Power Of Factorial Business Solutions - Top Auditors & Tax Consultants.

 The Goods and Services Tax (GST) system has simplified taxation in India by bringing multiple indirect taxes under one umbrella. However, one crucial responsibility for every GST-registered business is filing returns on time . Delays or errors in GST filing not only invite penalties but can also affect your business operations and credibility. In this blog, we’ll explain why timely GST filing is important, the filing process, and some practical tips to stay compliant. Importance of Timely GST Filing Avoids Penalties and Interest The government charges a late fee of ₹50 per day (₹20 for NIL returns) along with 18% annual interest on pending tax. Timely filing saves you from these extra costs. Smooth Input Tax Credit (ITC) Claim If you don’t file returns, your buyers may not be able to claim ITC, which could impact your business relationships. Builds Business Credibility Banks, investors, and clients often check compliance records. Filing GST regularly improves trust...

  Introduction The Government of India has recently announced significant changes to the GST rates , effective from 22nd September 2025 . These changes will impact everyday essentials, luxury goods, insurance, hotels, and automobiles. Businesses and consumers alike need to stay updated with the revised tax slabs to plan their expenses effectively. In this blog, we break down the new GST rate update , compare it with the old rates, and explain how it will affect daily purchases, services, and the overall economy. Key Highlights of the GST Rate Update 2025 1. Daily Essentials – Soap, Shampoo, Toothpaste, etc. Old Rate: ~18% New Rate (from 22nd Sept 2025): 5% Impact: A major relief for households, as basic personal care items will now be taxed at a much lower rate, reducing the cost burden on consumers. 2. Dairy Products – Butter, Ghee, Cheese, Dairy Spreads Old Rate: ~12–18% New Rate: 5% Impact: Dairy essentials will now be more affordable, helping both u...

 Starting a Private Limited Company is one of the most preferred choices for entrepreneurs in Bangalore. It offers limited liability, better funding opportunities, and credibility in the market. With the growing startup ecosystem in the city, registering a Private Limited Company ensures your business is legally recognized and ready for growth. At Power of Factorial, K R Puram, Bangalore, we make the process smooth and hassle-free. From name approval to incorporation, our experts provide step-by-step support so that you can focus on running your business while we handle the paperwork and compliance. Benefits of a Private Limited Company Limited liability protection for shareholders Better opportunities to raise funds from investors and banks Enhanced credibility with customers and partners Easy transfer of ownership and continuity of business Process of Registration Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) Reserve a ...

  Bangalore has earned its place as a city of startups, innovation, and food culture. From the buzzing cafés in Indiranagar to the cloud kitchens in Whitefield, every corner of the city is alive with food entrepreneurs. But no matter how unique your recipes are or how stylish your restaurant looks, your business needs one crucial compliance to survive in this competitive market – FSSAI Registration . What is FSSAI Registration? The Food Safety and Standards Authority of India (FSSAI) is the governing body that ensures the safety, quality, and hygiene of food products in India. Every food business operator (FBO) in Bangalore, whether small or large, is required to obtain an FSSAI license or registration before serving customers. The license provides a 14-digit number that must be printed on food packaging and displayed at your outlet. This number becomes your business’s seal of trust, assuring customers that the food they consume meets government standards. Who Needs FSSAI Reg...

 Starting a food business in India requires more than just passion and recipes. To operate legally, you must obtain an FSSAI Registration. The Food Safety and Standards Authority of India (FSSAI) ensures that every food business complies with safety and hygiene regulations. Whether you are running a restaurant, cloud kitchen, bakery, food truck, or packaged food company, having an FSSAI license builds trust and credibility with customers. One of the biggest advantages of FSSAI Registration is that it helps businesses gain legal approval and expand into new markets. With a valid license, you can easily list your products on e-commerce platforms, supply to retail stores, or even export food products. Customers are more likely to trust food brands that are FSSAI certified, as it assures quality and safety. For food startups in Bangalore, obtaining an FSSAI Registration is not just a compliance step but a growth opportunity. It reduces the risk of legal complications and enhances yo...

 In today’s competitive business world, your brand name and logo are your most valuable assets. A strong brand identity not only helps you stand out but also builds trust with customers. To protect this identity from misuse or duplication, Trademark Registration is a must. At Power of Factorial, KR Puram, Bangalore, we make trademark registration simple, affordable, and legally secure. What is Trademark Registration? Trademark Registration is the legal protection of your brand name, logo, slogan, or symbol . Once registered, no other business can use your brand identity without permission. This gives you exclusive rights and ensures your business reputation remains intact. Why Your Business Needs Trademark Registration Safeguards Your Brand Identity – Protects your logo, name, and creative work. Builds Customer Trust – A registered trademark adds credibility to your business. Expands Market Reach – Makes it easier to expand nationally and globally. Legal Protecti...

 If you are planning to start a business in Bangalore, one of the first steps is obtaining a BBMP Trade License . This license is issued by the Bruhat Bengaluru Mahanagara Palike (BBMP) and is mandatory for all businesses operating within the city. Whether you are running a restaurant, retail shop, office, or service center, a trade license ensures that your business complies with legal and safety regulations. What is a BBMP Trade License? A BBMP Trade License is an official permission that allows your business to legally operate within Bangalore city limits. It confirms that your establishment meets health, safety, and regulatory standards set by the municipal body. Without a valid trade license, your business could face penalties, fines, or even closure. Who Needs a Trade License in Bangalore? Almost all commercial establishments require a BBMP Trade License. This includes: Restaurants, cafés, and bakeries Shops, showrooms, and supermarkets Offices and service provi...