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Cosmetics & Consumer Goods | Case Study | N D Savla & Associates

Cosmetics & Consumer Goods

For a cosmetics business operating depots across 14 states with online and offline channels, we centralized internal audit, GST reconciliation, and even structured the Director's capital gains exemption.

Client Type Cosmetics & Consumer Products | Multi-state Distribution

Industry Cosmetics & FMCG

Engagement Internal Audit | GST Compliance | TDS | ITRs

Duration Ongoing Retainer

The Challenge

What the engagement demanded.

The client operates a cosmetics and consumer products business with depots in 14 states across India, selling through both online marketplaces and offline trade. Each state has separate GST registration, separate stock keeping, and inter-state movement compliance via e-Way bills. Adding to the complexity: marketplace sales reconciliation (commissions, returns, TCS), TDS compliance across multiple vendor categories, and a Director-level Capital Gains transaction under Section 54F that required strategic structuring.

Our Approach

How we executed the engagement.

01

Internal Audit Setup

Standard Operating Procedures for inventory, sales, returns, and marketplace reconciliation rolled out across all 14 depot locations.

02

GST Compliance

Multi-state filings, GSTR-2B reconciliation, e-Way bill audits, and ITC eligibility reviews.

03

TDS & TCS Reconciliation

Section 194Q (purchase TDS), 206C(1H) (sale TCS), and marketplace TCS reconciliation against books.

04

Director Personal Tax

Personal ITR filing with Section 54F structuring for capital gains arising from securities disposition.

05

Capital Gains Optimization

Reinvestment timing in eligible residential property and lock-in compliance tracking.

Expertise Delivered

The capabilities we brought to bear.

Multi-state Internal Audit

Standardized internal audit procedures across all 14 depots, with central oversight and exception reporting.

GST-Book Reconciliation

Three-way matching: GSTR-2A/2B vs books vs supplier ledgers, with mismatch resolution protocols.

Marketplace Reconciliation

Amazon, Flipkart, and other marketplace settlement reports reconciled to revenue books.

Director ITR Filing

Personal income tax with capital gains components — securities, real estate, mixed transactions.

Section 54F Optimization

Strategic planning for securities-to-residential property reinvestment with full exemption preservation.

Key Outcomes

The results we delivered.

Books fully reconciled across all 14 state operations
Significant ITC mismatches identified and recovered
Section 54F exemption preserved on Director's transaction
Compliance load reduced via standardized process automation

“At N D Savla & Associates, we don't just ensure compliance — we help you make smarter financial decisions with clarity and confidence.” — N D Savla & Associates

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