https://www.taxtmi.com/notifications?id=135603 Rule 2B is amended to allow, for the assessment year beginning 1 April 2021, a limited exemption where an individual opts for cash allowance in lieu of travel concession for one unutilised journey; the exemption is capped or limited to one third of specified expenditure, conditional on election to claim the proviso, payments to GST registered persons during the specified period by prescribed account payee or electronic modes, and possession of a tax invoice; specified expenditure is defined by GST applicability at or above twelve per cent. en-us Wed, 05 May 2021 00:00:00 +0530 Wed, 02 Mar 2022 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135603 Rule 2B is amended to allow, for the assessment year beginning 1 April 2021, a limited exemption where an individual opts for cash allowance in lieu of travel concession for one unutilised journey; the exemption is capped or limited to one third of specified expenditure, conditional on election to claim the proviso, payments to GST registered persons during the specified period by prescribed account payee or electronic modes, and possession of a tax invoice; specified expenditure is defined by GST applicability at or above twelve per cent. Notifications Income Tax Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135603