Tourism industry seeks reduction in GST rate, tax benefits to revive sector

According to them, the Covid-19 pandemic has wreaked havoc on the travel, tourism and hospitality industry, resulting in a loss of Rs 15 trillion and putting up to 40 million jobs at risk

Key stakeholders of the country’s travel and tourism industry on Thursday put forward a proposal to the government that included a bunch of measures required to revive the beleaguered sector. Led by policy advocacy body Federation of Associations in Indian Tourism & Hospitality (FAITH), a group of major hospitality industry associations have demanded a reduction in goods and services tax (GST) rate, tax benefits and a dedicated fund for the sector.

According to them, the Covid-19 pandemic has wreaked havoc on the travel, tourism and hospitality industry, resulting in a loss of Rs 15 trillion and putting up to 40