The government is introducing a new set of taxes on foreign travel. Starting from July, it's going to collect a massive 20% tax as soon as one of these tourists swipe their credit card outside of India. The decision wasn't really shocking because the government had already upped the tax from 5% to 20%. But in order to bring credit cards into this ambit, it first had to tweak a two decade old law.
In today’s episode for 19th May 2023, we explain why the government is introducing a new set of taxes on foreign travel.
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