The GSTimes_the bi-monthly Indirect Tax Newsletter - March 2020
27 March 2020
BDO in India presents The GSTimes, our bi-monthly newsletter on the world of indirect taxes. The GSTimes aims to cover the impact, GST has had on various industries, whilst also touching upon recent developments from around the globe. Each issue of the newsletter focuses on one sector and features an eminent face to explain, how the adoption and adaptation of GST, has impacted their daily business activities. It further provides answers to various sector specific issues that are frequently raised amongst professionals.
Sector in Focus for this issue of the GSTimes is – Travel and Tourism
Travel & tourism (T&T) has rapidly escalated to become one of the largest industries in the world; it is also the largest service industry in India. Owing to the country’s natural attractions and rich cultural and historical heritage T&T shows immense potential for growth in the Indian economy. While the sector is highly unregulated and unorganised, streamlining of indirect tax laws for smoother functioning of tour operators and travel agents may prove to be an important catalyst in the industries contribution to the economic growth of the nation.
We hope you have a good read.