Central Govt Employees: LTC Cash Voucher Claim Settlement Rules Changed. Details Here

0
38


The LTC claims need to be made earlier than the tip of the monetary yr i.e. March 31 of yearly

Last yr, the central authorities had introduced a particular LTC money package deal for its workers

Bringing in respite to central authorities workers who failed to say their Leave Travel Concession (LTC) profit by May 31, the Department of Expenditure on the Ministry of Finance has issued a recent clarification concerning its LTC Cash Voucher Scheme. The newest notification directed central authorities departments and ministries to contemplate LTC claims made even after the deadline i.e. March 31. Giving the relief, the Department of Expenditure on the Ministry of Finance issued Office Memorandum and mentioned that they’d acquired numerous requests to increase the date of settlement in wake of the consequences of the COVID-19 pandemic and the difficulties confronted in settling the claims and payments.

“Representations have been acquired on this Department to increase the date of settlement of payments/claims past 31.05.2021 in view of the state of affairs present because of the Covid-19 and difficulties being confronted in settling the claims/payments. It has been determined that Ministries/Departments might take into account settlement of these claims/purchases made on or earlier than 31.03.2021 past the due date i.e. 31.05.2021,” finance ministry mentioned.

Generally, the LTC claims have to be made before the end of the financial year i.e. March 31 of every year. However, because of the COVID-19 pandemic, the deadline this year was first extended to May 31 and a memorandum in this regard was issued on May 7.But, since the second wave of the COVID-19 pandemic hit a peak during the month of May, many employees could not submit their claim for LTC cash vouchers and their representative organisation had approached the government for another extension in dates.

Last year, the central government had announced a special LTC cash package for its employees. Since it was not possible to travel because of the COVID-19 lockdowns, the government allowed the employees to receive money through a cash voucher scheme under which a central government servant had to submit bills/claims to their respective department and get cash in return.

The invoices for goods and services purchased under the scheme may be in the name of the spouse or other family member who is qualified for LTC Fare. Multiple bills are accepted when taking advantage of the scheme and the purchases must be from the date of issue of the LTC Cash Voucher Scheme Order dated October 12, 2020, till March 31 this year.

Read all of the Latest News, Breaking News and Coronavirus News right here



Source hyperlink