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To boost domestic and inbound tourism, the travel and tourism industry has requested the government to consider a uniform 12 per cent GST rate on hotels in the upcoming Budget for 2024-2025. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23.
The tourism department’s proposal to introduce a ‘tourism development and sustainability’ fee has been met with consternation, with stakeholders pointing out that it goes against everything that the industry has been recommending to state govt. Industry players also said that the introduction of a new tax for the sector defeats the very purpose of GST which aimed at subsuming all taxes.
The tourism and exports industries are pushing for tax refunds to overseas tourists on goods being taken outside India, on…