Finance Minister Nirmala Sitharaman is poised to present the Union Budget 2024-25 on July 23. Senior citizens, in particular, are looking forward to potential announcements that could impact their financial landscape.
Centre should reduce the Goods and Services Tax (GST) on the sector, allocate more funds for skill development, and provide incentives to invest in sustainable tourism. Currently, different services in hotels and restaurants attract different GST slabs. FHRAI said that a 12 per cent rate should be imposed across all categories.