The Cabinet has approved the proposal to relax the condition of enhancement of age of superannuation of teachers to 65 in state institutions for the implementation of the revised pay scales on the basis of 6th Pay Commission recommendations and become eligible for receiving Central share of 80% of the arrears payment. It also decided that reimbursement of 80% of the Central share of the arrears be paid in 2-3 installments to those States who have already made the payment and submitted their proposals for reimbursements to the Central Government.
The decision of Cabinet is expected to provide relief to teachers in State institutions with the payment of arrears. It will also benefit State Governments, who will be able to make the arrears payment in installments and also claim reimbursements simultaneously.
Refund is an integral part of Goods and Service Tax law since it is the government reimbursement of taxes to a taxpayer. Thus, the taxpayer as well as the refund authorities have to be fully ac More
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