"Nasscom requests the government to clarify the royalty implication on software (both retrospective and on services), eliminate MAT on SEZ, and take steps to minimise litigations," it added.

The industry body has also recommended launching an India Technology Entrepreneurship Mission (ITEM) to provide a supportive framework to technology startups and SMEs.

Consumer Electronics and Appliances Manufacturers Association (CEAMA) has urged the government for rapid implementation of GST in order to decrease compliance burden for businesses as well as reduce paper work while making tax system simpler and transparent.

It has also asked for removal of inverted duty structure on consumer electronics products and appliances, which is making the Indian manufacturing sector uncompetitive.

"We urge the government for provisions on the refund of accumulated Central VAT (CENVAT) after making necessary amendment in the Rule 3 of CCR 2004 leading to increased financial health and cash flow of manufacturers," it added.

Software service firm Xchanging's Country Manager India Alok Sinha said the government should also pay heed to the importance of tier II and tier III cities to raise quality of employment and education.

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