Instructions to submit copies of purchase and work of Rs.25 lakh to AG Audit

Chandigarh, May 15, 2014: The Punjab government has issued instructions to all the departments to submit a copy of contract and agreement for the purchase of goods and execution of works of the value of Rs. 25 lakh and above to the office of the Principal Accountant General (Audit), Punjab and UT Chandigarh.
Disclosing this here today a spokesman of the General Administration, Coordination said that necessary instructions have been issued to the Heads of all departments. He said that as per General Financial Rules-2005, copies of all contracts and agreements for purchase of goods and execution of works the value of Rs. 25 lakh and above entered into by Civil department of the government other than the departments like Director General of Supplies and Disposal for which special audit procedure exists should be sent to the audit office and/or the accounts office as the case may be.