Mumbai, travel agent body TAAI on Monday sought a slew of measures, including simple visa requirements and encouraging visa-free entry for tourists visiting India, rationalization of GST rates and GST credit, and the status of the industry for all stakeholders in the segment, among others. for the domestic travel and tourism sector, which contributes 5.8 per cent to the Indian economy.
"The Union Budget 2024 holds significant expectations for India's travel and tourism sector. India's travel and tourism sector contributes 5.8 per cent of the GDP and aims for a target of 1 trillion dollars by 2047. We hope the budget addresses these priorities," travel agents said. The Association of India (TAAI) said.
He said these measures, if implemented, can significantly improve India's travel and tourism industry, benefiting both businesses and travelers.
The Travel Agents Association of India (TAAI) in a statement also said that despite its various representations on concerns over ease of doing business, Goods and Services Tax (GST) and tax collected at source ( TCS), among others, related to the travel industry at the time of the interim budget in February this year were ignored.
The Association said it had expressed dissatisfaction with the interim budget presented by Finance Minister Nirmala Sitharaman ahead of this year's parliamentary elections.
TAAI reiterated its earlier request in a detailed communication to Sitharaman, Civil Aviation Minister Kinjarapu Rammohan Naidu and Tourism and Culture Minister Gajendra Singh Shekhawat on July 5, ahead of the presentation of the Union Budget later this month, said.
The Association said it hopes that the government will continue to focus on infrastructure in the upcoming Union Budget by establishing new airports through private participation, rapid expansion in railways, roads and waterways (sea and river cruises), besides development of high growth areas like religious circuit, MICE, wellness and hidden gems like Lakshadweep.
Stating that there is a need to simplify visa requirements and encourage visa-free entry for tourists visiting India, which can significantly improve foreign tourist arrivals, TAAI has also called for a considerable reduction in turbine fuel costs. aviation (ATF) to pre-pandemic levels, saying that This measure would improve accessibility to air travel.
The Association said it also hopes for a more favorable GST structure that allows input tax credit for holiday businesses.
This could lead to more affordable hotel stays, making accommodation accessible to tourists and encouraging investment in the sector, he said.
"The Union Budget 2024 holds significant expectations for India's travel and tourism sector. India's travel and tourism sector contributes 5.8 per cent of the GDP and aims for a target of 1 trillion dollars by 2047. We hope the budget addresses these priorities," travel agents said. The Association of India (TAAI) said.
He said these measures, if implemented, can significantly improve India's travel and tourism industry, benefiting both businesses and travelers.
The Travel Agents Association of India (TAAI) in a statement also said that despite its various representations on concerns over ease of doing business, Goods and Services Tax (GST) and tax collected at source ( TCS), among others, related to the travel industry at the time of the interim budget in February this year were ignored.
The Association said it had expressed dissatisfaction with the interim budget presented by Finance Minister Nirmala Sitharaman ahead of this year's parliamentary elections.
TAAI reiterated its earlier request in a detailed communication to Sitharaman, Civil Aviation Minister Kinjarapu Rammohan Naidu and Tourism and Culture Minister Gajendra Singh Shekhawat on July 5, ahead of the presentation of the Union Budget later this month, said.
The Association said it hopes that the government will continue to focus on infrastructure in the upcoming Union Budget by establishing new airports through private participation, rapid expansion in railways, roads and waterways (sea and river cruises), besides development of high growth areas like religious circuit, MICE, wellness and hidden gems like Lakshadweep.
Stating that there is a need to simplify visa requirements and encourage visa-free entry for tourists visiting India, which can significantly improve foreign tourist arrivals, TAAI has also called for a considerable reduction in turbine fuel costs. aviation (ATF) to pre-pandemic levels, saying that This measure would improve accessibility to air travel.
The Association said it also hopes for a more favorable GST structure that allows input tax credit for holiday businesses.
This could lead to more affordable hotel stays, making accommodation accessible to tourists and encouraging investment in the sector, he said.
