Money

Last date for full and final settlement of bills to avail LTC Special Cash Package Scheme prolonged!

The authorities has come out with a clarification relating to the full and final settlement of bills underneath LTC Special Cash Package Scheme.

Those workers who want to avail the profit of the LTC Special Cash Package Scheme can now submit the bills by May 31. Earlier, the submission of bills or claims with regard to LTC Scheme was to be settled by ministries and departments not later than thirtieth April 2021. Keeping in view of the state of affairs present due to the Covid-19 pandemic, the federal government has now determined that submission of bills claims could also be accepted and settled by departments not later than thirty first May 2021. However, the cost for the purchases ought to have been made not later than the due date, ie. thirty first March 2021.

This clarification relating to the full and final settlement of bills or claims pertaining to LTC Special Cash Package Scheme will assist those that are availing the profit of the scheme however will not be in a position to submit the bills on time.
On October 12, 2020, the federal government had launched the Special Package equal in lieu of Leave Travel Concession Fare for Central Government Employees throughout the Block 2018-21.

The Special Cash Package Scheme in lieu of one LTC is to compensate and incentivize consumption by Government Employees and the advantages might be availed up to 31.03.2021. The LTC money voucher scheme round dated 12.10.2020 supplies for advance to Government workers in lieu of LTC fare and Leave encashment.

The Special Cash Package is in lieu of pending LTC for the Block between 2018-21 and the invoices of the products and companies bought as per the scheme could also be within the title of the partner or any member of the family who’re eligible for LTC Fare. While availing of the supply, a number of bills are accepted.

The buy ought to have been completed from the date of problem of the LTC Cash Voucher Scheme Order dated October 12, 2020, until March 31, 2021. The buy ought to carry a GST of 12% and above and cost ought to have been made to digital mode. The reimbursement is predicated on the manufacturing of invoices with particulars of GST.

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