We welcome the governments proposals in the Union Budget 2018-19 that incentivise MSMEs. The budget proposes bringing down the corporate tax for firms that reported turnover up to Rs 250 crore , thereby reducing tax burden on MSMEs. Further the government has allocated funds for 2018-19 for credit support to MSMEs.
For MSMEs technology is an enabler for business growth and technology adoption is seen as a top priority. However, MSMEs are often unable to utilize the opportunities available through technology due to lack of working capital finance. The budget proposals of access to credit and tax breaks to MSMEs will help reduce capital constraints and encourage investment in IT solutions such as enterprise resource planning (ERP) to help them work smarter, operate more efficiently and be innovative.The Budget announcements will further encourage technology vendors such as Epicor to continue adding value to medium sized businesses through technology offerings that help them grow now and positions them for success in the future.
@Technuter.com News Service