Chartered Accountants · Est. 1989 · Jaipur | Gurugram
+91 141 4004382 smisra@casma.co.in
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Core Practice

Audit & Assurance

Audit and assurance is a core part of the practice, with a focus on financial transparency, risk management and internal controls.

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Statutory AuditsFor banks, financial institutions, government corporations and businesses.
Listed Company AuditsStatutory audits and quarterly limited reviews of listed entities.
Concurrent & Internal AuditsReal-time monitoring, risk assessment and process optimisation.
Forensic AuditsInvestigation of financial discrepancies, fraud detection and tracing of irregularities.
Agency for Special MonitoringConcurrent audit, TRA account oversight and controlled fund disbursement for large power projects.
Project Monitoring AuditsVendor payments, cost controls, loan reconciliation and compliance.
Efficiency-cum-Performance AuditsImproving productivity and financial discipline.
Revenue & Tax AuditsTax compliance, revenue recognition and financial reporting.
Stock AuditsVerifying inventory accuracy and preventing discrepancies.
Hospitality Industry AuditsTransparency, regulatory adherence and efficiency.
State Discom AuditsStatutory, revenue and internal audits for power companies.
Internal Control SystemsRisk management frameworks for stronger governance.
Special Audit AssignmentsFocused investigations tailored to specific needs.
Core Practice

Tax Litigation, Advisory & Compliance

Representation in direct and indirect tax litigation, tax advisory and compliance, with attention to changes in tax law and the risk of penalties.

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Tax litigation & dispute resolution

GST Assessments & AuditsInvestigations, department audits and scrutiny proceedings.
GST AppealsBefore the First Appellate Authority, GSTAT and CESTAT.
Income Tax Appeals & AssessmentsDefending demands before CIT(A), ITAT and higher forums.
Search, Survey & InvestigationsBlock assessments and demand resolution.
Tribunals & CourtsAdvocacy at ITAT, High Courts and other forums.

GST Health Check: a 360° tax risk assessment

Transaction ProfilingFlagging non-compliance risks across GST transactions.
Litigation-prone AreasIdentified early, with pre-emptive mitigation.
ITC ReviewITC claims, vendor compliance and mismatches.

Compliance & advisory

Tax-efficient StructuringBusiness models structured for tax efficiency.
Returns & FilingsGST and income tax returns, regulatory filings and refunds.
Project Finance AdvisoryViability assessment and financing structure for infrastructure and power projects.
Core Practice

Due Diligence

Financial, legal, tax and regulatory due diligence for businesses, investors and financial institutions evaluating a transaction or investment.

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Key areas of due diligence

Financial Due DiligenceStatements, revenue streams, liabilities, cash flows and working capital.
Legal & Compliance ReviewCorporate structure, key contracts, filings and agreement drafting.
Tax & Regulatory AnalysisTax compliance, disputes, transfer pricing and related-party transactions.
Operational & Business ReviewProcesses, market position, customer concentration and risk.

Insights & decision support

Red-flag Risk AssessmentHidden financial, operational and litigation risks.
ReportingRisk summaries, impact assessments and deal-structuring advice.
IPO Advisory & CompliancePre-IPO due diligence and financial readiness for listing.
Other Practice Areas

Virtual CFO & advisory

Finance function support and advisory services across governance, valuation, systems and risk.

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Virtual CFO Services

Part-time finance function support for businesses without a full-time CFO: MIS and management reporting, budgeting, cash-flow planning and oversight of statutory compliance.

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Trusts, NGOs & Societies

Registration of charitable trusts and societies, regulatory compliance, tax exemptions and audit.

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Bank Finance Consultancy

Project oversight, financial viability assessment and financing structure advisory.

Valuation of Securities & Assets

Valuations for mergers, restructuring and fundraising.

Corporate Matters

Legal structures, governance and compliance for smooth operations and growth.

Outsourcing Services

Payroll, accounting and tax compliance.

Management Consultancy

Working with management on strategy, efficiency and profitability.

ERP Consultancy

ERP implementation and reconciliation support.

Financial Restructuring

Debt management, refinancing and capital optimisation.

Risk Assessment & Management

Identify, assess and mitigate risks to protect assets and continuity.

How We Work

Engagement process

01

Understand

A discussion of the requirement and the scope of work.

02

Assess

Review of records and risks; scope and timelines agreed in writing.

03

Deliver

Execution by the engagement team, with regular updates and a single point of contact.

04

Review

Reporting and follow-up on changes in law that affect the engagement.

FAQ

Common questions

I've received a GST or income tax notice. What should I do?

Note the response deadline and do not reply in a hurry. Share the notice with a tax professional, who can explain the exposure and prepare the response.

Does the firm work with clients outside Jaipur?

Yes. The firm serves clients across India, with professional networking arrangements in Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Telangana.

What is a GST Health Check?

A 360° review: transaction profiling, non-compliance flags, ITC and vendor mismatch review, and identifying litigation-prone areas early.

Does the firm represent clients before ITAT or a High Court?

Yes. The firm's chartered accountants and advocates appear before CIT(A), ITAT, GST authorities, GSTAT, CESTAT and High Courts.

Does the firm help with IPO readiness?

Yes. The firm provides pre-IPO due diligence, statutory compliance and financial readiness for listing.

What do Virtual CFO services cover?

Part-time finance function support: MIS and management reporting, budgeting, cash-flow planning and oversight of statutory compliance.