Buy goods and services worth three times the tax-exempt amount paid before 31.3.2021. Special Cash Package in Lieu of LTC Clarification FAQ No. 15/2005: Railway Services (Pension) Rules; RBE No. Benefits Of LTC Cash Voucher Scheme. As the employees may have several queries regarding the scheme, the government has put 15 faqs to resolve the employees' queries. North Block, New Delhi. [FAQ 4] â LTC Cash Voucher Scheme â Finmin Clarification â FINMNI OM No.12(2)/2020/E-II.A â Dated 10.03.2021. Scheme is applicable for Block 2018-2021. 4 February 17, 2021; LTC Cash Voucher Scheme for Defence Armed Forces Personnel December 2, 2020; LTC Cash Voucher Calculation Formula December 1, 2020; FAQ No 3 on LTC Voucher Calculation 2020 November 30, 2020; FAQ No 2 on Special LTC Cash Package Scheme for CG Employees November 11, 2020 All Central Government Employees are eligible for the scheme. This is a reimbursement scheme for LTC expense to revive the economy. LTC Cash Voucher Scheme for Central Government Employees: In an Office Memorandum, the Department of Expenditure ... can they avail Special Cash Package for year 2020 ⦠Any goods and services which attract the GST of 12% and above would qualify for the scheme. Spend the money on buying items attracting GST of 12% or more from GST registered vendor and purchase must be in digital mode FAQ on LTC Cash Voucher Scheme. Thursday, March 11, 2021 Latest: RBE No. LTC Cash Voucher Scheme for Central Government Employees: In a new Office Memorandum, the Department of Expenditure (DoE) under the Ministry of ⦠No.12(2)/2020/E-II.A Government of India Ministry of Finance Department of Expenditure. The LTC Cash Voucher Scheme was announced by Finance Minister Nirmala Sitharaman on the 12th of October 2020.. With the first full-year economic contraction in decades, there is a risk that India might slip into recession for a while. LTC Cash Voucher Scheme 2020 PDF Download. RBE No. Eligibility Criteria for Cash Voucher Program Find out the eligibility criteria to get eligible for the LTC Cash Voucher Scheme below. The government has announced the LTC Cash Voucher Scheme in lieu of LTC travel scheme via a press conference dated October 12, 2020. To control this situation, the government decided to stimulate consumer spending and announced two incentives. 5: 4 Portion of the payment was made in cash as against digital payment for the entire transaction. Dated 10th March, 2021. Finance Minister Nirmala Sitharaman launched the Scheme that will help in creating demands. New Delhi: Due to COVID-19, employees have been avoiding travel and hence been unable to avail the benefit of LTC in the current block of 2018-21.Therefore, the government came out with the leave travel concession (LTC) cash voucher scheme in October last year in order to allow people to claim tax benefits they otherwise would not have been able to claim due to travel restrictions. A newly recruited employee, whose LTC expires in December, 2020 which remains unutilized, may be allowed to claim the cash package in lieu of that LTC till 31 St March, 2021. FAQ on LTC Cash Voucher Scheme. LTC cash voucher Scheme 2020. Details and FAQ about the scheme are presented. OFFICE MEMORANDUM This is for the eligible employees of Central Government. 95/2020: Special Cash Package (SCP) - AILTC. The Government launched an LTC (Leave Travel Concession) Cash Voucher Scheme for Central Government employees on 12 th October 2020 to enable employees to purchase goods and services instead of availing LTC & leave encashment. Whether this will be eligible under the Scheme? Scheme is applicable for Block 2018-2021. The scheme aims to boost the economy of the country by leave travel concession tax-free benefit for various types of purchases subject to certain conditions to the workers of the central government as the scheme is a central government scheme.