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What We Do

P G BHAGWAT LLP has specialised teams led by experienced partners across different verticals to cater to the unique requirements of clients from diverse sectors and sizes. Our team of highly skilled professionals is committed to delivering personalised service and tailored solutions to ensure your success. Let us help you navigate the complexities of the financial world and maximise your potential for growth and prosperity.

Audit and Assurance

Reliable financial statements are crucial for decision-making in today’s global business environment. As your organisation strives to build trust and transparency and comply with multiple regulations, our Firm stands ready to help. We are here to solve complex financial and accounting issues and offer sound advice. By inculcating technology in our services, we make the whole audit process smooth and efficient.

Some of the services that we provide under Audit and Assurance include: 

  1. Statutory audit under the Companies Act, 2013
  2. Review of internal financials controls (IFC)
  3. Review of Ind AS implementation
  4. Goods & Service Tax (GST) Audit
  5. Tax audit
  6. Risk based internal audit
  7. Bank audit
  8. ABC Audit
  9. XBRL services
  10. Fixed Assets and Inventory (Stock) audit
  11. Sarbanes Oxley Act documentation and audit support

Information System Audit

Technology plays an indispensable role in the current business environment. But as technology evolves, so do the risks associated with it. That’s why conducting regular information system audits for businesses becomes important.

At P G BHAGWAT LLP, we understand the significance of data and prioritise information security for our clients. With the ever-changing landscape of technology, we offer a wide array of information system audit services to assist our clients in concentrating on their key business activities.

Some of the services under this category include: 

  1. Implementing Internal Financials Controls over Financial Reporting(ICOFR)as per ICAI Guidance Note.
  2. SAP, Oracle & JDE process reviews
  3. Review and Framing of ‘IS’ Policies, Procedures, and Practices
  4. Review of Physical & Logical Access Controls
  5. Review of Maintenance
  6. Business Process Re-Engineering reviews
  7. Post Implementation reviews of Business Processes and Practices and Suggestions

Corporate Taxation (Income Tax & GST)

Tax regulations in India are constantly evolving, making compliance a challenge for businesses. Our team can provide the necessary support to stay proactive and add value to your operations.

Some of the services that we provide under direct and indirect taxes are as follows:

Direct Tax

  1. Income Tax Return filing (All Assesses)
  2. Foreign Remittance Certificates (15CB)
  3. Transfer Pricing Consultancy
  4. Preparation of FAR Report/Analysis
  5. Income Tax Planning & Advance Tax Calculations
  6. TDS, TCS returns filing
  7. TRACES submissions
  8. Compilation & Coordination for submissions of various Assessments

Indirect Tax

  1. Enrolment of the Existing / New Taxpayer on the GST System Portal Filing of Various Returns under GST
  2. Audit & Independent Reviews
  3. Representation to Government
  4. Support for Input Tax Credit (ITC) Reconciliation
  5. Valuation of Supplies (Our team supports the client to identify the Place of Supply, Time of Supply & Tax Liability under GST.
  6. Refund Services
  7. Vendor GST registration validation

CFO & Business Transformation Advisory

Our CFO and Business Transformation services drive sustainable business. Our experts optimize financial performance, streamline processes, and enhance decision-making. From planning to compliance, we tailor transformations for your needs. Partner with us for efficiency, profitability, and new opportunities.

Financial Planning, Reporting & Analysis

  1. Budgeting and forecasting
  2. Cash flow management and projections
  3. Capital structure advice
  4. Monthly, quarterly, and annual financial reports
  5. Key performance indicators (KPI) monitoring and dashboard development
  6. Financial modelling
  7. Market analysis and growth strategy
  8. Diversification and expansion strategies
  9. Product or service profitability analysis
  10. Inventory Control & Management Services

Operational Efficiency & Cost Management

  1. Cost analysis and reduction strategies
  2. Business process reengineering
  3. Automation of finance processes

Capital Raising & Investor Relations

  1. Debt and equity financing strategies
  2. Communication strategies with stakeholders
  3. Investor presentations and reporting

Business Transformation Initiatives

  1. Change management
  2. Digital transformation strategies
  3. Business model re-evaluation and pivoting

Talent Management & Organizational Structure

  1. Financial team structure and roles definition
  2. Training and development for the finance function

Mergers & Acquisitions (M&A) Advisory

  1. Due diligence
  2. Valuations
  3. Integration planning

Accounts Streamlining & Support

  1. Periodic Transactional Accounting
  2. Bank Reconciliation Statements
  3. Monthly Closing &Monthly Management reports (MIS)
  4. Statutory periodic returns (GST, Income Tax, TDS)
  5. Company Secretary related services
  6. Preparation of Financial Statements
  7. Audit/Accounting Assistance

Costing Support

  1. Validation of Standard cost updating process in the system
  2. Review of processes, pricing of products & service, margin analysis
  3. Variance Analysis &Yield Analysis
  4. Assist in Cost Record Maintenance