 "Ease of doing business: Here's why India's rankings have improved")
Paying taxes: In 2016, India introduced the Income Computation and Disclosure Standards to level the methods of computing taxable income and other tax accounting standards. Data gathering has become automated due to the use of the latest software.
India has also eased tax compliance on businesses through an online platform for electronic payment of the Employees’ Provident Fund and introduced administrative measures to ease corporate income tax compliance.
Trading across borders: India reduced border compliance time by improving infrastructure at the Nhava Sheva Port in Mumbai; export and import border compliance costs reduced in Delhi and Mumbai after removal of merchant overtime fees; increased use of electronic and mobile platforms has allowed importers to clear cargo faster through simplified customs procedures
Trading across borders: India reduced border compliance time by improving infrastructure at the Nhava Sheva Port in Mumbai; export and import border compliance costs reduced in Delhi and Mumbai after removal of merchant overtime fees; increased use of electronic and mobile platforms has allowed importers to clear cargo faster through simplified customs procedures
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%