Our Successfull Case Studies
Statutory & Internal Audit | Tax Compliance | Advisory Services
Our firm has successfully executed 6+ complex audit engagements across diverse industry verticals, spanning manufacturing, financial services, import/export, cosmetics & consumer goods, energy, and non-profit sectors. Our expertise encompasses statutory audits, internal audits, transfer pricing compliance, GST/TDS/forex reporting, and specialized tax advisory for multi-state operations.
Manufacturing & Industrial
Client Type: Manufacturing | Power Appliances & UPS Systems
Engagement: Statutory Audit
Key Challenge: Preparation of comprehensive depreciation schedules for substantial fixed asset base, with complex asset categorization and depreciation methodology compliance.
Expertise Delivered: Fixed asset auditing | Depreciation computation | Capital asset management | Regulatory compliance
Import/Export & Trade
Client Type: Trading Company | Chemical Import & Distribution
Engagement: Statutory Audit
Specialized Knowledge Areas: International trade compliance | Customs regulations | Import documentation (PO, Invoice, Shipping, Bill of Entry)
Key Deliverables: RoDTEP (Remission of Duties and Taxes on Exported Products) incentive tracking and accounting | Under-invoicing detection | Customs authority compliance | Foreign exchange monitoring
Critical Expertise: Detection and prevention of customs evasion schemes | Proper incentive booking in financial records | Import-export regulatory compliance
Cosmetics & Consumer Goods
Client Type: Cosmetics & Consumer Products | Multi-state Distribution
Engagement: Internal Audit | GST Compliance | TDS Compliance | Income Tax Returns
Operational Complexity: Multi-depot structure across 14 states in India | Online and offline sales channels
Key Challenges Managed:
- Reconciliation of books of accounts with GST filings and online sales platforms
- Stock recording and inventory management across geographically dispersed depots
- Complex capital gains taxation under Section 54F (securities disposition)
- Multi-state tax compliance coordination
Expertise Delivered: Internal audit systems | GST-Book reconciliation | Multi-state operations management | Director ITR filing | Capital gains planning
Financial Services & Investment Banking
Client Type: Investment Banking | PE/VC Advisory | M&A Services
Engagement: Ongoing Statutory Audit
Audit Focus Areas:
- Foreign exchange gains/losses and proper recording
- Deal-based income recognition (dependent on M&A completion)
- Revenue volatility management and forecasting challenges
- Delayed payment and deal cancellation reserves
- Salary cost scrutiny in service delivery model
- TDS/TCS compliance on various income streams
- GST compliance on advisory services
Expertise Required: Investment banking accounting | Deal-contingent revenue recognition | Forex management | Service-based tax compliance | Financial volatility auditing
Technology & Software Services
Client Type: ERP & Software Implementation | Parent: USA-based
Engagement: Statutory Audit | Transfer Pricing Compliance
Operational Scale: Multi-state operations (Maharashtra, Gujarat) | High employee count | 80%+ foreign revenue (USA-based)
Key Compliance Areas:
- Transfer Pricing documentation and arm’s length pricing with parent company
- Contract-based revenue recognition (proportionate to fulfillment)
- Multi-state labor law compliance (PT, PF, ESIC, MLWF)
- Foreign exchange workings and proper Forex tracking
- GST compliance on notional foreign income (government charges)
- Forex gain/loss management
Expertise Delivered: Transfer pricing strategy | Revenue recognition standards | Multi-state labor compliance | Forex management | Foreign income taxation
Non-Profit & Trust Sector
Client Type: Religious Trust | Charitable Organization
Engagement: Statutory Audit | Income Tax Return Filing
Specialized Knowledge: Trust governance | 80G compliance | Donation reporting
Key Compliance Challenge: Income application rules – Trusts must apply minimum 85% of income to trust activities. Management of non-compliant applications with corresponding tax forms and reporting obligations.
Forms & Filings Managed: 10BB, 10B, 9A
Expertise Delivered: Trust compliance framework | Donation management | Income application optimization | Religious trust accounting
