Govt. introduces Special Leave Encashment Scheme, allows LTC for items attracting 12% GST

FM Nirmala Sitharaman during a Press Conference held earlier today addressing Economic Issues, introduces Special Leave Encashment Scheme in Leave Travel Concession (LTC) for persons who could not travel/avail the scheme due to COVID-19; Clarifies that Govt. employees opting for the scheme will have to spend the travel fare/ ticket fare component three times more on GST items which fall in the slab of 12% or more by March 31, 2021; Further, specifies that for purchase of such...