Too early to assess GST impact on tourism: Mahesh Sharma

By: |
New Delhi | Updated: July 31, 2017 2:33:40 PM

It is too early to understand the impact of GST on the tourism sector, though an early assessment has shown that the single tax regime has brought down the level of taxation, government said today.

GST impact on tourism, tourism, gst, goods and services, mahesh sharma news, mahesh sharma gst, economy, economy newsTourism minister Mahesh Sharma said he will talk to the GST Council on the possible difficulties houseboat owners in Kerala may face due to GST. (PTI)

It is too early to understand the impact of GST on the tourism sector, though an early assessment has shown that the single tax regime has brought down the level of taxation, government said today. Responding to supplementaries in the Lok Sabha, Tourism minister Mahesh Sharma also said he will talk to the GST Council on the possible difficulties houseboat owners in Kerala may face due to GST.

He said while it is too early to understand the impact of GST on the tourism sector, an internal assessment shows that the level of taxation has gone down in the sector.

Responding to another supplementary, he said the proposed ‘Incredible India 2’ policy will be out soon. It will have provisions to tie up with private sector to help promote tourism in the country. In his written reply, Sharma said the Tourism Ministry has no scheme to encourage states to enter into revenue- sharing agreement with technology-driven hospitality service providers in the country.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1As food prices slump, pressure grows for more India interest rate cuts
2Big relief to UP builders, Yogi Adityanath government redefines ongoing projects
3Indian Railways working on technology to achieve Mission 41 K; know what it is