Employees can buy goods under LTC cash voucher plan: Finance Ministry

Central government employees availing the LTC cash voucher scheme can purchase goods or services in the name of spouse or other family members eligible for LTC fare. The second set of FAQ issued by the Department of Expenditure also clarified that an employee can claim reimbursement for the purchase of goods and services, attracting GST of 12% or more, on or after October 12 even if he/she has not formally exercised the option of availing the scheme.The Govt. on October 12 announced the LTC cash voucher scheme under which employees can purchase any goods or services with a GST rate of 12% or above to avail the benefit. The payments for such purchases have to be made via digital mode or cheque, DD, NEFT/RTGS.

Courtesyg: Google (photo)

 

 

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