Yet no industry status for tourism: Subhash Goyal

Subhash Goyal, Hon. Secretary, FAITH, laments over the Government’s ignorance towards tourism trade’s demand for industry status. “While the government has taken many initiatives to boost business and infrastructure, we’ve got a mixed reaction from the trade on the Budget. Increasing the threshold limit for Corporate Tax from Rs. 50 crore to Rs. 250 crore is a welcome move as it will benefit SMEs. Building international airports around the country, offering Wi-Fi in trains and railway stations is a welcome move as well. Also, encouraging investment in sea plane activities would benefit tour operators in boosting coastal tourism,” he says. However, Goyal adds, “The government failed to meet two of or demands. One was to differentiate tour operators on the basis of FEEs under GST and another was GST to be reduced for five-star hotels from 28 per cent to 18 per cent. We are not happy about the government not giving tourism industry status.”