The payments for availing LTC Money Voucher Scheme are to be submitted earlier than March 31, 2021.
The federal government has come out with extra clarifications on the queries being acquired in respect of Particular Money Package deal equal in lieu of Depart Journey Concession Fare for Central Authorities Staff through the block 2018-21. When it got here to precise implementation and the method to avail the advantage of the LTC Money Voucher Scheme, there have been a number of queries looking for clarification from the federal government. The federal government has been issuing clarifications every so often to take away any confusion in regards to the implementation of the scheme.
Of late, a number of ministries and departments have raised queries and requested for clarifications with regard to:
(i) Whether or not any prior intimation is required similar to availing the precise LTC Scheme?
(ii) The LTC for the yr 2018-19 Block was prolonged upto 3lst December, 2020.Whether or not claims will be made beneath this block until March, 2021?
The federal government by its newest Workplace Memo dated February 16 has clarified that the Particular Money Package deal is in lieu of pending LTC for the Block between 2018-21 and payments for availing this scheme are to be submitted earlier than 3l .03.2021. No prior intimation as is being given within the case of LTC Scheme is required and for the yr 2018-19 (prolonged until 31.12.2020), the claims will be made earlier than 31.03.2021.
Earlier, the federal government had additionally clarified on the operation half because the scheme is for the LTC block of 2018-21. Usually, a block incorporates two LTC fare (residence city and anyplace in India). If one has been availed and the opposite remaining, the identical will be utilized for this function. Any unutilized LTC of the block of 2018-21 is eligible. This scheme is relevant to the LTC fare left unutilized through the Block Yr as talked about within the LTC Money Voucher Scheme Order efficient 12.10.2020.
Whereas availing the provide, a number of payments are accepted. The acquisition ought to have been performed from the date of concern of the LTC Money Voucher Scheme Order dated October 12, 2020, until the tip of the present Monetary Yr. The acquisition ought to carry a GST of 12% and above and fee ought to have been made to digital mode. The reimbursement is predicated on manufacturing of bill with particulars of GST. So far as potential, the declare needs to be made and settled effectively earlier than thirty first March, 2021 to keep away from any final minute rush and resultant lapse.