KBL Agrawal & Co.

Quality is our Priority

Table of Contents

 About us

 Our Experience

 Our Service Offerings

 Our Specialization

 Our Credentials

 Contact us
About us

KBL Agrawal & Co. is a leading Chartered Accountancy firm in India

(established in August 1949) providing specific services in the fields of Assurance,
Risk Advisory, Taxation, Accounting, Compliance and allied areas. Over a period
of time, KBL has earned a reputation for providing services of the highest quality
with the aim of adding value to each of its client in a totally professional,
independent and ethical manner.

KBL recognizes that each client is unique with distinct needs, which must be fully
comprehended and analyzed in all its dimensions before the right service options
can be offered.

KBL is group of highly talented and experienced

professionals who possess relevant skills and are
committed to achieve business objective of client.
Providing quality services has been the main
cornerstone of our success.
Our Experience

 Industry relevant experience in Banking, Insurance, Information technology,

Media, Housing, Manufacturing, Education etc.

 Wide experience in auditing of:

 Public Sector Undertakings (PSU’s)
 Financial institutions/ Govt. Funding Organizations
 Co-operative Societies
 Private Sector Undertakings

 Empanelled with:
 Comptroller and Auditor General of India
 Central Registrar of Cooperative Societies, Ministry of Agriculture, Govt.
of India
 Reserve Bank of India for Statutory audits of PSU & RRBs
 Ministry of Tribal Affairs, Govt. of India
 Public Sector, Scheduled and Pvt. Sector banks for Revenue, Inspection,
Concurrent Audit.
 Registrar Co-operative Societies, New Delhi, Govt. of NCT of Delhi
Our Service Offerings

Assurance
• Statutory and Tax Audits
• Opinions on Accounting and Auditing
• Migration from Indian GAAPs to International
Financial Reporting Standards (IFRS)

Risk Advisory Services

• Internal Audits
• Risk Assessment and Clause 49 Implementation
• Business Process Reviews and SOX compliance
• Fraud Risk assessment

Tax and Regulatory Services

• Direct Tax Advisory
• Indirect Tax Advisory
• Advising, resolving and giving opinion on various
Company law related issues
Accounting & Compliance
Services
• Statutory Compliance framework
• Statutory Payments and Filing Returns
• Regular book keeping, HR and Payroll processing
• Fixed Assets verification and assistance in
completion of records
 Auditing & Risk Advisory Tax & Regulatory Accounting &
Assurance Services Services Compliance

1. Auditing & Assurance Services

• We provide comprehensive auditing & assurance services to clients in different spheres of business. Our
services include:
• Statutory Audit : of both Public and Private Companies, Banks, Financial Institutions, PSU's, firms
and Sole-Proprietor’s
• Tax Audit : To prepare report in Form 3CA/3CB including annexure in Form 3CD as per Section
44AB of the Income-Tax Act
• Stock Audit : is carried out on behalf of banks and financial institutions. The objective is to ensure
that the security against which funds are lent by the bank is safe and valued correctly.
• Due Diligence : - We assist clients in conducting financial, legal and accounting reviews in case of
mergers, acquisitions and investments. A sound understanding of local laws, regulations and
accounting practices enables us to vet all critical issues in detail.
 Auditing & Risk Advisory Tax & Regulatory Accounting &
Assurance Services Services Compliance

2. Risk Advisory Services

• Our range of Advisory services includes:
• Internal Audit Reviews
• Risk Assessment and Business Process reviews
• Development of Standard Operating Procedures etc
• Setting up Internal Control Framework

• Internal audit function plays a significant role in facilitating a comprehensive insight & overview of the
current state of affairs and identification of issues / concerns and raising alerts at appropriate times. We
help companies with all such advisory services:
• By assisting them in better managing and mitigating business risks including fraud risks
• By reviewing the design of internal controls and testing their Operating Effectiveness and check
compliance with internal policies, procedures and rules, where these exist.
 Auditing & Risk Advisory Tax & Regulatory Accounting &
Assurance Services Services Compliance

3. Tax & Regulatory Services

• Tax Services
• Sound business decisions need to be backed by the right tax advice. We offer expertise on all aspects of
Indian Direct and Indirect tax, while rendering quality control assurance in tax compliance, returns
preparation and filing.

• Regulatory Services
• We also offers Company Law consultancy services by advising, resolving and giving opinion on various
Company law related issues. With Companies functioning in India governed by Companies Act, 1956,
each company needs to get registered with Registrar of Companies (ROC) and file necessary documents
for different statutory requirements. The Company Law consultancy services offered are designed to
serve the demands of all big and small type of companies regardless of size who are regulated by
Companies Acts 1956.
 Auditing & Risk Advisory Tax & Regulatory Accounting &
Assurance Services Services Compliance

4. Accounting & Compliance

• Some of the services we offer under Accounting & Compliance Services are:
• Building Statutory Compliance Framework
• Statutory Payments and Filing Returns
• Regular book keeping
• HR and Payroll Processing
• Fixed Assets verification and assistance in completion of records

• One of the key components of a successful organization is its ability to develop and setup efficient
accounting systems that keep track of and guide the flow of finance and management information.

• Setting up the basic procedure of the accounting system, timely updation of the books of accounts,
adherence to the compliance requirements of Income Tax, VAT Laws, Service Tax Act, Labour laws etc.
all form a part of our service portfolio.
Our Specialization – Tax and Regulatory Services

Our Services:
Service
tax
 Transaction Advisory Services
Direct
Excise
Tax
 Diagnostics Reviews/ Health Checks

Tax VAT/
 Litigation and Representative Services
GST
Services CST
 Audit Defense & Protection

SEZ/
 Retainership & Compliance Services
Customs
EOU
FEMA/  Configuration of Tax efficient Business
FTP

Model
Our Specialization – Tax and Regulatory Services (Cont.)

Transaction Advisory Services

• Tax implications of business transactions:
• Applicability of various indirect taxes
• Eligibility to exemptions/ deductions/ abatements
• Classification & Valuation related issues, etc.
• Cross-border transactions of goods & services
• Eligibility & Extent of Input Cenvat Credit available
• Business Model & Procedural aspects

Diagnostics Reviews & Health Checks

• Diagnostics reviews aimed at achieving the following:
• Consistency in implementations of tax policies across business divisions/ verticals
• Effectiveness of tax compliances & reporting processes
• Improvements in internal controls, records and documentation
• Design a tax framework consisting of tax policies, internal controls, responsibility matrix
& MIS reports

Litigation & Representation Services

• Representation before Adjudication & Appellate authorities and other Courts of law
• Assistance in investigations by Revenue Intelligence authorities
• Advice on potential liability arising out of disputed transactions
• Drafting reply to letters/ notices received from Dept.
• Representation in Provisional Assessment/ Special Valuation Branch Proceedings, etc.
Our Specialization – Tax and Regulatory Services (Cont.)

Audit Defense
• Tax and Audit expertise combine to achieve the following:
• Consistency of tax positions across business divisions & various States
• Improve level of compliances & preparedness to face audit/ assessment by VAT
authorities
• Appearance before the Departmental Audit team
• Standardized formation of audit approach & processes
• Review & Reporting of deficiencies

Retainership & Compliance Support

• Direct & Indirect Tax Retainership & Compliance support on PAN India basis
• Single Point advisory for tax payments, filing of returns & assessments/ audits
• MIS on various compliances which facilitate reporting for corporate governance & better
control/ check
• Status report of progress in assessments and appeals
• Preparation of customized compliance manuals on all indirect taxes
Our Specialization – Tax and Regulatory Services (Cont.)

Service Tax
• Registration, Review, Preparation and filing of Return under the Service Tax
• Audit Assurance and Assessment
• Consultancy, Opinion and Advisory
• Adjudication and Litigation Matters
• Tax System Development and Configuration in ERP System
• Refund and Rebate –Export of Services
• Representation before CBEC, TRU, etc.

Excise
• Registration, Review, Preparation and filing of Return under the Central Excise
• Classification & Valuation – MRP/ Transaction Value Issues
• Assurance and Assessment with Consultancy, Opinion and Advisory
• Cenvat Credit on Input Vs. Output -System Development and ERP System
• Refund and Rebate – Export of Goods/ Terminal Excise Duty
• Cenvat Credit Audit

Value Added Tax

• Registration under Central Sales Tax Act & various local State VAT Acts & Rules thereof
• Review, Preparation and filing of CST & Local State VAT returns
• Consultancy, Opinion and Advisory
• Statutory forms, Transit forms, etc.
• Representation before Local VAT Adjudication & Appellate Authorities
• Advisory functions for Octroi and Entry Tax Issues
Our Specialization – Tax and Regulatory Services (Cont.)

FEMA
• Accounting, Auditing and Financial Services
• Advisory on Inbound & Outbound Investment- Automatic and Approval Route, Export/
Import of Goods & Services
• ECB & Compliances, Adjudication and Appeals
• Issuance of Shares/ Debentures to overseas Parties, FC –GPR,
• Compliances under the FEMA Act
• Compounding of Offences
• Representation before Authorized Dealer/ RBI

Special Economic Zones

• Assistance in setting up of unit in SEZ
• Assistant in evolving tax efficient & regulatory compliant structure for a SEZ and unit in SEZ
• Evaluate business models to ascertain & maximize the fiscal benefits
• Top–to-Bottom assistance from approval to applicability of various provisions related to SEZ
Unit & Developers Government
• Representation before State Government for state incentives/ concessions and
recommendation to the Board of Approval

Goods and Service Tax

• Assistance and Guidance on following:
• How GST will impact your business?
• Assisting in designing or redesigning of ERPs in line with upcoming GST
• Reviewing contractual arrangements with suppliers and customers
• Training and orienting staff, distributors, suppliers and customers
• Latest updates and news on the GST and status of its implementation
Our Specialization – Tax and Regulatory Services (Cont.)

Direct Taxation
• Audit and Assessment – Regular & Scrutiny
• Transfer Pricing – Guidance, Audit, Fixation Mechanism, Assessment, etc.
• Consultancy, Opinion and Advisory
• Filing and Pleading appeals at various forums
• Special expertize in search, seizure and prosecution litigation
• Double Tax Avoidance Agreement related issues
• Representation before CBDT

Company Law Matters

• Formation and Registration, Representation & Appeals
• Compliances under Companies Act, 1956
• Liaison with Registrar of Companies & Regional Directors
• Getting Director Identification Number
• Maintenance of Statutory records prescribed under Companies Act, 1956
• Online filing of various forms & information, etc.
Our Specialization – Risk Advisory Services

Why we can deliver better than others - Our differentiating factors

An Systemic
Ability to thinking Commitment
experienced
Partner and root to continuous
Internal
cause improvement
Audit Team
analysis

Audit Stages

Audit Planning Execution Reporting Follow Up

Understanding Business Understanding the area Follow up of Prior audit

Detailed Reporting
Objectives under review issues

Tracking Implementation
Annual Risk Assessment Plan and Scope Audit Issue Tracking
status

Management/ Audit
Annual Audit Plan Execution
Committee Reporting
Our Specialization – Risk Advisory Services (cont.)
Our Approach & Methodology

Internal Audit Documentation of SOPs

Review existing documents &

Conduct Process walkthroughs
procedures

Checking Design of Internal Gain understanding of current

Controls business processes

Data Analytics and Substantive

Designing As-Is procedures
Testing

Identification of Gaps/ Process Identification of Gaps/ Process

Improvement opportunities Improvement opportunities

Exit Meeting with Process owners

Designing ‘To – Be’ procedures
and Head of Department

Receive Management comments

Discussion and finalization
on Draft Report

Discussion with Senior

Roll out and Implementation
Management &Issue Final Report
Our Team

Name  Mr. Durga Das Agrawal

Qualifications  B.com, LLB, F.C.A., D.I.S.A., PHD

Experience  Practicing as a partner of KBL Agrawal & Co. since 1994 and practicing since 1986.
He has been engaged in the field of Audit, Taxation, Finance and NGO Services.
 He has also been involved in the audit of major nationalized banks and non-banking
finance companies. He has a good exposure to the Indian Accounting and Auditing
Standards and the International Financial Reporting Standards.
 Served Institute of Chartered Accountants of India as a Chairman of Northern
Indian Regional Council for 2012-13.
 He has contributed services by holding various positions in Northern Indian
Regional Council of ICAI.
 Founder of East Delhi CA CPE Study Circle formed in year 1998 for continuous
professional education/ learning to members of ICAI.
 Associated with various NGO`s in different capacities.

Name  Mr. Pawan Kumar

Qualifications  B.com, F.C.A.

Experience  Practicing as a partner of KBL Agrawal & Co. since 1994 and qualified in 1992
 He is an expert on Accounting Standards, including International Accounting
Standards. He also deals with matters relating to Company Law.
Our Team

Name  Mr. Mukesh Kumar

Qualifications  B.com, F.C.A.

Experience  Practicing as a partner of KBL Agrawal & Co. since 1994 and qualified in 1993
 His areas of expertise is Indian GAAP and also handles corporate taxation.
 He has experience of tax advisory in various industries Manufacturing, Pharmacy,
Hotels, Construction, Banks etc. which includes various statutory and tax
compliances. All types of certification like certificate of remittances, net worth etc.
She also provides assistance in assessments and refund of taxes at various level of
authorities.

Name  Mr. Prabhat Kumar

Qualifications  B.com, F.C.A.

Experience  Qualified in 1986 and Practicing as a partner of KBL Agrawal & Co. since 2008 and
rendering Corporate Advisory services. He has handled several assignments relating
to Statutory Audits of corporates, Insurance Companies & Banks. He has been
involved in advising corporates proposing to come up with Public Issues (IPOs). He
has carried out several assignments for Due Diligence and Amalgamation of
companies. He has acumen for process and controls and specializes in Internal
Audit.

Name  Mr. Rajesh Sharma

Qualifications  B.com, F.C.A.

Experience  Joined and qualified in year 2000. He looks after several external audit clients. He
also does Business valuations, Due diligence, special assignments for many clients.
Our Team

Name  Mr. Suneet Agarwal

Qualifications  Chartered Accountant, B.com

Experience  Has rich experience of 8 years in Auditing, Taxation and Statutory Compliance of
various industries.
 He has worked with Pricewaterhousecoopers & American Express prior to DD
Agrawal & Company.
 He’s worked across different industries such as Telecom, Banking, IT & ITES (BPO),
Automotive, NBFC’s & Micro Finance companies etc. and has worked on most
business processes applicable to the sectors.
 Some of the major clients handled include Bharti Airtel Limited, Indus Towers
Limited, GAIL, Canara Bank, Bhushan Steel, Indian Overseas Bank etc.

Name  Mr. Shashank Agrawal

Qualifications  Chartered Accountant, B.com, MBF ( Master in Business Finance )

 Diploma in animation and multimedia, Master of Economics.

Experience  Has rich experience of 4 years in Auditing, Taxation and Statutory Compliance of
various industries.
 He is member of service tax committee of the Institute of chartered accountants of
India. Service tax committee is group of experts working closely with the service tax
department for enhancement of service tax across the country.
Our Credentials Key Clientele
Contact us

K.B.L Agrawal & Co.

Chartered Accountants
413, Vikas deep Building,
Laxmi Nagar, District Centre
Delhi -110092
814A, Vikas deep Building,
Laxmi Nagar, District Centre
Delhi -110092
Off:- +91-11-22430486
+91-11-22437235
Fax:- +91-11-22430486
Home Ph.- +91-9711262696

Email: suneet@kblcompany.com
Thank You