New Delhi: The Travel Agents Association of India (TAAI) has called for a ‘One India One Tourism’ approach in the upcoming Union Budget with a ‘One Tax Structure’ 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 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.
For this, it is imperative for both the central and state governments to work together to facilitate the sector and make it more structured and support inclusion in the concurrent list for obtaining industry status, the association said.
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, considering important points for all tourists for 2022-2023 There is e-Visa fee waiver for visas. , to support the revival export situation inbound 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.
According to TAAI, the association is also considering a Global Bidding Fund in the Union Budget 2022-23 to enable bid support to Indian MICE companies to bring global MICE events to India.
Last and foremost is a structured mechanism to secure payment of travel agents to ensure security for the existence of travel agents and operators.
TAAI said the payment of travel agents to the principal is unsecured credit and it needs to be ensured that some sort of mechanism, whether escrow or guarantee or underwriting based mechanism exists, to capture the money of travel agents.
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function disqusToggle() {
var id = $(this).attr("id");
$("#disqus_thread1" + id).toggle();
};*/
//$(".main-rhs2429975").theiaStickySidebar();
var prev_content_height = $(content_selector).height();
//$(function() {
var layout = $(content_selector);
var st = 0;
///});
}
}
});
/*}
};*/
})(jQuery);
,