Newly launched e-bill system will assist course of funds digitally
New Delhi:
Finance minister Nirmala Sitharaman on Wednesday mentioned that the brand new digital invoice (e-Invoice) processing system – which was introduced within the funds – will assist in reducing down delays in cost processing and all claims of contractors and suppliers can be settled digitally.
The e-Invoice processing system was launched on Wednesday and can be applied throughout all central ministries and departments and suppliers and contractors will now be capable to submit their declare on-line, which can be trackable on a real-time foundation.
Talking on the event of the forty sixth Civil Accounts Day, Ms Sitharaman mentioned it will guarantee end-to-end digitisation and make the cost course of clear by utilizing expertise not simply throughout the authorities departments, however extending the second leg to the citizen’s use.
The e-Invoice processing system may even shut even “any small window which is obtainable” for “misuse by way of rent-seeking”, as a contractor or provider to the federal government will be capable to file their claims digitally, the finance minister mentioned.
“Put your declare with digital signatures, and also you do not need to come back to authorities workplaces. Your cost reaches (to you) as quickly as your declare reaches with a digital signature,” Ms Sitharaman mentioned.
The civil accounts officers, she mentioned, have ensured that the frequent man who works with the federal government won’t have to attend for months, or not even go and meet officers, in search of the discharge of their dues.
Giving particulars of the e-Invoice system, further controller normal of accounts Dharitri Panda mentioned presently, the claimants are required to submit bodily copies of payments to the departments for scrutiny. With the e-Invoice initiative, claimants would be capable to submit digitally signed payments and examine standing with out approaching workplaces.
The e-Invoice system has been rolled out on a pilot foundation in eight ministries. It is going to be applied in all ministries and departments in a phased method in 2022-23.