Tag: Entrepreneurs Organization
Tourism body asks government to provide GST waiver to prevent mass bankruptcy in the sector
A Travel, Hospitality and F&B collective of the Entrepreneur’s Organisation (EO) has requested the government to provide goods and services tax (GST) waivers among other demands to revive tourism in India. In a nine-point demand letter, the body said it requests the government for immediate survival measures to prevent mass bankruptcy and crores of unprecedented layoffs in the hospitality and travel sector that normally contributes to almost 10% national GDP, due to the crisis triggered by the COVID-19 pandemic. Drafted in consultation with top industry leaders, the letter requests an immediate rebate to save the tourism sector and crores of jobs associated ... Read more