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

Running a business in India isn’t just about sales and profits — it’s also about staying legally compliant. Whether you run a retail store, office, café, consultancy, or any commercial establishment, obtaining a Shop & Establishment Certificate is one of the first and most important steps for your business. This certificate, governed by the Shop and Establishment Act , is issued by the local municipal authority. It serves as proof that your business is legally recognized and follows the rules laid down for working hours, employee welfare, and business operations. 1. Mandatory for Business Premises If your business operates from a physical location — such as a shop, office, or warehouse — registration under the Shop & Establishment Act is mandatory . It ensures that your business adheres to local laws and avoids penalties from authorities. 2. Ensures Employee Welfare Compliance One of the main objectives of this certificate is to safeguard employee rights and welfare . ...

 Whether you’re a startup, small business, or established company, GST registration is one of the most critical steps to make your business legally compliant in India. The Goods and Services Tax (GST) is a unified tax system introduced by the Government of India to bring all indirect taxes under one framework — making business operations simpler, fairer, and more transparent. In this article, we’ll explore why GST registration is so important for businesses, what benefits it offers, and how you can easily register with Power of Factorial Business Solutions . 1. Legal Recognition and Tax Compliance Registering under GST gives your business official recognition as a supplier of goods or services. It allows you to legally collect and remit taxes to the government, ensuring that your business operates in full compliance with Indian tax laws. 2. Enhanced Business Credibility A business with GST registration is viewed as reliable and trustworthy by customers, vendors, and invest...

 Running a business in Bengaluru, the vibrant capital of Karnataka, comes with several legal and regulatory requirements. Among them, the BBMP Trade License is one of the most crucial. Whether you own a small shop, a large factory, or a startup office, obtaining a BBMP Trade License ensures that your business is recognized and authorized to operate legally within city limits. What Is a BBMP Trade License? A BBMP Trade License is an official permit issued by the Bruhat Bengaluru Mahanagara Palike (BBMP) . It certifies that your business activities comply with local laws related to health, safety, and public welfare. Essentially, it acts as a legal authorization to carry out commercial operations at your registered address. Without this license, your business may be deemed unauthorized, which can lead to penalties, closure notices, or other legal complications. Key Reasons to Obtain a BBMP Trade License Legal Authorization The BBMP Trade License legally permits you to run ...

 If you’re running a business in India, obtaining a GST Registration is essential to operate legally and maintain compliance with tax laws. Whether you’re a startup, freelancer, or established company, understanding how to register your GST can save you from penalties and streamline your billing process. At Power of Factorial Business Solutions , we make GST registration simple and stress-free. Here’s a clear breakdown of the process: Step 1: Document Preparation Before starting your registration, gather the necessary documents such as: PAN Card of the business or owner Aadhaar Card Proof of business address Bank account details Having these ready ensures smooth and quick filing. Step 2: Online Application Once your documents are ready, the next step is to submit your details on the GST portal . Accuracy is key—any errors or mismatched data can lead to rejection or delays. Our team at Power of Factorial assists you in entering the right information and ensu...

 Running a business in Bangalore? Then you must know how important it is to get your GST registration done quickly and correctly. Whether you’re a startup, freelancer, or growing enterprise, having a valid GSTIN (Goods and Services Tax Identification Number) is mandatory for smooth business operations and tax compliance. In this blog, let’s walk you through the easy process to register for GST online in Bangalore , the required documents, and how Power of Factorial can help you get it done effortlessly. What is GST Registration? GST Registration is the process through which a business becomes legally recognized under the Goods and Services Tax Act . It allows businesses to collect GST from customers and pass on input tax credits. If your annual turnover exceeds ₹40 lakhs (for goods) or ₹20 lakhs (for services), you are required to obtain GST registration For businesses in Bangalore , GST registration also helps in building trust, opening new business opportunities, and sta...

 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...