In order to attract more MICE Events in India, Ministry of Tourism Government of India has decided to extend support to MICE Organizers under Champion Sector in Service Scheme. A MICE Fund has been set up under CS
So, What’s the Incentive?
“The aim of the scheme is to promote MICE Tourism (Meetings, Incentives, Conferences and Exhibitions) in the country. The Conferences to have a minimum of 500 participants and must comprise of at least 20% foreign participants to be eligible for the incentive. The Financial Incentive would be extended to International Conference/ Convention organizers in the form of reimbursing 50% of GST on hotel rooms for International / Foreign participants / NRIs on actual basis subject to GST being paid to be not more than 18%. The incentive of the GST incurred on a hotel stay up to a maximum charge of Rs. 8,000/- per day per room would be made for 1 (one) night/ first night only”
Point to Consider:
Reimbursing 50% of GST incurred on hotel rooms on an actual basis with Room Tariff not to exceed Rs. 8,000/ subject to GST being paid to be not more than 18% for conferences with over 500 Pax. However, The Participants/organizers are free to book the room within the range or higher. In the event, the GST rate is lowered by the Government on hotel rooms having room tariff within the range of Rs.8,000/-, then 50% of the GST shall be reimbursed as per the applicable slab (The upper ceiling of extending the incentive would remain to be 50% of the GST not to exceed 18% on Rs. 8,000/- per room)
The incentive is available for 3 years time period as of now. For more information Check the Ministry of Tourism Website.
For more information log on to http://tourism.gov.in/guidelines-promotion-mice-tourism-under-champion-sector-services-scheme