Tax podcast – State incentives

Incentives by States to bolster the growth of the tourism sector

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. 

Related topics Tax Tax compliance Tax accounting Tax controversy

In conversation with:

Bhavesh Thakkar

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.
Bhavesh Thakkar
EY India Tax and Regulatory Services Partner

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Podcast

Duration 08m 52s

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Incentive insights: Maharashtra IT/ITES Policy and its impact on investment

In the inaugural episode of our ‘India state incentives’ series on EY India Insights podcast, we examine the revamped Maharashtra IT/ITES Policy 2023, exploring the impact it is likely to have on companies and investment opportunities in the IT sector in the state. Bhavesh Thakkar, Partner at EY India's Tax and Regulatory Services shares insights on the policy's coverage, eligibility criteria for incentives, and its unique approach toward incentivizing investments in emerging technologies. Join us as we take a comprehensive look at the various incentives that make Maharashtra an attractive destination for IT and ITES companies.
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Duration
12m 09s

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