diff --git a/Makefile b/Makefile
new file mode 100644
index 0000000..b6e4a38
--- /dev/null
+++ b/Makefile
@@ -0,0 +1,96 @@
+.PHONY: update-version increment-major increment-minor increment-patch test build clean install check
+
+# Version file location
+VERSION_FILE := VERSION
+GEMSPEC_FILE := chargebee.gemspec
+LIB_FILE := lib/chargebee.rb
+
+# Ruby commands
+RUBY := ruby
+GEM := gem
+BUNDLE := bundle
+RSPEC := bundle exec rspec
+
+update-version:
+	@echo "$(VERSION)" > $(VERSION_FILE)
+	@perl -pi -e 's|s\.version\s*=\s*'\''[.\-\d\w]+'\''|s.version           = '\''$(VERSION)'\''|' $(GEMSPEC_FILE)
+	@perl -pi -e 's|VERSION = '\''[.\-\d\w]+'\''|VERSION = '\''$(VERSION)'\''|' $(LIB_FILE)
+	@echo "Updated version to $(VERSION)"
+	@if [ -f "Gemfile.lock" ]; then \
+		echo "Updating Gemfile.lock..."; \
+		$(BUNDLE) install --quiet; \
+	fi
+
+increment-major:
+	$(eval CURRENT := $(shell cat $(VERSION_FILE)))
+	$(eval MAJOR := $(shell echo $(CURRENT) | cut -d. -f1))
+	$(eval NEW_VERSION := $(shell echo $$(($(MAJOR) + 1)).0.0))
+	@$(MAKE) update-version VERSION=$(NEW_VERSION)
+	@echo "Version bumped from $(CURRENT) to $(NEW_VERSION)"
+
+increment-minor:
+	$(eval CURRENT := $(shell cat $(VERSION_FILE)))
+	$(eval MAJOR := $(shell echo $(CURRENT) | cut -d. -f1))
+	$(eval MINOR := $(shell echo $(CURRENT) | cut -d. -f2))
+	$(eval NEW_VERSION := $(MAJOR).$(shell echo $$(($(MINOR) + 1))).0)
+	@$(MAKE) update-version VERSION=$(NEW_VERSION)
+	@echo "Version bumped from $(CURRENT) to $(NEW_VERSION)"
+
+increment-patch:
+	$(eval CURRENT := $(shell cat $(VERSION_FILE)))
+	$(eval MAJOR := $(shell echo $(CURRENT) | cut -d. -f1))
+	$(eval MINOR := $(shell echo $(CURRENT) | cut -d. -f2))
+	$(eval PATCH := $(shell echo $(CURRENT) | cut -d. -f3))
+	$(eval NEW_VERSION := $(MAJOR).$(MINOR).$(shell echo $$(($(PATCH) + 1))))
+	@$(MAKE) update-version VERSION=$(NEW_VERSION)
+	@echo "Version bumped from $(CURRENT) to $(NEW_VERSION)"
+
+install:
+	@echo "Installing dependencies..."
+	@$(BUNDLE) install --without development
+
+install-dev:
+	@echo "Installing development dependencies..."
+	@$(BUNDLE) install
+
+test:
+	@echo "Running tests..."
+	@$(RSPEC)
+
+validate:
+	@echo "Validating gemspec..."
+	@$(GEM) build $(GEMSPEC_FILE) --strict --verbose > /dev/null
+	@rm -f *.gem
+	@echo "Gemspec is valid"
+
+check: test
+	@echo "All checks passed!"
+
+build: clean
+	@echo "Building gem..."
+	@$(GEM) build $(GEMSPEC_FILE)
+
+clean:
+	@echo "Cleaning build artifacts..."
+	@rm -f *.gem
+	@rm -rf pkg/
+	@rm -rf coverage/
+	@rm -f Gemfile.lock
+	@find . -type f -name '.DS_Store' -delete
+
+clean-bundle:
+	@echo "Cleaning bundle..."
+	@rm -rf vendor/bundle
+	@rm -f Gemfile.lock
+
+update:
+	@echo "Updating dependencies..."
+	@$(BUNDLE) update
+
+security-check:
+	@echo "Checking for security vulnerabilities..."
+	@$(BUNDLE) audit check --update
+
+outdated:
+	@echo "Checking for outdated dependencies..."
+	@$(BUNDLE) outdated
diff --git a/VERSION b/VERSION
new file mode 100644
index 0000000..26be351
--- /dev/null
+++ b/VERSION
@@ -0,0 +1 @@
+2.67.0
\ No newline at end of file