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.
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.
How we executed the engagement.
Internal Audit Setup
Standard Operating Procedures for inventory, sales, returns, and marketplace reconciliation rolled out across all 14 depot locations.
GST Compliance
Multi-state filings, GSTR-2B reconciliation, e-Way bill audits, and ITC eligibility reviews.
TDS & TCS Reconciliation
Section 194Q (purchase TDS), 206C(1H) (sale TCS), and marketplace TCS reconciliation against books.
Director Personal Tax
Personal ITR filing with Section 54F structuring for capital gains arising from securities disposition.
Capital Gains Optimization
Reinvestment timing in eligible residential property and lock-in compliance tracking.
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.
The results we delivered.
At N D Savla & Associates, we don't just ensure compliance — we help you make smarter financial decisions with clarity and confidence.
