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Client Case Stories | N D Savla & Associates
Client Stories

Real engagements, real outcomes — for businesses across Goa and beyond.

A look at how N D Savla & Associates has helped hospitality groups, foreign founders and cross-border families stay compliant, structure smartly and grow with confidence.

Case Studies

Engagements led by a trusted partner.

Hospitality
Case Story 01

Baga Beach Hotel — GST Reconciliation & Compliance Revival

Baga Beach, Goa Private Limited ₹18 Cr turnover
The situation

An in-house accountant managed finances, but limited GST expertise meant reconciliation gaps had built up over time — and management didn't know how deep the issue ran.

What we did

Within 3 days, NDSA deputed a team to the client's Goa office, ran a full diagnostic, and completed an end-to-end GST reconciliation in 30 days — cleaning mismatches and realigning input tax credit.

Outcome — An ₹18 crore hospitality business moved from compliance uncertainty to full GST order, with a clean records base and ongoing support, without disrupting daily operations.
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Arts & Wellness
Case Story 02

Russian Entrepreneur — End-to-End Business Setup in India

Panjim, Goa Foreign National, Russia Private Limited
The situation

A Russian entrepreneur wanted to open a dance studio in India, but faced visa complications, no local network and no knowledge of Indian business law.

What we did

We handled incorporation end to end, arranged a local Indian director, and took on complete compliance — GST registration and filings, income tax and statutory audit — while her visa was resolved.

Outcome — Her dance studio is now a well-known, growing establishment in Panjim, with every compliance deadline and filing handled by NDSA, so she could focus entirely on her students.
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Cross-Border Business
Case Story 03

Australian Couple — Smart Restructuring from OPC to LLP

India / Australia Australian Citizens OPC → LLP
What we found

Their OPC was taxed at 25% with an added dividend distribution tax on personal withdrawals — effective double taxation. Cross-border invoicing with their Australian entity also raised transfer pricing concerns.

What we did

We converted the OPC to an LLP, so profits pass through to partners and are taxed once at individual rates, and structured their cross-border invoicing in line with transfer pricing requirements.

Outcome — A leaner, tax-efficient structure with significantly lower personal tax, freeing up funds for property investment, and a fully compliant cross-border arrangement.
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D2C / Personal Care
Case Story 04

D2C Personal Care Brand — Building a Virtual CFO Function Before a Funding Round

Mumbai Private Limited ₹14 Cr turnover
The situation

A founder-led brand scaled to ₹14 crore in three years via Instagram and marketplaces, but finance hadn't kept pace — no MIS, no channel-wise profitability, no investor-ready reporting. A term sheet was on the table, conditional on audit-ready financials within five weeks.

What we did

NDSA stepped in as the outsourced CFO function — rebuilding the chart of accounts to separate margins by channel, setting up a monthly MIS, building a three-year model for the data room, and handling investor finance queries directly.

Outcome — Due diligence wrapped with no delays and the round closed at the founder's target valuation, with the investor citing reporting quality as a reason diligence moved fast. NDSA continues as outsourced CFO post-funding.
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Technology / SaaS
Case Story 05

UK SaaS Company — Building an India Engineering Team Through EOR

Bengaluru / UK HQ Foreign Company No India entity
The situation

A London-headquartered SaaS company wanted to hire engineers in India to test the market without committing to a subsidiary. The real worry was everything around the hire — payroll, provident fund, ESIC, professional tax and labour law obligations from 6,500 km away.

What we did

NDSA's Employer of Record desk became the legal employer for the India hires — issuing compliant employment contracts and running payroll, statutory deductions and filings end to end — while the client kept full day-to-day control. The first two engineers onboarded within twelve days.

Outcome — Within two months the company had a six-person India team at a meaningfully lower cost than the UK. A year on, with the bet proven, it is incorporating its own subsidiary, and NDSA is managing the EOR-to-direct-payroll transition seamlessly.
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Manufacturing
Case Story 06

Packaging Manufacturer — Defending a ₹2.3 Crore Income Tax Scrutiny Notice

Bhiwandi, Maharashtra Private Limited, family-run ₹32 Cr turnover
The situation

A third-generation packaging manufacturer received a scrutiny notice questioning ₹2.3 crore in unsecured loans from related parties. The officer wanted proof of identity, creditworthiness and genuineness for every lender — within fifteen days — with the entire amount at risk of being treated as unexplained income.

What we did

NDSA's litigation team took over within 48 hours — reconstructing the full loan trail (bank statements, ITRs, loan confirmations, board resolutions), building a documented case for each lender, drafting a detailed submission backed by case law, and representing the family at every hearing.

Outcome — The assessment closed with no addition made — the entire ₹2.3 crore trail was accepted as genuine, avoiding a significant tax and penalty outgo. We also tightened their loan documentation so the next scrutiny is a formality, not a fire drill.
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Textiles & Garment Export
Case Story 07

Garment Exporter — Unlocking ₹84 Lakh in Blocked GST Refunds

Bhiwandi, Maharashtra Partnership Firm ₹22 Cr turnover
The situation

An export-focused garment manufacturer had ₹84 lakh in IGST refunds stuck across eleven months of shipping bills, with no clear answer on why claims kept getting rejected. Working capital was tightening just as they signed a larger German buyer and needed cash for the first big order.

What we did

We pulled the complete refund trail and found the real problem — a mismatch between invoice values on shipping bills and GSTR-1 for a few months, silently rejecting every linked refund. We filed rectified returns, re-filed the applications with reconciliation statements, and followed up directly with the jurisdictional officer.

Outcome — ₹84 lakh was released over ten weeks in three tranches, letting the firm fund the German order without a 13%+ working capital loan. We also set up a monthly shipping-bill-to-GSTR-1 check so future refunds clear on the first pass.
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Real Estate / Personal Tax
Case Story 08

NRI in Dubai — Selling an Inherited Mumbai Property Without the TDS Trap

Dubai, UAE / Mumbai Individual Non-Resident Indian
The situation

An NRI in Dubai inherited his father's Bandra apartment and found a buyer fast — but hit the standard NRI snag: the buyer's bank wanted to deduct TDS at 20% plus surcharge and cess on the entire ₹3.1 crore sale value, not just the gain. That meant over ₹65 lakh blocked at source with no certainty on the refund timeline.

What we did

We computed the actual capital gain — factoring in inherited cost of acquisition, indexation, brokerage and improvement costs — and applied for a lower TDS certificate under Section 197 directly with the assessing officer, with full documentation on inheritance, valuation and cost basis.

Outcome — The certificate came through in three weeks, capping TDS at the actual liability and freeing roughly ₹48 lakh that would have sat blocked for a year. We also filed his India return and handled the FEMA remittance to Dubai with Form 15CA/15CB end to end.
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Engineering / Manufacturing
Case Story 09

Three-Generation Manufacturing Family — Structuring a Succession Without a Dispute

Thane, Maharashtra Private Limited, family-owned ₹46 Cr turnover
What we found

The founder wanted to bring his two sons into formal ownership before retiring, but had only an informal understanding. The company held three properties and an investment portfolio in his personal name, and there was no shareholders' agreement governing disagreements — the single biggest risk to the business surviving the handover.

What we did

We restructured shareholding to give both sons defined, equal stakes while the founder kept a controlling share during transition, drafted a shareholders' agreement covering decision rights, exit and dispute resolution, and set up a family trust to hold personal real estate and investments — built around a five-year handover.

Outcome — A documented, tax-efficient succession plan with both sons formally invested, ambiguity removed by the shareholders' agreement, and personal assets ring-fenced in trust. The business is now two years into the transition with no surprises.
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Pharmaceutical Distribution
Case Story 10

Pharma Distributor — Catching an Inventory Leak During Statutory Audit

Andheri, Mumbai Private Limited ₹28 Cr turnover
What we found

Engaged for a routine annual statutory audit, our team found during physical stock verification a consistent gap between book and physical inventory for high-value, fast-moving products — small enough each quarter to write off as breakage, but adding up to roughly ₹62 lakh in unexplained shrinkage over eighteen months, pointing to a control failure at dispatch.

What we did

We flagged it to the promoter immediately rather than waiting for the report, and traced the gap to a dispatch process where one supervisor controlled both the stock register and physical release — a segregation-of-duties failure. We helped design and implement a revised dispatch control with independent verification at release.

Outcome — The control gap was closed within a month and shrinkage in the next two quarters dropped to negligible levels, confirming the leak rather than spoilage was the cause. The promoter now has NDSA run a quarterly internal controls review alongside the annual audit.
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F&B / Hospitality
Case Story 11

Goa Restaurant — Cleaning Up GST Compliance Without Disrupting Service

North Goa Proprietorship ₹1.8 Cr turnover
The situation

A family-run beachside restaurant was filing GSTR-1 and GSTR-3B late almost every month, applying the wrong GST rate to AC dining, takeaway, and liquor-with-food billing, and claiming input tax credit on ineligible expenses. A department notice had already arrived, with two more likely on the way as the peak tourist season approached.

What we did

NDSA reviewed twelve months of filings against POS and bank data, reclassified billing categories at the point of sale, set up monthly GSTR-2B reconciliation, put filings on a fixed calendar driven by POS exports, and drafted the notice response — then trained front-desk and accounts staff so the fix held through the busiest weeks of the season.

Outcome — Pending notice closed with no additional demand. Every GSTR-1 and GSTR-3B has since been filed on time, input tax credit reconciles cleanly each month, and the owner receives a simple compliance summary instead of a year-end scramble.
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Hospitality / Audit & Accounting
Case Story 12

Goa Hotel — Clean Books and a Clean Audit, Season After Season

South Goa Private Limited — 32-Room Hotel ₹6.5 Cr turnover
The situation

A family-owned boutique hotel tracked room revenue, F&B sales, and banquet income across three systems that never reconciled. Vendor bills were paid from whichever account had cash, and by the time the previous accountant attempted the statutory audit, the books were five months behind — delaying annual filings and straining the hotel's bank relationship.

What we did

NDSA reconstructed the prior year's books, unified the chart of accounts, took over weekly outsourced bookkeeping, conducted a year-end inventory and stock audit, and ran both the statutory audit under the Companies Act and the tax audit under Section 44AB from a single reconciled set of numbers — ahead of year-end for the first time in the company's history.

Outcome — Books now close monthly, both audits file on time with no qualified opinions, and loan renewal conversations that previously stalled over missing financials now move on schedule. NDSA continues as the hotel's outsourced accounting and audit partner.
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NRI Taxation / Property
Case Story 13

NRI Property Sale in Goa — Lower TDS, Clean Repatriation, No Surprises

Goa / USA Individual — NRI (USA) ₹2.4 Cr sale value
The situation

A US-based NRI selling an inherited villa near Candolim faced TDS of up to 20% on the entire ₹2.4 crore sale value — nearly ₹50 lakh locked up at source — unless a lower deduction certificate could be obtained before the deal closed. The cost base had to be reconstructed from 1990s purchase records of his late parents, with an eight-week closing deadline.

What we did

NDSA traced the original purchase deed, applied indexed cost of acquisition to arrive at the actual long-term capital gain, filed Form 13 with the assessing officer, and secured the lower TDS certificate before the sale deed was signed. We then coordinated the Form 15CA/15CB filings and guided the repatriation through the seller's NRO account under FEMA's USD 1 million limit.

Outcome — TDS withheld at source was cut from roughly ₹50 lakh to a fraction matched to the actual gain. The sale closed on schedule, funds reached the seller's US account within weeks, and no refund claim was needed the following tax season.
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Startup / Company Registration
Case Story 14

Startup Registration in Panaji — Investor-Ready From Day One

Panaji, Goa Pre-revenue — 2 Co-founders SaaS Startup
The situation

Two Panaji-based founders had a working beta of a hospitality booking platform and angel investor interest — but no incorporated entity, no PAN or TAN in the company's name, and no registrations. Uncertain between a private limited company, LLP, or proprietorship, and with investor conversations already in motion, they needed the right structure chosen and everything in place fast.

What we did

NDSA recommended a private limited company for its fundraising structure, then ran the full setup as a single engagement: DSCs, SPICe+ incorporation, GST registration, Udyam/MSME classification, and a DPIIT Startup India recognition application — including the pitch deck write-up — followed by formalising equity splits into a shareholders' agreement and cap table before any external money came in.

Outcome — Within three weeks the company was incorporated, GST-registered, Udyam-classified, and held a DPIIT recognition certificate. The founders raised their first customer invoice the week GST came through and walked into their investor meeting with a clean cap table — not a registration gap to explain.
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