(a) whether tourism industry has incurred a loss of 20% of its revenue in comparison to
the last three years;
(b) if so, the reasons therefor;
(c) whether the Government propose to announce any special package to boost tourism
industry; and
(d) if so, the details thereof?
MINISTER OF TOURISM AND CULTURE (SHRI JAGMOHAN)
(a): No, Sir.
(b): Does not arise.
(c) and (d): In order to give a boost to tourism industry, following concessions, among
others, have been announced:
10% Expenditure Tax levied on hotels withdrawn from June 2003.
Extension granted to hotel industry for exemption of Service Tax where a substantial meal is served during conferences and banquets held in hotels.
40% of the profits derived by hotels, travel agents and tour operators in foreign exchange exempted from Income Tax.
Expenditure Tax waived off in respect of hotels located in hilly/rural areas and at
pilgrimage places.
Export House Status accorded to the tourism industry.