The Travel Agents Association of India (TAAI) has called for a ‘One India One Tourism’ approach, which includes ‘One Tax Structure’, in the upcoming Union Budget to revive the pandemic-hit domestic travel, tourism and hospitality industry.
Further, the association has sought to bring aviation turbine fuel (ATF) under the purview of GST to make air travel “more viable” for all stakeholders as well as extension of the Emergency Credit Line Guarantee Scheme (ECLGS).
TAAI, headed by Jyoti Mayal, said in a statement that there are several aspects that can be expected to support the entire sector of ‘travel tourism and hospitality’, which will help the sector to revive and survive. Saturday.
The association said, “For this, it is imperative for both the central and state governments to work together to facilitate the sector and support inclusion in the concurrent list for achieving industry status to make it more structured.” Is.”
TAAI said the government should try to increase the disposable income of the middle class to increase that discretionary spending.
According to the travel agents body, to improve cash flow and reduce the working capital burden on startups, existing MSMEs and SMEs as well as easier credit, lower income tax rate and GST rate, eliminate tax at source Concrete steps should be taken. (TCS) and Pay support with Ease of Business.
Besides this, strengthening MSMEs, creating a corpus of funds scheme for technology adoption for use in Industry 4.0, reviving the Credit Linked Capital Subsidy Scheme (CLCSS) for technology upgradation are other steps TAAI expects in the upcoming Union Budget. Has been doing.
To revive this struggling sector, “we need a ‘one India one tourism’ approach which includes ‘one tax structure’,” TAAI said in the statement, adding that the important points to be considered for all tourist visas for 2022 are: E-Visa fee is waived for -2023, to support the inbound revival export situation for tourism export earnings.
Ministry of Tourism to enable deeper global reach to support domestic income tax travel credit along with inbound revival for Indian citizens and Indian companies to support domestic retail and domestic MICE (meetings, incentives, conferences) Double expenditure allocation has also been demanded for and exhibitions) pick-up.