held liable for any loss arising from the use of this information.
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