To sum it up, the only good thing to come out of this year’s budget for the tourism industry in India was the announcement which talked about the Income Tax Act investment deductions to the hotel developing companies (2 star hotels and above). Instead of focusing more on the travel industry and meeting demands and expectations, the finance ministry proposed of adding service tax on domestic and international air fares for every class. This leaves us with the conclusion that with the addition of service tax on domestic journeys the cost of air travel will climb up by 10%.
But while the parliament has been ignoring the tourism industry of the country, the Foundation for Aviation and Sustainable Tourism (FAST) has planned a seminar on Destination Management and Sustainable Tourism in Delhi on March 2, 2010. The states of focus on this daylong seminar will be Chhattisgarh, Madhya Pradesh and Sikkim and will be attended by the delegates of the Indian tourism industry.