They also suggested that the minister look at ways to help in growth of software product firms and start-ups in India, while drawing his attention to issues such as double taxation, VAT and treating of software as physical goods.
This was for the first time that the Finance Minister held an exclusive Pre-budget consultative meeting with the IT-ITeS industry. The Union Budget 2015-16 is to be presented next month.
"We all shared our views around easing the efficiency of doing business and taxation and things of this nature. I met the Prime Minister in the morning and requested him to look at the start up scene. We are seeing some disturbing early signs that start ups find it difficult to do business in India," Sikka told reporters here after the meeting with Jaitley.
Collectively, the industry stressed on the need to provide a nurturing ecosystem for start ups, he added.
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"We brought out concerns with regard to procurement of technical equipment and services for the government especially in the areas of eGovernance," he added.
The industry also brought out the concerns with regard to taxations and incentives to promote and facilitate movement towards digital economy, Chandrashekhar said.
"Issues relating to incidence to multiple taxation or interpretation by States with regard to eCommerce and the treatment of eCommerce. Issues and difficulties to creators of products having warehouse as one of these places of business was also discussed," he added.
"We also discussed transfer pricing and the government is convinced that they want to improve ease of doing business," Senapathy said.
In an official statement, Finance Ministry said major suggestions include incentives for setting-up of data centres within the country.
"It was said there is a need to give tax incentives for building infrastructure for large data centres and cloud services within the country to ensure data security as well as to have a big network of large software products companies within the country," it added.