Travel Trade Journal

Riaz Munshi

President, OTOAI


It is a growth-oriented budget, but I am disappoint­ed that no specific measures have been announced to revive the travel and tourism sector. We were hoping for some GST relief measures (a temporary waiver or reduction) to aid the recovery for travel companies. The recent introducti­on of TCS also distorts the competitiv­e landscape and makes it favourable for the foreign travel companies who do not have to abide by these rules thus making an uneven playing field. It is important that this is reconsider­ed and some relief measures are implemente­d to promote the inclusive growth of our industry.

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