Increased TCS rates to apply from October 1, 2023
In the Budget this year, certain changes were announced to the system of Tax Collection at Source (TCS) on payments under the Liberalised Remittance Scheme (LRS) and on overseas tour program packages. These were to take effect from July 1, 2023. It was also announced in March that credit card payments would be brought under the LRS. Numerous comments and suggestions were received which have been carefully considered. Firstly, it has been decided that there will be no change in the rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amounts up to Rs. 7 lakh per individual per annum. It has also been decided to give more time for the implementation of the revised TCS rates and for inclusion of credit card payments in LRS.
Govt. floats draft National Cruise Tourism Policy
The draft policy released by the government said the National Cruise Tourism Board would be set up to coordinate efforts and integrate India’s destinations with cruise tourism, and attract investment and facilitate the development of cruise terminals, infrastructure, and services. It added that the government will engage with stakeholders, conduct familiarization trips, and leverage local culture and celebrities to promote coastal and river destinations. Additionally, they will develop an online marketplace for cruise bookings and reservations.
Ramada by Wyndham Goa Arpora expected to open in 2024
R.K.M Enterprises has announced the signing of Ramada by Wyndham hotel in Goa under a franchise agreement with Wyndham Hotels & Resorts. Located in a prime area of Arpora – North Goa, Ramada by Wyndham Goa Arpora, is expected to open in 2024 and will feature 65 rooms, a lobby lounge, an all-day restaurant and bar.
MAG’s Airlines first to enable gate-to-gate connectivity in Malaysia
Malaysia Aviation Group’s (MAG) airlines, comprising Malaysia Airlines, Firefly, and MASwings, have been given regulatory approval by the Civil Aviation Authority of Malaysia (CAAM) to enable Gate-to-Gate connectivity for passengers on its airlines, making it the first airlines to provide this feature for travellers departing from Malaysia. Beginning 1 July 2023, passengers can enjoy the convenience of staying connected to their personal/portable electronic devices (PEDs) throughout their journey.
“I am heartened to see so many of you present at the IATO luncheon Meet. We decided to host it at a new venue this time – The Hyatt Regency, New Delhi. The last few months we have busy attending the various G-20 meets interacting with senior Government Officials. We wrote to the PM again on SEIS and TCS again and even though we have not received any encouraging response, we will continue being persistent with them. We have also raised concerns regarding closing of the National Parks on every Wednesday and have requested them to implement it from next year as this year, the bookings have been made. We have also sorted out the matter of 8-Seater Vehicle registration and it can now be done in Delhi.”