INSUBCONTINENT EXCLUSIVE:
Travel representatives association has looked for One India One Tourist approach in budgetMumbai: The Travel Agents Association of India
(TAAI) has looked for 'One India One Tourist' approach, which is inclusive of 'One Tax Structure,' in the upcoming union budget plan to
revive the pandemic-hit domestic travel, tourist and hospitality industry.Besides, the Association has actually sought bringing air travel
turbine fuel (ATF) under the ambit of GST to make flight more viable for all stakeholders as well as extension of the emergency situation
credit limit warranty scheme (ECLGS)
There are a number of aspects which can be anticipated in the upcoming Budget to support the entire sector of 'travel tourist and
hospitality,' which will assist in making this sector restore and survive, TAAI, which is headed by Jyoti Mayal, said in a declaration on
For this, it is incredibly essential for both the central and state governments to work in tandem to facilitate this sector and support it
to be consisted of in the concurrent list to get Industry status to make it more structured, the association said.TAAI said the federal
government should make every effort to increase the non reusable income of the middle classes to spur that discretionary spending.According
to the travel agents body, concrete steps ought to be required to enhance capital and lower the operating capital burden on start-ups,
existing MSMEs and SMEs along with access to easy credit, reducing income tax rate and GST rate, abolishment of tax collected at source
(TCS) and wage assistance with ease of business.Besides, reinforcing MSMEs, creating a fund of funds plan for technology adoption for usage
in industry 4.0, restoring the credit linked capital aid scheme (CLCSS) for innovation upgradation are the other steps TAAI is anticipating
in the upcoming union spending plan, it said.To restore this having a hard time sector, we require 'One India One Tourist' technique
inclusive of 'One Tax Structure, TAAI said in the statement, adding that, important points to be considered are e-visa fees waiver for all
traveler visas for 2022-2023, to support incoming revival export status for tourism export earnings.It has actually likewise looked for
double expense allowance for the tourist ministry to make it possible for intensive global reach-out to support the inbound revival as well
as domestic earnings tax travel credit for Indian citizens and Indian companies to support domestic retail and domestic MICE (meetings,
incentives, conferences and exhibitions) pick-up.
