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Reduction in taxation has 10 times higher multiplier impact on growth of leisure tourism: Anand
Posted :
10 March 2023 11:34:14
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TWO Bureau
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GNN Bureau
Federation of Associations in Indian Tourism & Hospitality (FAITH), the national tourism policy body has expressed its sincere thanks to PM Narendra Modi for stressing the importance of the tourism sector during the recent post-budget webinar and offering valuable suggestions to all stakeholders to put tourism development on a mission mode- a term generally used for most critical infrastructure projects.
“FAITH wishes to reaffirm to the PM that we have taken his message and we would partner with the ministry of tourism (MOT) to put India on the most sought-after tourist destination. While we are on it, would request the tourism ministry to revive and raise the budget for promoting India abroad. Also would urge the government to comprehensively look at lowering the GST on the entire hospitality sector as high taxation makes India an expensive tourist destination vis-a-vis Sri Lanka, Thailand and other neighbouring South East countries. Every percentage reduction in taxation has a 10 times higher multiplier impact on the growth of the overall leisure and tourism sector,” said Nakul Anand, Chairman, FAITH.
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Tags :
#FAITH, #NationalTourismPolicy, #pmmodi, #GST
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