NEW DELHI: The Confederation of Indian Industry (CII) on Friday urged the government to defer goods and advance tax (GST) and advance tax payments, and sought scrapping of fees for licenses, permit renewals, and excise exemption for liquor for the hospitality and travel industry that have been hit hard by the Covid-19 outbreak.
The suggestion was part of the proposed action points, sent to the central government, aimed at revival of travel, tourism, and aviation companies.
For tourism and hospitality sector, CII has proposed a six-nine months’ moratorium on all working capital principle, interest payments on loans and overdrafts, to maintain liquidity allowing for business continuity, without categorising such loans as non-performing assets.
