Tag Archives: FM

LTC funds can now be used to spend on items in 12% GST category

FM Nirmala Sitharaman made a slew of announcements to stimulate consumer spending and capital expenditure, including a special LTC (Leave Travel Concession) cash voucher. She said LTC funds could be used to spend on goods and items in the 12% GST category. However, FAITH and TAAI expressed disappointment stating that LTC funds of government employees will now be redirected to buy consumer goods.

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