In a highly involved and a patient interaction with FAITH, union minister Dr. Mahesh Sharma, fully understood the implications of a favourable GST regime for tourism and hospitality in India and the perils of an unfavourable one.
He appreciated the criticality of amending Section 2(44) (c) in draft GST law for exports status and the significance of keeping a GST rate less than 10 per cent for domestic tourism industry. Dr. Sharma has proposed the very relevant approach to sensitise and engage with key political leadership at the union government level of this criticality and how a favourable GST regime for tourism can – spur jobs induced by tourism up to nine crores across our hinterlands, of how it will boost our forex inflow to US$ 30-35 billion annually and reduce the current account deficit of India and how it will add to our GDP through additional infrastructure & demand creation in tourism.
He has personally promised to handhold this exercise to create a very growth oriented tourism and hospitality industry.
