Akhil Arora, COO, Espire Group, shares the fiscal contingency plans that the government can earmark to deal with the uncertainties that keep affecting the hospitality sector
Nirmala Sitharaman
Posted inBusiness
Seeking fiscal succour from the pandemic’s tumult
While temporary measures like moratorium and ECLGS schemes allowed the hospitality sector to steer through the pandemic, these now need revaluation and restructuring
Posted inBudget Wishlist
Hopping back on the road to recovery
Rationalising the tax structure will help reduce complexities and enable the travel and hostel industry to accelerate business further
Posted inBudget Wishlist
Place no limits
Curbs on seating in F&B outlets will greatly impact the F&B business
Posted inBudget Wishlist
Protect and support to help in survival
While the government has supported the industry with its progressive policies, it needs more protection to survive
Posted inBudget Wishlist
Increase LTA to incentivise people to travel
This will help the industry cater to 15 to 18 million domestic tourists
Posted inBusiness
FHRAI urges Nirmala Sitharaman to bring OTAs under the GST coverage
By bringing OTAs under the GST provision will end tax evasion by thousands of illegal accommodation units listed on the OTAs and benefit the exchequer.
Posted inBusiness
IATO representatives meet Finance Minister seeking relief measures for revival of tourism
The delegation also discussed about the cascading effect of multiple GST on the tour operators and requested her to remove this anomaly by charging GST on the deemed total value which could be 10% of gross billing of the tour operators.
Posted inBusiness
Industry hails Finance Ministry’s loan guarantee scheme, free tourist visas
Free visa to first 5 lakh tourists will aid in faster recovery of inbound tourism
