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of <h1>Government Clarifies Cheque Payment Date: Payment Recognized When Cheque Clears, Not When Tendered, Per Central Rules.</h1> The circular addresses the effective date of payment of government dues via cheque. It references a case where a penalty was imposed on an airline for delayed payment, which was contested and overturned, as the cheque was tendered on time. The Joint Secretary relied on rules indicating that if a cheque is honored, the payment date is when it was tendered. However, the Controller General of Accounts clarified that tax revenue collections follow the Central Government Accounts Rules, deeming payment on the date the cheque is cleared by the bank. The circular instructs relevant parties to adhere to these guidelines and report any implementation issues.
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