FAITH highlights industry concerns at prebudget meet

first_imgTherein, FAITH raised the points of export status for tourism, IGST unlocking for hotels, B2B credit for tour operators, transaction-based GST for hotels, GST reduction from 28%, the rate of 1.8% as against 5%, no GST on outbound from India, special status for adventure and heritage, special tourism fund for product development and monetise old heritage buildings, highway facilities creating marine drives along all our seas and river coastlines for encouraging domestic and road tourism.  The Federation of Associations in Indian Tourism and Hospitality (FAITH) was recently invited to attend the pre-budget meeting with Arun Jaitley, Union Finance Minister along with other officials.  For IGST and export status, they have recommended approaching law team of GST.center_img FAITH was invited to represent the travel, tourism and the hospitality industry. All the participants were very appreciative of tourism inputs. The federation is now going to follow up on this meeting with the Finance Minister by meeting the officials in Ministry of Finance and Ministry of Tourism.last_img