Pandemic-hit travel and tourism sector seeks GST rationalisation

Travel and tourism companies, struggling with the impact of restrictions imposed on account of COVID-19, are hoping for some relief from the government in the form of a cut in the goods and services tax rate to a flat 5 percent, easier liquidity norms and softer loan repayment terms. Executives said that with the coronavirus pandemic having hit their sector hard, the current rates of GST, which ca…