TaxTMI 
TaxTMI 
Dear Expert,
There is some scheme to get benefit of LTA if we purchased goods after paying 12% GST. Whether we can also purchase goods on which GST payable @18% or more. Please give your valuable suggestions.
REGARDS,
WADHWA
CLAIM OF LTA
26 Jul 2021 
5 Replies 
1158 Views Asked by
LTA exemption scheme permits purchases taxed above minimum GST rate and non-cash payments to qualify for benefit.
Discussion states that the cash voucher LTA exemption applied where purchases bore GST at or above a specified rate and were paid by non-cash methods; the exemptible amount was described as one-third of the purchase or the LTA received, whichever is less, and the scheme applied only to purchases within the stated window ending in March 2021. (AI Summary)
Discussion states that the cash voucher LTA exemption applied where purchases bore GST at or above a specified rate and were paid by non-cash methods; the exemptible amount was described as one-third of the purchase or the LTA received, whichever is less, and the scheme applied only to purchases within the stated window ending in March 2021. (AI Summary)