Tips To Start A Travel Agency Business In India

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There are several options for travels agents to
choose from. However, the best one should be
chosen as it plays a major role. Most common
chosen business entity option is Private Limited
Company as it offers a host of benefits. And is
also the most recognized form of business. The
other available options are Limited Liability
Partnership (LLP) and One Person Company (OPC).
With the LLP format, there is no need to audit
unless the turnover of the business exceeds Rs.
40 lakhs. And for entrepreneurs who are
establishing their business single-handedly and
wants to avoid extensive compliance to follow,
OPC is the best option.
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The services provided by a travel agent are
taxable under service tax. So, it is important to
obtain service tax registration. Having said
that, the travel agents with an annual turnover
of less than Rs. 10 lakhs in a financial year can
avail service tax exemption. Therefore, the
offline or online travel agency business can
claim benefit under service tax exemption and not
pay service tax until their turnover crosses Rs.
10 lakhs.
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It is not at all mandated to become a government
approved travel agency business. But it is
beneficial in terms of having recognition of the
travel agent. The main aim of the recognition of
the Travel Agent scheme is to encourage quality
standard and service in the Indian tourism
industry.
In order to become a Government of India
recognized travel agent, the travel agent will
have to meet a few requirements. Such as capital
invested, maintenance of minimum office space,
number of staff, and other stipulations.
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Additionally, after setting up a tour and travels
business, you can also look forward to
registering it on different e-platforms such
as Connect by ZipLoan. The application is the
best medium to connect with thousands of SMEs in
the same business. You can connect with them and
grow your business. If you are already running a
travel agency business in India are looking for
travel agency financing, ZipLoan offers travel
agency business loans at minimal documentation
and basic eligibility criteria.