Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: due date for vat payment :: cpt :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: form 3cd :: VAT RATES :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: empanelment
 
 
General »
 Simplified one page Income Tax Return Form: Changes to keep in mind before filing tax return for AY2017-18
  No proposal to replace Income Tax with Banking Cash Transaction Tax
 GST coming July 1 despite calls for delay: Revenue Secretary Hasmukh Adhia
 Centre introduces provision of taxation on NPS in Income Tax Act
 Income Tax Department Clarifies On Cash Withdrawal From Banks, Post Offices
 The Goods And Services Tax (Compensation To States) Bill, 2017
  Goods and Service Tax (GST) and Real Estate Sector
 New Income Tax Rules On Home Loan Come Into Effect
 Here's how late filers can save on stress and taxes
 Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib ?Kalyan Yojana, 2016
 Companies should invest in upgradation of tax technology

Tourism minister to meet PM tomorrow for tax reduction in tourism sector
June, 22nd 2011

Union tourism minister Subodh Kant Sahay will meet Prime Minister Manmohan Singh on Thursday to seek his intervention in reducing taxes in the tourism sector. Sahay along with senior officials including four secretaries from the ministries of finance, civil aviation, external affairs and surface transport will meet Singh to ensure rationalisation of the tax structure for development of the tourism sector in a coordinated manner with the involvement of all ministries concerned.

"Currently the taxation on tourist packages is about 27% which include luxury tax, services tax, road tax and air ticket tax in the country which is one of the highest in the world," said a senior tourism ministry official.

There is a constant demand for reduction of various taxes in the tourism sector as the higher tax structure is adversely affecting the industry, he said.

Sahay will also seek significant enhancement in fund allocation for the sector.

Besides senior officials, a delegation of stakeholders in tourism including hoteliers and tour operators will also accompany Sahay to seek the PM's intervention to give a boost to the tourism industry in the country.

The tourism minister will make a presentation of a blueprint to bring all states on a common platform for the development of tourist destinations through public-private participation.

The official said Sahay will seek changes in policy relating to development of tourism infrastructure and will also emphasise on a competitive tax regime both at Central and state levels.

The travel and tourism sector had contributed 5.92% towards the GDP and 9.24% towards employment generation in 2007-08.

It is estimated that there were 49.8 million tourism-related jobs in 2007-08.

A senior tourism ministry official said the need of the hour is to attract more foreign tourists and to create more tourist destinations with active private participation.

In the last few years, the tourism sector has witnessed significant growth. Foreign tourist arrivals have reached 5.58 million in 2010 from 3.92 million in 2005. Domestic tourist visits have also gone up to 650 million in 2009 from 392 million in 2005.

However, though the growth in tourism has been impressive, India's share in total global tourist arrivals is quite insignificant.

While China had 5.80% of the world's tourism arrivals in 2009, India's share was a modest 0.59%.

Though India has tremendous potential for tourism development with its diverse natural and cultural richness providing the basis for a wide range of experience to the visitors, the major impediment in the sector is unhygienic conditions at tourist destinations, the official said.

"The ministry plans to run various campaigns through state participation to maintain hygienic standards at tourist destinations," he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions