Gujarat Panchayats Act, 1993
(1) Accounts of the income and expenditure of every district panchayat shall be kept in such form and manner as may be prescribed and shall be balance annually on the 1st day of every year. (2) The Gujarat Local Fund Audit Act, 1963 shall apply to the auditing of the accounts of the district panchayat. (3) Notwithstanding anything contained in sub-section (2), the state Government shall entrust the Comptroller and Auditor General of India the technical guidance and supervision over the audit of the District panchayat. (4) The Sate Government shall cause the audit report under the Gujarat Local Fund Audit Act, 1963 referred to in sub-section (2) alongwith the report of the Comptroller and Auditor General of India on technical guidance and supervision as referred to in sub-section (3), to be laid before the State Legislature.