Goa The government has made a big announcement. In order to promote tourism and hotel industry in the state, investors have been announced to provide relief from GST. Goa Chief Minister Pramod Sawant on Wednesday presented a revenue surplus budget for FY 2025-26. It provides for tax incentives to tourism entrepreneurs setting up star hotels in rural areas and withdrawal of full SGST (State Goods and Services Tax) during the first five years for industries that invest more than Rs 5,000 crore. That is, SGST will not have to be repaid. In the budget, the state is estimated to be Rs 1,38,624.86 crore with a growth rate of 14.27 percent in 2025-26 with a growth rate of 14.27 percent.
Goa’s per capita income more than 9 lakhs
Goa’s per capita income is estimated to be Rs 9.69 lakh, which reflects a strong and healthy economy. Sawant, who also took over the finance department, said that industries/organizations investing more than Rs 5,000 crore in Goa will get various incentives like full SGST reimbursement for five years. Apart from other benefits, he also announced a 50 percent discount in stamp duty and registration fee for five years and subsidy on supply of various facilities. Giving special attention to the tourism sector, the Chief Minister said that the state government will provide support for infrastructure such as electricity, water and sewerage connections through a single window system. He announced a 50 percent discount on state GST, stamp duty and registration exemption to promote the infrastructure of tourism in the hotel and medical tourism sector.
The number of tourists increased by 14 percent
Sawant said, “Sarkar will also give exemption from other processing fees to investors who set up a hotel or hospital hotel or hospital in the inner talukas of Sarkar Bicholim, SanguM, Cancona, COUPEM, Dharbandora, Ponda and Rul, and other processing fee will also be exempted.” The Chief Minister said that the Chief Minister said that the Dabolim airport and the numbers of Manohar International Airport have increased the number of 14 percent after the ongoing number of tourists. Is. He said that Manohar International Airport in North Goa provided the facility of exporting agricultural products, especially baby corn, mangoes, flowers and green chillies, reaching 3,325 tonnes.
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