Association of travel agents sought a “One India One Travel” approach in budgeting
Mumbai:
The Travel Agents Association of India (TAAI) has sought a ‘One India One Travel’ approach, including a ‘One Tax Structure’, in its upcoming union budget to revitalize the tourism industry. Tourism and hotels in the country are suffering from a pandemic.
In addition, the Association has sought to bring aviation turbine fuel (ATF) under GST to make air travel “more viable” for all parties involved as well as to expand its guarantee program. emergency line of credit (ECLGS).
There are several aspects that can be expected in the upcoming Budget to support the entire sector of ‘travel and hospitality,’ that will help make the sector revive and survive, TAAI, led by Jyoti Mayal heads, said in a statement on Saturday.
For this, it is extremely important that both the central and state governments work in tandem to facilitate the sector and support its inclusion on the co-listing. time to get the industry position to make it more structured,” the association said.
TAAI said the government should try to increase the disposable income of the middle classes to spur that discretionary spending.
According to the travel agency, concrete steps need to be taken to improve cash flow and reduce the working capital burden for existing startups, MSMEs and SMEs with easy access to credit, income tax and GST reductions, tax abolition at source (TCS) and wage support for ease of doing business.
In addition, strengthening MSMEs, creating funds for technology application programs for use in industry 4.0, and restoring the credit-linked capital support (CLCSS) program to upgrade technology are steps. other TAAI is expecting in the upcoming union budget.
To revive this struggling sector, “we need a “One India One Tourism” approach that includes a “One Tax Structure”, TAAI said in the statement, adding that the points Important to be considered is the exemption of e-visas for all tourist visas for 2022-2023, to support the recovery of export status in the country for tourism export earnings.
It has also sought to allocate double spending to the tourism department to allow for a far-reaching global reach to support a domestic revival as well as a domestic income tax travel credit for Indian nationals and Indian companies to support domestic retail and domestic MICE (meetings, incentives, conferences and exhibitions) pickup.
