Budget 2018: Tourism sector wants Jaitley to cut GST on sub-Rs 7,500 rooms

Finance Minister Arun Jaitley in the upcoming Budget 2018

GST should apply only to services rendered in India, and govt should also look at developing MICE clusters in and around key metro cities and tourist destinations, says Cox & Kings CEO Peter Kerkar


BUDGET NEWS     :    The tourism enterprise is one of the key drivers of employment generation and inclusive increase in India. And, it can be made to be even greater critical as a zone of the financial system with some push from Finance Minister Arun Jaitley in the approaching price range 2018.

in keeping with the tourism ministry, the tourism sector money owed for six.88 per cent of the u . s .’s overall gross home product (GDP), and 12.36 according to cent of the whole employment in phrases of jobs. consequently, it's miles imperative that the Narendra Modi-led critical government could take essential steps to nurture this enterprise.

a good way to enhance home and inbound tourism, the government ought to reduce the products and services tax (GST) rate, that is 18 according to cent on resort rooms with tariff inside the variety of Rs 2,500 to Rs 7,500 a night. this is very excessive while in comparison with our competing destinations, so it's far essential that we rationalise this rate to live aggressive as an enterprise.

a good way to develop the domestic and inbound meetings Incentives meetings and occasions (MICE) industry, the government have to expand MICE clusters in and around key metro towns and traveler destinations. that would help create an entire environment for the MICE industry to flourish.

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