10-15% employees would use the LTC Scheme
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New Delhi, Oct. 13 -- In the case of LTC scheme announced by Finance Minister Nirmala Sitharaman, it is doubtful how many will avail this scheme if the person availing this also has to pay GST amount out of his/her pocket then it will be a burden on the person and in fact he would be better off paying taxes on the amount availed by him, a research by State Bank of India said.
After a long clamour for fiscal stimulus the Government came up with measures with direct fiscal support to people and states and to generate demand. However, the announcements have come with a "conditions apply" tag.
"In the case of LTC scheme, it is doubtful how many will avail this scheme as if the person availing this also has to pay GST amount out of his/her p...
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