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 :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: cpt :: empanelment :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT Audit :: articles on VAT and GST in India :: TDS :: list of goods taxed at 4% :: form 3cd
 
 
« General »
 Why consumers should welcome GST
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956
 Introduce indemnity clauses with suppliers on tax compliance: Expert

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