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Practice Areas

Service Portfolio

Nine coordinated practice areas — audit, taxation, mediation, advocacy, insolvency, debt advisory, incentives and reporting support — delivered by one professional team.

01

Audit & Assurance

VK&S supports statutory, tax, internal and compliance audit assignments through structured planning, documentation review and reporting assistance. The work covers listed companies, banks, NBFCs, PSUs and MSMEs based on engagement scope.

  • Statutory Audit under Companies Act, 2013
  • Tax Audit under Section 44AB of the Income Tax Act
  • Internal Audit & Management Audit
  • GST Audit and Reconciliation (GSTR-9C)
  • Concurrent Audit for Banks & NBFCs
  • Stock & Receivables Audit
  • Due Diligence Reviews for M&A transactions
  • System Audit & IT Audit
Audit & Assurance

Audit planning, documentation review and reporting support

Workpaper discipline, audit schedules, reconciliations and reporting assistance based on the agreed engagement scope.

PlanningReviewReporting
Direct Tax

Tax compliance, filings and representation

Support for return filing, assessment proceedings, appeals and advisory under direct tax law.

ReturnsAppealsTDS
02

Direct Taxation

The direct tax practice supports return filing, assessment proceedings, appeals, TDS compliance, transfer pricing documentation and advisory for individuals, HUFs, partnerships, trusts and corporate entities.

  • Corporate Tax Planning & Advisory
  • Tax Return Preparation & Filing
  • Assessment, Reassessment & Appeals
  • Representation before CIT(A), DRP & ITAT
  • Transfer Pricing Study & Documentation
  • TDS Compliance & Advisory
  • International Taxation & DTAA
  • Tax Due Diligence for M&A
03

Indirect Tax & GST

The indirect tax practice covers GST, Customs, legacy Service Tax and allied laws, including implementation support, compliance reviews, refund claims, advisory, audits, notices and representation matters.

  • GST Advisory, Structuring & Compliance
  • GST Return Filing (GSTR-1, 3B, 9, 9C)
  • GST Refund Claims — Export & Inverted Duty
  • GST Audit & Health Check
  • Representation before GST Authorities & Tribunal
  • Customs & DGFT Advisory
  • SEZ / EOU Compliance
  • Legacy Service Tax Matters
  • Customs Duty — Classification, Valuation & Compliance
  • Import / Export Licensing & DGFT Procedures
  • Anti-Dumping & Safeguard Duty Advisory
IDT & GST

Indirect tax advisory, compliance and representation

Coverage for GST returns, audits, refund claims, Customs matters and legacy indirect tax issues.

IDTGSTCustoms
05

Insolvency & IBC

The insolvency practice supports proceedings under the Insolvency and Bankruptcy Code, 2016, including CIRP, liquidation, creditor advisory, resolution applicant assistance, NCLT process documentation and assignments where the firm or its professionals act as Interim Resolution Professional (IRP), Resolution Professional (RP) or Liquidator.

  • Corporate Insolvency Resolution Process (CIRP)
  • Liquidation Proceedings
  • NCLT filing and process documentation support
  • Financial Creditor & Operational Creditor Advisory
  • Resolution Applicant Advisory
  • Pre-Pack Insolvency (PPIRP)
  • Personal Insolvency (IBA)
  • Assignments as IRP / RP / Liquidator
IBC

Insolvency process and creditor advisory

Support for CIRP, liquidation, resolution applicant advisory and IRP/RP-related workstreams.

CIRPIRP / RPLiquidation
Debt Advisory

Debt advisory and bank proposal support

Assistance for project finance, working capital proposals, rating advisory and restructuring.

ProjectCMARating
06

Debt Syndication

The debt advisory practice supports project finance, working capital proposals, credit rating advisory, debt restructuring and related coordination with banks, financial institutions and NBFCs.

  • Project Finance & Term Loan Syndication
  • Working Capital Finance Advisory
  • Credit Rating Advisory (CRISIL, ICRA, CARE)
  • Bank Loan Proposals & CMA Preparation
  • Structured Finance Solutions
  • NBFC & Alternative Finance Sourcing
  • Debt Restructuring & OTS Advisory
  • Export Finance (ECGC, Exim Bank)
07

State Incentives & PSI

The incentives practice supports state-level incentive schemes including PSI Maharashtra and Telangana incentive matters, along with financial documentation, CA certifications and coordination on FEMA/RBI reporting where relevant.

  • Package Scheme of Incentives (PSI), Maharashtra
  • Scheme of Telangana — Investment Advisory
  • India entry financial and accounting setup support
  • FEMA/RBI reporting and CA certificate support, where applicable
  • Entity structure documentation and regulatory onboarding support
  • Industrial Promotion Subsidy Claims
  • Power Tariff Concession Applications
  • Employment Generation Incentive Claims
Incentives

Incentive claim and certification support

Financial documentation, subsidy claim workings and CA-certification assistance where applicable.

PSIClaimsCertificates
Ind AS Reporting

Ind AS reporting and diligence assistance

Accounting impact assessment, reporting schedules and transaction diligence support.

Ind ASPPADD
08

Ind AS & Reporting Support

This practice supports accounting impact assessment, financial reporting schedules, transaction diligence and valuation inputs required for reporting or transaction workstreams.

  • Ind AS impact assessment and readiness review
  • Transition to Ind AS, including opening balance sheet support
  • Financial statement schedules and disclosure support
  • Financial due diligence for M&A, PE and FDI transactions
  • Valuation inputs and coordination for transaction accounting
  • Purchase price allocation and impairment accounting support
  • Goodwill impairment review support
  • ESOP accounting support under Ind AS 102
09

IPO Readiness / Handholding

This practice supports companies preparing for an IPO through readiness assessment, financial-reporting discipline, restatement workstreams, due-diligence coordination and post-listing compliance handholding. The team works with management, statutory auditors, merchant bankers and legal advisers on agreed financial and documentation deliverables.

  • IPO-readiness diagnostic and gap assessment
  • Financial-statement restatement and reporting schedules
  • Due-diligence data-room preparation and query tracking
  • Audit and limited-review coordination with closure trackers
  • Capital structure, net worth and financial certificate workings
  • Internal-control and reporting-process readiness
  • Financial information support for merchant bankers and advisers
  • Post-listing financial reporting and compliance handholding
IPO Readiness

From readiness assessment to post-listing handholding

Financial restatement, diligence coordination, reporting-process readiness and structured post-listing support.

ReadinessDiligenceReporting