Aug 22, 2022
The government’s decision to withdraw the 5% “tax collection at source” (TCS) on sale of overseas tour packages to foreign tour operators could aid the recovery of the pandemic-stricken sector, says the Indian Association of Tour Operators (IATO) — an apex body of over 1,700 inbound tour operators. “The same was earlier withdrawn only for individual foreign tourists but now on IATO’s representation, the government has announced removal of tax, both on individual foreign tourists as well as foreign tour operators (FTO’s). The removal would make the tour packages offered by Indian tour operators to foreigners a bit cheaper and would help provide some succour to the pandemic ravaged sector,” IATO said in a statement.
