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interim budget: Hospitality, travel sector players want infrastructure status for hotel industry

Hospitality and travel sector players demand infrastructure status for the hotel industry, tax exemption on LTA, and reduction in income tax levels. They also recommend removal of TDS on automated bookings and reducing the number of licenses required to establish a hotel. The industry seeks rationalization of GST and a Central single window clearance for hotel projects. Lowering of GST rates on hotel room tariffs above Rs 7,500 is also requested.

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Budget 2024: What hotel, travel industries want from Sitharaman

Hospitality and travel sector players on Tuesday demanded infrastructure status for the hotel industry besides measures such as tax exemption on LTA annually to boost domestic tourism ahead of the Union Budget. They also recommended removal of the current TDS levied on automated bookings for internal or closed user groups such as business travel platforms and reducing the total number of licenses required to establish a hotel. A full-blown infrastructure status for the hotel sector and further rationalisation of the Goods and Services Tax (GST) and a Central single window clearance for hotel projects are some of the major expectations from the Budget 2024, Roseate Hotels & Resorts CEO Kush Kapoor said in a statement.

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Hospitality, travel sector players want infrastructure status for hotel industry

Hospitality, travel sector players want infrastructure status for hotel industry
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Kush kapoorMadhavan menonUnion budgetRoseate hotelsServices taxThomas cook india ltdRoseate hotels resortsManaging director vishal suriDigital indiaCook india ltd executive chairman