Industry status, green tourism, and input tax credit: Hospitality sector’s wish-list for Budget 2025

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Industry status, green tourism, and input tax credit: Hospitality sector’s wish-list for Budget 2025 - YourStory

Quick Summary:

Prior to Union Budget 2025, stakeholders from the travel and hospitality sector put forth their demands and expectations from Finance Minister Nirmala Sitharaman.

Rajan Sethi, Managing Director of Bright Hospitality, remarks, “Opening up the ITC system for restaurants and introducing a special GST rate for budget and mid-scale hotels could make the sector more competitive and traveller-friendly.

That India is taking tourism and hospitality seriously was seen in the 2024 interim Budget, when Finance Minister Nirmala Sitharaman announced Rs 2,449,62 crore to the tourism sector—an increase of 44.7% from FY2023.