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Karnataka announces Covid relief package for hospitality sector, ‘beginning push towards revival’, says industry

Monday, June 28, 2021, 10:06 Hrs  [IST]

According to the New Indian Express, The Karnataka government Thursday announced a Covid-19 rehabilitation and relief package for the state’s hospitality industry, responding to the demand put forth by the hospitality association seeking assistance to revive businesses that were hit by the pandemic-related crisis. Tourism Minister CP Yogeshwar announced hotels and resorts will not have to pay electricity bills for April and May 2021. Further, a 50 per cent temporary concession has been allowed on the annual tax filing as well. “Hotels and resorts can pay 50 per cent of the excise and additional taxes now and the remaining by December 31,” he said. Sundar said the government, too, had taken a hit due to the prevailing conditions as the loss of revenue in the form of taxes from the sector is estimated to be at around 25 per cent of the total Rs 10,000 crore per month. Various associations comprising owners of hotels, resorts, restaurants, and the members of the Karnataka Tourism Society had earlier submitted a memorandum to the government seeking assistance. Bruhat Bangalore Hotels Association (BBHA) president PC Rao, reacting to the announcement, said: “The 50 per cent cut on taxes and the three month-exemption from paying fixed charges is a welcome move. The efforts made by the Karnataka Tourism Society and the FKCCI are highly appreciable.” Further, Sundar indicated that steps taken by the government towards mitigating an anticipated third wave would also turn out to be a deciding factor for the future of the industries. “As businesses are opening up again with hopes of getting back to feet gradually, we should ensure that a possible third wave should be dealt with in an effective and efficient manner,” he said.

 
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