Tag Archives: Union Finance Minister

IATO urges Finance Ministry to consider GST rationalisation at GST council meet

In a written appeal, IATO has urged the Union Finance Minister to ask the GST council to consider rationalisation or lowering of GST on various tourism related services at their upcoming meeting. In a statement, IATO has said that this would help boost the sector as and when the revival happens.  Rajiv Mehra, President IATO, said “The inbound tourism has been the worst hit and if we were to get these financial relief it will help us give us some strength to bounce back. Sincerely hope that our requests will be given serious consideration by the GST council. I would also request the Ministry of Home Affairs to start planning on opening an E-Tourist Visa in phases as Vaccination in many source markets like USA, UK and other European Markets are almost complete. This can be done in stages and on reciprocal basis, so that inbound tourism business can start which will not only revive economic activities but also will bring back jobs lost during the last 14 months.”

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Seven companies shortlisted under ‘Adopt a Heritage Scheme’

Under the ‘Adopt a Heritage Scheme’ of Ministry of Tourism, seven shortlisted companies or Monument Mitras have been given the Letter of Intent for the adoption of 14 monuments, which were presented at the closing ceremony of the three-week-long ‘Paryatan Parv’ at Rajpath Lawns, New Delhi. K.J. Alphons, Minister of State (I/C) for Tourism, Government of India, said, “We had over 1200 events across numerous sites in the country, across schools, monuments etc. In the past 20 days, we have turned India into a land of celebrations with the help of our 18 sister ministries and thanks to the overwhelming participation of our own people.” SBI Foundation was shortlisted for the adoption of Jantar Mantar, Delhi, while TK International Limited would be adopting Sun Temple, Konark; Raja Rani Temple, Bhubaneshwar, and Ratnagiri Monuments, Jajpur, Odisha. On the other hand, Yatra Online Pvt. Limited would adopt Hampi, Karnataka; Leh Palace, Jammu & Kashmir; Qutub Minar, Delhi and Ajanta Caves, Maharashtra. Travel Corporation of India Ltd. was shortlisted for the adoption of Mattancherry Palace Museum, Kochi, and Safdarjung Tomb, Delhi. Adventure Tour Operator Association of India (ATOAI) will be adopting Gangotri Temple Area and Trail to Gaumukh, as well as Mt. StokKangri, Ladakh, Jammu and Kashmir. Special Holidays Travel Pvt. Ltd., along with Rotary Club of Delhi was shortlisted for the adoption of Agrasen ki Baoli, Delhi, and NBCC would adopt Purana Quila, Delhi. Arun Jaitley, Union Finance and Corporate Affairs Minister, Government of India, also the Chief Guest presented certificates to the ‘Best Participating Central Government Ministry and Best Participating State Government’ at the closing ceremony. The grand spectacle included cultural performances by different state troops, craft mela showing diverse handicrafts …

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OTOAI urges FinMin to amend tax abatement for agents

The Outbound Tour Operators Association of lndia (OTOAl) has written to Union Finance Minister Arun Jaitley regarding the recent amendment in Service Tax, which would impact outbound tour markets. Explaining how the agents will not be given any input credit on the tax they pay, OTOAI has said that this would hamper the growth of the tourism industry. OTOAI has urged the finance minister to consider that the abatement available to tour operator should be amended to provide a choice to the tour operator to opt for a lower abatement along with CENVAT credit on input services or opt for a higher abatement without claiming the CENVAT credit on input services. The letter undersigned by OTOAI President Guldeep Singh Sahni reads, “As the actual margin earned by the tour operators is only 3 to 5 per cent, the increase in taxable value to 60 per cent will significantly negatively impact the sector and increase the cost of outbound tours.”

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