New Delhi, Sept. 22 -- The new goods and services tax (GST) reforms are set to "strengthen hospitality, transport and cultural sectors" in India, according to the Centre. In a release on September 22, as the GST revision comes into effect, the Ministry of Social Welfare said that reduced taxes on hotel stays and buses, is a strategic move that will make travel more affordable and accessible, encourage investment, and foster job creation.
"The government has announced significant GST rationalisation measures aimed at making India's tourism sector more affordable, enhancing public transport use, and supporting artisans and cultural industries," the release said.
It added that these reductions will strengthen the domestic tourism ecosystem...
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