Curb un­reg­u­lated busi­nesses

TravTalk - India - - AWARDTALK -

Ac­cord­ing to Jay­deep Pa­tel, Man­ag­ing Di­rec­tor, Ci­clo Tourism, to grow tourism and hos­pi­tal­ity in­dus­try and make it more com­pet­i­tive, the gov­ern­ment has to re­con­sider the tax struc­ture. He pro­poses that in the up­com­ing bud­get, there is a need for a higher fund al­lot­ment to de­velop in­fra­struc­ture at ma­jor tourist spots and curb un­reg­u­lated busi­ness in the in­dus­try to in­crease at­trac­tive­ness and sus­tain­abil­ity of In­dia as a tourist des­ti­na­tion. “The gov­ern­ment would need to in­tro­duce tax in­cen­tives and re­bates for ho­tels and tour op­er­a­tors and pro­vide clar­ity on el­i­gi­bil­ity to claim cent per cent cap­i­tal ex­pen­di­ture in case of sub­stan­tial ren­o­va­tion of an ex­ist­ing ho­tel premise,” says Pa­tel.

The gov­ern­ment would need to in­tro­duce tax in­cen­tives and re­bates for ho­tels and tour op­er­a­tors, and pro­vide clar­ity on el­i­gi­bil­ity to claim cent per cent cap­i­tal ex­pen­di­ture in case of sub­stan­tial ren­o­va­tion of an ex­ist­ing ho­tel premise.

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