How to create a new tax bracket!?🗃📃

This week’s edition covers:

Need to create a new tax bracket for your invoices? Need to configure the new tax bracket to suit your requirements & GST regulations simultaneously? Look no further, we’ve got you covered.

🎯 Add a tax rate for your invoices with or without GST

🎯 Calculate tax on Base amount i.e., the invoice amount before GST or Grand total  i.e., the invoice amount with GST

🎯 Configure the Percentage of the new tax bracket as per your requirements

🎯 Add a Fixed tax amount that will be automatically included when creating and sending invoices

To know more about the latest updates to your favorite billing software, sign up today!

In an effort to promote female entrepreneurs and MSME owners, the MSME ministry launched a Special Entrepreneurship Promotion Drive for Women, ‘SAMARTH’ this International Women’s Day.

Under the initiative, 20% of the seats under the various development schemes will be reserved for women with the aim to provide employment to 7, 500 women. Similarly, 20% of MSME Business Delegations sent to domestic and international exhibitions will comprise of women owned MSMEs.

MSMEs owned and operated by women will also receive a 20% discount on their annual processing fee under Udyam Registration.

Launched in June, 2020 by PM Modi, the Champions portal was set up to redress MSME grievances related to delayed payments, procurement, labor & regulatory permissions. As of December, 2021, the portal has received over 41,742 complaints in FY 21-22 alone.

And, has successfully resolved 99% of the complaints with a turn-around time of 3 days. Much of the success of the portal’s quick and easy resolution process has been attributed to the Artificial Intelligence and Machine Learning integrations of October, 2020 which helps the portal access insights through social media, blogs, forums & online news related to MSMEs.

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