ITC-04 Filing Due Date for FY 2024-25: Job Work Compliance Simplified

ITC-04 Filing Due Date for FY 2024-25: Job Work Compliance Simplified What is Form ITC-04? Form ITC-04 is a declaration under GST used to report the movement of goods sent to and received from a job worker. It ensures proper tracking and compliance with GST laws regarding job work. Who Should File ITC-04? Any registered taxpayer who […]

Understanding Luxury Tax in India under GST: What Every High-End Business Should Know

Understanding Luxury Tax in India under GST: What Every High-End Business Should Know What is Luxury Tax? Luxury tax refers to a charge on goods and services that are considered non-essential or indulgent — such as high-end accommodations, vehicles, and designer items. How GST Replaced the Luxury Tax Pre-GST Luxury Tax States used to levy […]

New GST Rule: 18% Tax on Hotel Restaurant Dining from April 2025

Overview of the New GST Change Starting April 1, 2025, restaurants operating within certain hotel premises are required to levy 18% GST on food and beverage services. This is a significant change from the earlier 5% GST rate applicable in most cases. The new rule applies specifically to restaurants located in “specified premises”, as defined […]

Everything You Need to Know About BBMP Trade License in Bangalore

Everything You Need to Know About BBMP Trade License in Bangalore Starting a business in Bangalore? One of the most important legal requirements is obtaining a BBMP Trade License. Issued by the Bruhat Bengaluru Mahanagara Palike (BBMP), this license is mandatory for any commercial establishment operating within the city limits. Whether you’re setting up a […]

Professional Bookkeeping Services – Why It’s Essential for Your Business Growth

Professional Bookkeeping Services – Why It’s Essential for Your Business Growth In today’s fast-paced business environment, professional bookkeeping services are no longer a luxury—they are a necessity. Whether you’re a startup, a growing SME, or a well-established business, maintaining accurate financial records is critical for making smart decisions, staying compliant, and scaling sustainably. At Power […]

GST Registration in India – Process, Documents, Benefits

GST Registration in India: Everything You Need to Know (2024 Guide) Are you a business owner in India? Wondering if GST registration is necessary for you?Whether you’re a startup, SME, freelancer, or e-commerce seller — understanding GST registration is crucial for compliance and business growth. At Power of Factorial Business Solutions, we simplify GST registration […]

Power of Factorial Business Solutions – Your Trusted Compliance Partner in Bangalore

Power of Factorial Business Solutions – Your Trusted Compliance Partner in Bangalore In today’s competitive business environment, staying compliant with legal, tax, and regulatory requirements is not just a necessity—it’s a strategic advantage. Power of Factorial Business Solutions, based in K R Puram, Bangalore, is your one-stop destination for all business registration, tax compliance, and […]

MSME (Udyam) Registration: Benefits, Process & Everything You Need to Know

Introduction to MSME (Udyam) Registration India’s micro, small, and medium enterprises (MSMEs) form the backbone of the country’s economy. To support and empower these businesses, the Government of India launched the Udyam Registration portal—an online platform to officially register MSMEs and provide them with various benefits. If you’re a business owner, getting MSME registration isn’t […]

UPI Transaction Limit 2025: A Comprehensive Guide for Users and Merchants

UPI Transaction Limit 2025: A Comprehensive Guide for Users and Merchants Unified Payments Interface (UPI) has redefined digital payments in India. With more than 18 billion transactions valued at over ₹24 lakh crores in March 2025 alone, UPI continues to be the most trusted payment method for individuals and businesses. As the ecosystem evolves, it’s […]

GST Registration Services in Bangalore

GST Registration Services in Bangalore What is GST Registration? Goods and Services Tax (GST) is a unified indirect tax levied on the supply of goods and services in India. Businesses that meet the prescribed turnover threshold must register under GST to ensure legal compliance and benefit from input tax credit (ITC). A unique GSTIN (Goods […]