Wait...

Online Export Import Data Search Search

Complete Training Video : Click Here

Govt plans sops for industries servicing foreign tourists.


Date: 11-08-2017
Subject: Govt plans sops for industries servicing foreign tourists
The government aims to roll out the red carpet for the industries servicing foreign tourists by giving such sops as “zero-rate GST” and even reimbursement of certain taxes to tour operators engaged in servicing foreigners. The Ministry of Commerce and Industry has sought comments from relevant ministries to draw up “Action Plan for Champion Sectors in Service” to be finally approved by the Cabinet. One of the focus areas is the meetings, incentives, conventions, exhibitions (MICE) sector, which is fast growing yet nascent in India. The draft Cabinet note proposes to bring Indian players engaged in this industry under a “zero-rate GST” regime if the payments are in foreign exchange, to boost exports. It also proposes to reimburse certain local taxes to bulk tour operators of foreign tourists, so that the benefits can be passed on to the tourists eventually. In an estimated business of $300 billion in the MICE economy in the world, India occupies only 1.2 per cent of the global convention business and is ranked 25th in delegate attendance, according to government estimates.

To make the experience of foreign tourists in India more seamless and in line with global standards, the government also proposes to integrate certain local taxes levied on foreign tourists across India, as per the draft Cabinet note. Since the development of the country’s transport ecosystem is key to the overall experience of foreign tourists in India, the draft note proposes radical changes like restricting access to railway platforms only to bona fide passengers and charging higher fees for non-passengers like in airports. The proposal calls for linking all World heritage sites and ASI sites with railway connectivity. It envisages world-class lounges for foreign tourists across all major railway stations as well.

Source: indianexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 13-10-2017
Notification No. 44/2017-Central Tax
Seeks to extend the time limit for submission of FORM GST ITC-01

Date: 13-10-2017
Notification No. 43/2017-Central Tax
Seeks to extend the time limit for filing of FORM GSTR-6

Date: 13-10-2017
Notification No. 42/2017-Central Tax
Seeks to extend the time limit for filing of FORM GSTR-5A

Date: 13-10-2017
Notification No. 41/2017-Central Tax
Seeks to extend the time limit for filing of FORM GSTR-4

Date: 13-10-2017
Notification No. 40/2017-Central Tax
Seeks to make payment of tax on issuance of invoice by registered persons having aggregate turnover less than Rs 1.5 crores

Date: 13-10-2017
Notification No. 39/2017-Central Tax
Seeks to cross-empower State Tax officers for processing and grant of refund

Date: 13-10-2017
Notification No. 38/2017-Central Tax
Seeks to amend notification no. 32/2017-CT dated 15.09.2017 so as to add certain items to the list of “handicrafts goods”

Date: 09-10-2017
Public Notice No. 29/2015-2020
Amendment in para 5.25 of HBP 2015-20 of the Handbook of Procedures (HBP) of Foreign Trade Policy (FTP) 2015-20 – regarding

Date: 06-10-2017
Notification No. 48/2017-Customs (ADD)
seeks to impose definitive anti-dumping duty on the imports of " Wire Rod of Alloy or Non- Alloy Steel " originating in or exported from China PR.

Date: 06-10-2017
No. 47/2017-Customs (ADD)
Seeks to continue imposition of anti-dumping duty on imports of "Melamine" originating in or exported from European Union, Iran, Indonesia and Japan.



Exim Guru Copyright © 1999-2017 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001