Vishal Suri

Managing Director, SOTC Travel Limited

We welcome the government’s announcement that highlights no change in the rate of TCS under LRS for all purposes and also for all overseas tour packages across all modes of payment for amounts up to Rs. 7 Lakh per individual per year. Further, more time has been given for implementation to ensure that all systems are in place for revised TCS rates & for the inclusion of credit card payments in LRS till 1^stOctober,2023.

We urge the government to bring overseas tour operators within the TCS ambit while implementing the revised credit card guidelines – to ensure a level playing field for India based travel companies.”