Union Finance Minister Nirmala Sitharaman on March 2 launched E-Bill Processing System during the inaugural session of the 46th Civil Accounts Day.
- The E-Bill Processing System was announced in Union Budget 2022-23. E-Bill processing system will be implemented across all Central Ministries and Departments.
- This will be a further step to enhance transparency, efficiency, and faceless- paperless payment system.
- Suppliers and contractors will now be able to submit their claims online which will be trackable on a real-time basis.
The objectives of the system are to:
- Provide convenience to all vendors/suppliers of the government to submit their bills/claims at anytime, from anywhere.
- Eliminate physical interface between suppliers and government officers.
- Enhance efficiency in processing of bills/claims.
- Reduce discretion in processing of bills through “First-In-First-Out”(FIFO) method.
More Features
- Under the newly launched e-Bill system, vendors/suppliers can upload their bills online along with supporting documents from the convenience of their homes/offices at any time through digital signature.
- The e-Bill system has been developed by the Public Financial Management System (PFMS) Division in the office of the Controller General of Accounts in the Department of Expenditure, Ministry of Finance.
- The bills will be processed by First-In-First-Out (FIFO) method.
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