Tourism Breaking News
In a bid to simplify tax regime, Delhi Government has announced increase in threshold limit of Luxury Tax from existing Rs 750 to Rs 1,500. “This will reduce tax burden on citizens and tourists and make it easy for small hotels to do business,” said Delhi Deputy Chief Minister and Finance Minister Manish Sisodia. The government has decided to introduce self declaration in Luxury Tax. Assessment of all hotels is compulsory and will be done on random basis. The revenue collection from Luxury Tax has seen an increase of 36.7 per cent. As against last year’s Rs 322 crore of revenue from Luxury Tax, this year will exceed Rs 440 crore is estimated to be collected. Last year, the government had enhanced Luxury Tax from 10 per cent to 15 per cent for all applicable establishment.
Read More »
Breaking News
- World’s steepest cableway opens Switzerland with a new direct connection between Stechelberg and Mürren
- AP Tourism Minister unveils state’s Tourism Policy 2024-2029, aims to attract ₹25,000 crore investment
- Tourism is not just about economic value, but also about fostering deeper global ties: Puneet Chhatwal
- Infrastructure is the scaffold holding tourism sector together, says Mugdha Sinha, Director General, MOT
- Year End Hospitality Quote from Dr. K Prakash Shetty , Founder & Chairman , MRG Hospitality & Infrastructure Pvt. Ltd
- Tourism Minister Shekhawat urges industry to create document on reinstating SEIS scheme in a new format
- ITQ to implement tech solutions for travel agents to help them handle their customers better and scale up their business: Anoop Tewari
- More Indians want to fly business class this holiday season
- India leads global tourism surge with record spending and luxury travel trends
- Unless we address the supply side immediately, we risk missing the tourism opportunity altogether: Suman Billa
- We must shift focus to international market, specially high-value tourism, for greater unit value realisation: Amitabh Kant