Trade initiates petition to withdraw 5% TCS on overseas remittance; crosses 5,000 signatures

Upset by the recent proposal by the IT department to impose 5% TCS on overseas remittance as well as sale of overseas tour package, the travel trade has united to file online petitions on the PMO website urging the government to withdraw the same, claims Pradeep Saboo, Partner, Guideline Travels LLP. He said that he realised there was an urgent need to represent the travel trade to the government on this issue. “Even though I am not part of any trade association, I wanted to bring the industry together in some small way. I have started encouraging travel agents and tour operators like me to go on the PMO grievance website and post their contact details along with the message for withdrawing TCS.”
The link for this is where the agent will need to fill in the contact details and put in their suggestion. To help with this, Saboo has also created a ready message that they can copy-paste in the feedback box. He started this on Friday, February 14, 2020 and more than 5,000 individuals signed up for this within the first 48 hours. Saboo pleads, “Please spare two minutes to make a difference to our trade which is facing a very difficult time. This will also affect those who sell cruises.” Saboo adds that he will arrange a meeting between the various trade associations and the travel agents and tour operators soon, post which they will look to send a delegation to meet the PMO or the Finance Ministry.

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