Tag: Goods and Services Tax

As per a recent report by a parliamentary panel, the Goods and Services Tax (GST) introduced by the Center has a negative impact on the tourism sector of Jammu and Kashmir. The panel suggests reconsidering the indirect tax system in the tourism related activities of the state. The committee was headed by Rajya Sabha member Kanwar Deep Singh, who expressed concern at the declining tourism in the picturesque State, has asked the Government to hold talks with the countries which have issued advisories against travel to J&K. “It (GST) must be done in a cautious and phased manner in order ... Read more

The Union Ministry may consider reduction or waiver of GST (Goods and Service Tax) for cruise tourism service. It was announced by the Nitin Gadkari, Union Minister for Road Transport, Shipping and Highways. He was speaking at the first international conclave for global cruise tourism in India held on 30th August 2018. “The matter may be discussed in the coming GST financial meeting presided by Union Finance Minister Arun Jaitley,” said the minister. He expressed dismay on the slow progress of cruise tourism industry in the country. He exhorted for more investment in the shipping industry. The request for reduction ... Read more

Foreign tourists may soon be able to claim Goods and Services Tax (GST) refunds at airports at the time of exit. It is said that the Revenue Department is working on a mechanism to refund taxes paid by them on local purchases. Initially, only purchases made by tourists from big retailers would be eligible for GST refund at airports when the tourist is leaving the country, an official told PTI. In several countries VAT or GST is refunded to the tourists for purchases made beyond a prescribed threshold. The Department is working out a mechanism which will ensure refund of GST ... Read more