neesshaaa

TCS for overseas tour packages above ₹50 lakh increased from 5% to 20% in Budget 2023-24

In the Union Budget 2023, it was announced that the government has increased Tax Collection at Source (TCS) for overseas packages from 5%to 20%. Riaz Munshi, President, OTOAI, says that instead of reducing the TCS, it has been increased and it will hamper the business. Rajeev Sabharwal  (CA), Chief Executive, Gaurav Travels, says outbound industry should oppose this move.

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Clear plan & accountability is in place to ensure aggressive promotion in key source/emerging markets: Arvind Singh

Arvind Singh, Secretary, Tourism, has said that the MOT has a clear plan and accountability is in place to ensure aggressive promotion of Incredible India in key source/emerging markets. “Necessary support to Indian tour operators will be channelized by the NTB for effective market penetration and promotion,” he added.

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Better presence of Indian hotels & airlines needed at international trade shows: Singh

Arvind Singh, Secretary, Tourism, has said that at international travel fairs, every country has significant representation of hotels and airlines at their stalls. “However, India only has tour operators and travel agents. There is hardly any presence of hotels and airlines. Going ahead, we need to ramp that up because we have world class airlines and hotels,” he said.

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