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Govt. employees can avail LTC Cash Voucher Scheme.

According to the Finance Ministry, the Central Government employees can avail benefits of LTC( Leave Travel Concession) by submitting multiples bills of goods and services purchased under their name.

India: According to the Finance Ministry, the Central Government employees can avail benefits of LTC( Leave Travel Concession) by submitting multiples bills of goods and services purchased under their name.

Govt. employees can avail LTC Cash Voucher Scheme - The Wall Post
Govt. employees can avail LTC Cash Voucher Scheme

On 12th of October the government announced this LTC cash voucher scheme under which the central government employees can buy any goods and services with a GST rate of 12% and above to get this benefit.

The Expenditure Department under Finance department issued FAQs i.e. Frequently Asked Questions about LTC cash voucher scheme.

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Before this the employees would only get this benefit for travels alone or else they have to let go the amount.

The Ministry said, “The expenditure should be in accordance with the ratio as prescribed for LTC fare,”.

There was on whether the scheme would be applicable if a particular LTC which is meant to be used for the scheme has been partially availed by either self or members of the family, the FAQ answered, “This scheme is applicable to the LTC fare left unutilized during the block year (2018-21).”

The FAQ further said, “The purchase should carry a GST of 12 per cent and above and payment should have been made through digital mode.”

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“Since this is an optional scheme, if the LTC fare of any member of the family has not been utilized for this purpose, those members can avail LTC subject to extent instructions under LTC rules.”

“As far as possible, the claim should be made and settled well before March 1, 2021 to avoid any last minute rush and resultant lapse”.

Apart from this the invoice which is being submitted for reimbursement under the cash voucher scheme should be in the name of the government employee who is availing this scheme.