https://www.taxtmi.com/news?id=23261 The Government LTC scheme requires actual travel for entitlement; failure to travel leads to deduction of the amount and possible disciplinary action, and employees cannot retain LTC by paying income tax. Entitlements are calculated at full cost inclusive of GST. A temporary third option allows use of LTC amounts for specified non travel purchases via vouchers due to Covid related travel risks, and GST on purchases reflects ordinary consumption rather than a scheme created burden. en-us Wed, 14 Oct 2020 09:28:19 +0530 Wed, 14 Oct 2020 09:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23261 The Government LTC scheme requires actual travel for entitlement; failure to travel leads to deduction of the amount and possible disciplinary action, and employees cannot retain LTC by paying income tax. Entitlements are calculated at full cost inclusive of GST. A temporary third option allows use of LTC amounts for specified non travel purchases via vouchers due to Covid related travel risks, and GST on purchases reflects ordinary consumption rather than a scheme created burden. News - Wed, 14 Oct 2020 09:28:19 +0530 https://www.taxtmi.com/news?id=23261