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OTOAI writes to finance minister, seeks concessions for outbound travel agents

Posted : 22 January 2022 07:49:00 | By TWO Bureau | GNN Bureau

OTOAI writes to finance minister, seeks concessions for outbound travel agents

The Outbound Tour Operators Association of India (OTOAI) recently wrote to finance minister Nirmala Sitharaman, ahead of Budget 2022, requesting certain reliefs and concessions for outbound tour operators.



The requests include: roll back TCS, not make PAN card mandatory for foreign remittances, relief from GST for a minimum period of two years, grant lower interest loans to travel agents and tour operators for at least one year, include outbound tours under the LTC scheme so that business avenues can grow for outbound tour operators, and lastly, the much-awaited industry status should be granted to the travel tourism sector.



Riaz Munshi, President of OTOAI, said: “We understand the plight of the outbound sector, which has suffered immensely in the last 22 months. The decision of yet again postponing the movement of commercial international flights from India till February 28 has not only dampened our spirits but also closed the business doors for us. Thus, it becomes vital that the government offer some relief to the outbound tour operators by taking into consideration the above mentioned requests made by us.”




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Tags : OTOAI, Finance Minister, concession , TCS, GST relief, survival of tourism,


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