Tag: tcs
Introduction of TCS at this stage will destroy tourism sector
by Benny Thomas, Director, Holiday Shop The Union government’s new proposal to collect Tax Collected at Source (TCS) from customers, will affect the travel and tourism industry very adversely. There is already a 5% GST on the holiday packages and an additional 5% of TCS will be a heavy burden for the prospective clients. So how deeply will this affect us all? As far as Indian culture is concerned, going on a holiday is not a necessary item like in the European community. If the cost of the tour increases heavily, naturally the prospective clients will postpone or cancel their ... Read more