The proposals for small and medium enterprises under the presumptive scheme wherein it is suggested to enhance in limits for audits to Rs. 2 crore from Rs. 1 crore along with proposal to launch a similar scheme for professionals will help in ease of doing business,” Shah partner, tax, PwC said.

The Indian government has released changes to the information reporting process for payments made to non-residents.  The changes, which were notified during December, were made effective January 4, 2016, and seek to create a balance between reducing the compliance burden and collecting sufficient information.

The government today said it is focusing on improving ease of doing business for micro, small and medium enterprises (MSMEs) to increase exports from the country.

The focus of the government is on  Ease of Doing Business so that entrepreneurs, particularly in the MSME sector, are freed from all complications so that they are facilitated in their efforts to increase exports," MSME Minister  Kalraj Mishra.

Central Board of Excise and Customs has declared this year as year of tax payer's services and separate directorate of tax payer services has been set up to further give thrust to this area. In line with PMs ease of doing business, several procedural simplification measure have been done including electronic delivery system, merging invoice/packing list, online transfer and processing of documents in respect of some reward schemes, dispensing with self-declaration form.

As part of Prime Minister   Narendra Modi's 'ease-of-doing-business' initiative, the government today set up an expert committee to review an over 50-year-old  law dealing with specific fulfilment of a contract.

The committee set up by the Legislative Department in the Law Ministry will review the Specific Relief Act, 1963, keeping in mind the present scenario involving contract-based infrastructure, public-private partnerships and other public projects involving huge investments and enforceability of the contracts.

Imposition of goods and services tax (GST) will improve the ease of doing business in the country apart from giving a uniform market to producers, Sunil Kanoria, President, Assocham, said here on Wednesday.

Political parties must come together to allow passage of the GST Bill in the Parliament for the sake of the country. Not only will it improve the ease of doing business and create uniformity of taxation; it also has the ability to push the GDP up by at least 1.5 per cent,” he told reporters during a press conference by the apex chamber.

Government is considering the creation of  National Investment Grid To Map Business Opportunities Across the Country.

Such a grid will place investment opportunities in terms of project upfront and make it easier for investors to access and explore.

Government will set up the Central Registration Centre (CRC) to speed up services for incorporation of companies as part of larger efforts to further improve ease of doing business in the country.

 Apart from providing timely approvals, CRC will help ensure uniformity in application of rules and do away with discretion. CRC, being established by the  Corporate Affairs Ministry under the initiative of Government Process Re-engineering (GPR), will be formally operational from January 27.