India, Aug. 28 -- Mumbai: The Indian Association of Amusement Parks and Industries (IAAPI) urged the Government of India to slash the Goods and Services Tax (GST) on the amusement sector from present 18% to 5%, citing its importance in strengthening the nation's emotional well-being and boosting tourism.
IAAPI, the apex body representing amusement parks, water parks, theme parks, snow parks, trampoline parks, and adventure parks, stated that the current 18% GST is discouraging investment and restricting the sector's growth potential in India.
In comparison, many countries keep taxes on leisure and amusement activities low - 5% in the UAE, Bahrain, Canada, and Japan; 6% in Malaysia; and 7% in Singapore. By contrast, in India, zoos, museum...