• About us
  • Contact us
  • Our team
  • Terms of Service
Sunday, March 1, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Govt employees can submit multiple bills to avail LTC cash voucher scheme benefit

Press Trust of india by Press Trust of india
October 26, 2020
in BUSINESS
A A
0
Finmin proposes to decriminalize host of minor offences under 19 legislations 
FacebookTwitterWhatsapp

New Delhi: Central government employees can submit multiple bills of goods and services purchased in their own name to avail the benefit of the LTC (Leave Travel Concession) cash voucher scheme, according to the Finance Ministry.

The Expenditure Department, under the Ministry, has issued a set of FAQs (Frequently Asked Questions) on LTC cash voucher scheme, clarifying that an employee can also avail the scheme utilising the applicable LTC fare without leave encashment.

More News

PM inaugurates semiconductor plant at Sanand, says India is making its mark in hardware too

18 dead, 6 critically injured in Andhra Pradesh cracker unit explosion

Attack on Iran disrupts flights across Middle East and beyond

Load More

The government on October 12 announced the LTC cash voucher scheme under which central government employees can purchase any goods or services with GST rate of 12 per cent or above to avail the benefit.

Till now, employees got LTC benefits only on travels made, or had to forgo the amount.

The Ministry said employees can avail the scheme utilising the applicable LTC fare without leave encashment.

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

To a query 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 said, “This scheme is applicable to the LTC fare left unutilised during the block year (2018-21).”

On whether an employee with four family members eligible for LTC can avail the scheme for less than four members, the Ministry said an employee can avail the scheme in partial, that is for the LTC part of the eligible family.

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

The FAQ further clarified that multiple bills would be accepted, but purchases should happen within the current financial year ending March.

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

It said reimbursement would be based on production of invoice with details of GST.

“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”.

Besides, the invoice which is being submitted for reimbursement under the scheme should be in the name of the employee availing the scheme.

Previous Post

Govt to seek Par nod for Rs 37K cr infra push in 2nd supplementary demands for grant

Next Post

Trump is seeking second term to help himself and his wealthy friends: Obama

Press Trust of india

Press Trust of india

Related Posts

PM inaugurates semiconductor plant at Sanand, says India is making its mark in hardware too

Take part in ‘Your Money, Your Right’ movement: PM Modi
February 28, 2026

Sanand: Prime Minister Narendra Modi on Saturday inaugurated Micron Technology's semiconductor plant at Sanand in Gujarat, and said that after...

Read moreDetails

18 dead, 6 critically injured in Andhra Pradesh cracker unit explosion

   Two killings/deaths in J&K, people want answers
February 28, 2026

Vetlapalem (Andhra Pradesh): Andhra Pradesh Home Minister Vangalapudi Anitha said 18 people died and six were critically injured in the...

Read moreDetails

Attack on Iran disrupts flights across Middle East and beyond

February 28, 2026

London:  The US and Israel's attack on Iran disrupted flights across the region and beyond. The United Arab Emirates, home...

Read moreDetails

Industry must invest, innovate; take advantage of Budget announcements: Modi

Take part in ‘Your Money, Your Right’ movement: PM Modi
February 27, 2026

New Delhi:  Prime Minister Narendra Modi on Friday asked the industry to come forward with investment and innovation, and exhorted...

Read moreDetails

India’s GDP to grow 7.6% in FY26 after revamp of calculation framework

GDP growth slows to 2-year low of 5.4% in Q2 on poor show by manufacturing, weak consumption
February 27, 2026

New Delhi:  India's economic growth estimate was raised to 7.6 per cent for the current fiscal on Friday following a...

Read moreDetails

Climate action an opportunity; AI can help streamline development spending: World Bank

Deepfake is a big challenge in the era of Artificial Intelligence
February 27, 2026

New Delhi:  Artificial intelligence presents a major opportunity to make development spending more efficient and job-oriented, a senior World Bank...

Read moreDetails
Next Post
Trump’s response to coronavirus crisis has been ‘absolute chaotic disaster’: Obama

Trump is seeking second term to help himself and his wealthy friends: Obama

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.