LTC cash voucher scheme: Central employees can make purchases in family member’s name, says govt

Central authorities workers availing the LTC money voucher scheme should buy items or companies within the title of partner or different members of the family eligible for LTC fare.

The second set of FAQ issued by the Department of Expenditure additionally clarified that an worker can declare reimbursement for the acquisition of products and companies, attracting GST of 12 per cent or extra, on or after October 12 even when he/she has not formally exercised the choice of availing the scheme.

The authorities on October 12 introduced the LTC money voucher scheme below which workers should buy any items or companies with a GST charge of 12 per cent or above to avail the profit. The funds for such purchases need to be made by way of digital mode or cheque, demand draft, NEFT/RTGS.

So far workers had solely Leave Travel Concession (LTC) advantages on travels made or forgo the quantity.

To a question on whether or not buy receipt will be within the title of any dependent, the FAQ mentioned, “The invoices of the goods and services purchased as per the scheme may be in the name of spouse or any family member who are eligible for LTC fare as declared in the service records”.

The expenditure division, below the Finance Ministry, mentioned the particular money bundle scheme in lieu of 1 LTC is to “compensate and incentivise consumption” by authorities workers and the advantages will be availed as much as March 31, 2021.

The FAQ additionally clarified that buy of products or companies on EMI can also be permissible below the scheme supplied they’ve been purchased after October 12 and have a GST bill.

With regard to a question on whether or not reimbursement can be accessible for objects bought after October 12, 2020, however earlier than formally exercising the choice of LTC money voucher scheme, the FAQ mentioned, “All eligible purchases on or after October 12, 2020, but before March 31, 2021, can be counted”. PTI JD BAL BAL BAL