https://www.taxtmi.com/news?id=23252 The package provides a Leave Travel Concession Cash Voucher Scheme and a one time Special Festival Advance to stimulate consumer spending, requiring that cash-in-lieu benefits be spent on goods or services attracting GST of 12% or more from GST-registered vendors via digital payments with GST invoices; the Festival Advance is interest-free, disbursed via preloaded RuPay cards and recoverable in instalments. Separately, interest-free 50 year loans to states for capital expenditure are allocated in three parts, disbursed in two tranches subject to utilisation, to be spent within the prescribed timeframe and treated as additional to other borrowing ceilings. en-us Mon, 12 Oct 2020 17:50:04 +0530 Mon, 12 Oct 2020 17:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23252 The package provides a Leave Travel Concession Cash Voucher Scheme and a one time Special Festival Advance to stimulate consumer spending, requiring that cash-in-lieu benefits be spent on goods or services attracting GST of 12% or more from GST-registered vendors via digital payments with GST invoices; the Festival Advance is interest-free, disbursed via preloaded RuPay cards and recoverable in instalments. Separately, interest-free 50 year loans to states for capital expenditure are allocated in three parts, disbursed in two tranches subject to utilisation, to be spent within the prescribed timeframe and treated as additional to other borrowing ceilings. News - Mon, 12 Oct 2020 17:50:04 +0530 https://www.taxtmi.com/news?id=23252