Case Studies Archive - JPKAD & Associates

Directors reviewing an overseas direct investment structure for a UAE subsidiary

24 Sep 26

How a Thrissur Group Structured Its First Overseas Direct Investment in a UAE Subsidiary

Executive Summary An overseas direct investment had already been made by the time anyone in this Thrissur group asked what to call it. The promoters had incorporated a company in the UAE to hold stock closer to Gulf customers and to bid for work that required a local presence. Money…

Finance team assembling a vendor due diligence file at a Kochi company

22 Sep 26

How a Kochi Company Prepared a Vendor Due Diligence File Before a Strategic Sale

Executive Summary A vendor due diligence exercise began at this Kochi company several months before any buyer was approached. The promoter had decided to sell a majority stake and wanted to know what a purchaser would find, while there was still time to do something about it rather than merely…

Accounts team preparing records for a departmental GST audit in Thrissur

19 Sep 26

How a Thrissur Trading Company Handled a Departmental GST Audit Under Section 65

Executive Summary A departmental GST audit under Section 65 arrived at this Thrissur trading company with fifteen working days of notice and a list of records running back three financial years. Nobody in the business had been through one before, and the first reaction was to assume the worst. The…

Directors reviewing related party transactions at a Kerala family group

17 Sep 26

How a Kerala Family Group Brought Its Related Party Transactions Within Section 188

Executive Summary Related party transactions had been running through this Kerala family group for more than a decade before anyone tested them against Section 188. Three companies and a partnership traded with each other constantly. Premises were shared, staff moved between entities, and one company funded another whenever working capital…

15 Sep 26

How a Kerala Manufacturer Set Up Cost Records and Cleared Its First Cost Audit

Key Takeaways Cost records and cost audit are two separate requirements with two different thresholds. A cost auditor must be a cost accountant, and the statutory auditor cannot take the role. Form CRA 2 intimates the appointment, and the deadline runs from the board meeting or the start of the…

Accounts team reviewing supplier records against the MSME payment rule

08 Sep 26

How a Kerala Manufacturer Brought Its Suppliers Within the MSME Payment Rule Under Section 43B(h)

Executive Summary The MSME payment rule cost this Kerala manufacturer a deduction before anybody in the business understood that it applied. Purchases had always been made on the credit terms the market offered, usually sixty days and sometimes longer, and those terms had never been questioned by anyone on either…

28 Aug 26

How an Owner Managed Kerala Manufacturer Prepared for Its First Internal Financial Controls Reporting Year

Executive Summary Internal financial controls became a reporting matter for a Kerala manufacturer because it grew, not because anything went wrong. Turnover crossed the level at which the exemption available to smaller private companies ceases to apply, and the auditor’s report for the coming year would have to address controls.…

27 Aug 26

How a Foreign Owned Subsidiary Cleared an FC GPR Filing Backlog and Its Overdue FLA Returns

Key Takeaways Form FC GPR is due within thirty days of allotting shares to a person resident outside India. The Entity Master Form must be registered before any single master form reporting can be made at all. The FLA return is a separate annual obligation and is filed on a…

26 Aug 26

How a Thrissur Trading Company Answered a Faceless Assessment Notice Under Section 144B

Key Takeaways Faceless assessment moves entirely through the portal, so an unread notice is an unanswered notice. A show cause notice with a draft order is the last practical opportunity to place evidence on record. A personal hearing through video conference has to be requested, it is not offered automatically.…

26 Aug 26

How a Kerala Manufacturer Met Its First Transfer Pricing Obligation After a UAE Affiliate Was Formed

Executive Summary Transfer pricing obligations arrived at a Kerala manufacturer without any change to how it traded. The promoters had incorporated a trading company in the UAE to serve Gulf customers. From that moment the sales the Indian company had always made to those customers became international transactions between associated…

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