Online Travel Agents

Budget 2023 does not meet expectations of travel agents: Apex body TAAI

Travel agents apex body TAAI on Thursday expressed its "disappointment" over the Union Budget for financial year 2023-24, saying that it does not meet any of its expectations or demands. TAAI (Travel Agents Association of India), however, said it applauds the Finance Minister's idea of promoting travel on a 'mission mode.' "With the Union Budget 2023-24, Finance Minister Nirmala Sitharaman has shown solidarity towards the tourism sector and has left the travel fraternity hopeful. However, there is a huge wave of disappointment among the travel agent fraternity as the budget holds nothing for this large section," the association said. The travel agents fraternity, according to TAAI president Jyoti Mayal, contributes 11 per cent of employment and generate over 10 per cent of revenue contributing to the GDP. "Nothing has been done to our request on ease of doing business, be it on TCS abolishment or ITC for tour operators on inter-state GST credit which is one of the main concerns ...

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In cases where someone is selling their products, there is no requirement to collect tax at source