Monday, October 12, 2020

CG employees need to purchase items or avail services through digital mode to get LTC cash scheme

With a view to compensate and incentivize consumption by the Central Govt. employees, the Ministry of Finance has announced LTC cash scheme. Employees need to spend an amount of leave encashment and an amount of 3 times of cash equivalent of deemed fare on purchase of items/availing of services (carrying GST of 12% or more) through digital mode.

from taxmann.com News https://ift.tt/2GZe8so
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