National tourism policy body FAITH urges govt to remove TCS hike on overseas tour packages

The Board of Federation of Associations in Indian Tourism & Hospitality (FAITH) has appealed to the government to withdraw the increase of Tax Collection at Source (TCS) on the overseas tour packages from 20 percent to 5 percent announced in the Finance Bill 2023.

Such a move has put domestic tour operators at a disadvantage as the bookings are moving to foreign tour operators as they are not liable to deduct this charge, the body said.

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