Tag Archives: President

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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‘Inter-ministerial board with state govts can resolve adventure tourism issues in India’: Ajeet Bajaj

Ajeet Bajaj, President, ATOAI, has said that setting up the National Board for Adventure Tourism by the Ministry of Tourism, Government of India, is a welcome step, “We have already had two board meetings and are gaining momentum. This inter-ministerial board with state governments’ participation will help resolve many issues pertaining to adventure tourism in India.”

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We will have speakers who have built brands, re-invented businesses: Ajay Prakash

Sharing details of the business sessions during the upcoming TAFI convention in Kuching, Malaysia, Ajay Prakash, President, TAFI, says, “We will explore the theme – Build Back Better – in detail during our knowledge sessions. We have invited speakers who have built back brands after Covid and who have re-invented their businesses so they can share their experience with everyone.”

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IATO calls off annual convention scheduled in Bengaluru: Rajiv Mehra

Rajiv Mehra, President, IATO, has said that the 37th IATO Annual Convention, which was scheduled to be held in Bangalore from 15th to 18th September 2022 has been called off due to unavoidable circumstances arising out of the withdrawal of support by the Karnataka Tourism in spite of giving written confirmation for hosting the convention in Bangalore. Mehra informed that all arrangements made for the convention in Bangalore have been cancelled due to this development which are beyond our control. IATO had booked 400 rooms at Hotel Hilton and Hilton Garden Inn and the convention hall but had to release all bookings due to withdrawal of support from Karnataka Tourism in spite of announcing the same at the inaugural function of IATO 36th Annual Convention in Gandhinagar, Gujarat in the presence of Hon’ble Chief Minister of Gujarat and over 750 delegates. This development is very unfortunate which IATO never expected from Depart of Tourism, Govt. of Karnataka. The convention may now happen in December.

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IATO seeks 5-10% of duty drawback for tour operators on forex earnings

Rajiv Mehra, President, IATO, has shared that they know that SEIS will not be given by the government. Hence, they have requested the Ministry of Finance and Ministry of Commerce that at least for tour operators and travel agents, whatever they earn in foreign exchange, a 5-10% duty drawback should be given to them. “But nothing has happened. We have had no response or no further meetings on this with them. There has been no headway. So, it looks like the government doesn’t want to do that. We have told them that to support the industry, this is the minimum they can do.”

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