In the second episode of our 'States incentives’ series, we explore the diverse landscape of incentives offered by different states for the tourism sector, including capital subsidies and tax reimbursements available. In this podcast, we also shed light on the eligibility criteria and the application process to avail such benefits. Additionally, our Indirect Tax Partner Bhavesh Thakkar emphasizes the need for greater awareness in the tourism sector and strategic state-wise comparisons to maximize investment incentives.
In conversation with:
Bhavesh Thakkar
EY India Tax and Regulatory Services Partner
Key takeaways
- States offer varied incentives, including capital subsidies and SGST reimbursements to foster tourism sector's growth.
- Tourism incentives extend to a range of entities, from hotels to amusement parks, promoting diversity in tourism activities.
- Location, investment size, and timely application play crucial roles in maximizing incentives in this sector. Investors must plan their outlay strategically.
Investors in the tourism sector can gain up to 100% project cost subsidies, maximizing incentives for strategic state-wise investments.
For your convenience, a full text transcript of this podcast is available on the link below: Read the transcript
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Podcast
Duration 08m 52s