Federation of Associations in Indian Tourism and Hospitality, FAITH, the policy federation of all the ten national associations representing the complete tourism, travel and hospitality industry of India – ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI & TAFI, has thanked the Fitment Committee for considering favourably the drawback of taxes on foreign tourists on their goods purchases in India. They have recommended five rationalisation measures across the tourism, travel and hospitality value chain for consideration for the next GST Council meeting.
FAITH mentioned, that Indian tourism has an immense inherent potential to create upto 10 crores additional jobs pan India over the long-term period, triple its GDP contribution and create forex earnings upto $ 75- $100 bn and GST is a key enabler for creating this global and domestic competitiveness in tourism directly and through its indirect impact.