About
Mr. Kannaujiya is a distinguished Cost Accountant and Registered Valuer by profession, and the Founder of Kannaujiya & Co. (Cost Accountants), Plus 1 Consulting Private Limited, and P N R & Co, LLP (Cost Accountants).
His firms are recognized for their professional excellence and are staffed with a multidisciplinary team of Cost Accountants, Chartered Accountants, Company Secretaries, MBAs, and Advocates. The firms specialize in a variety of areas, including GST litigation, appeals, and refunds, costing and cost audits, management consulting, and business valuations.
KEY ACHIEVEMENTS:
• Practicing Cost Accountant since 2013.
• Fellow member of The Institute of Cost Accountants of India.
• Registered Valuer under IBBI for ‘Securities & Financial Assets’.
• LLB graduate from V T Choksi Law College, 2024 (First Class).
• ‘Certified CSR Professional’ by the Institute of Company Secretaries of India.
• All India Rank holder in the final examination of The Institute of Cost Accountants of India (June 2012).
• Affiliated Member of the Chartered Institute of Public Finance and Accountancy-UK.
• Master of Commerce (Taxation) from VNSGU, 2014.
Mr. Kannaujiya's firm is the only local entity in Surat empanelled with the Income Tax Department of Gujarat for inventory valuation under section 142(2A). Notably, he is the sole Cost Accountant registered as a Valuer in the Cost Accountant category with the Income Tax Department of Gujarat.
PROFESSIONAL EXPERIENCE
Mr. Kannaujiya has a diverse skill set, having played a significant role in India's first Common Engineering Facility Center by SETU Foundation, led by Mr. Hetal Mehta. In collaboration with the Ministry of Heavy Industry and the Government of Gujarat, he was instrumental in securing government grants and actively participated in meetings with the Ministry of Heavy Industries.
In addition to his professional practice, he has been deeply involved in advising clients on critical business decision-making, including make-or-buy decisions, cost reduction strategies, GST litigation, appeals, refunds, and business valuations. His firm was notably active during the implementation of GST, especially in the textile industry, where they provided advisory services and ensured compliance.
Currently, Mr. Kannaujiya focuses on GST Litigation, Appeals, and Refunds, along with Business Valuation, while continuing to oversee the firm's Cost Audit practice.
AREAS OF SPECIALIZATION
• Indirect Tax (GST): Litigation, Appeal & Refund
• Cost Consulting & Cost Audits
• Cost Reduction/Savings, Make or Buy Decision
• Valuation of Start-ups, Intangibles & Businesses
• Inventory Valuation under Income Tax
• Government Grants
PROFESSIONAL ASSOCIATIONS & CONTRIBUTIONS
Mr. Kannaujiya is actively involved with several professional associations and contributes to the development of the profession.
Associations:
• Life Member of The Southern Gujarat Chamber of Commerce and Industry (SGCCI).
• Active member of Science Engineering Technological Upliftment (SETU) Foundation and Surat Engineering Vikas Association (SEVA).
• Served on the Managing Committee of the Surat South Gujarat Chapter of Cost Accountants (2018-19 & 2022-23).
• Treasurer of Surat South Gujarat Chapter of Cost Accountants (2019-20).
• Secretary of Surat South Gujarat Chapter of Cost Accountants (2020-21).
He has delivered numerous sessions on GST and Cost Audit for students and professionals and is a regular contributor to various portals such as Taxguru, CAclubindia, and the Institute journal. His views have also been featured in the Times of India, Mumbai edition.
Mr. Kannaujiya continues to drive excellence in his field, with a commitment to professional growth and contribution to the broader community.
Job Skills
BUSINESS CONSULTING
• Cost Analysis & Audit
• Costing System
• Virtual CFO
• Management Consulting
• Financial Modeling
• Startup Advisory & Govt Approvals
TAX CONSULTING & LITIGATION SUPPORT
• Indirect Tax Advisory / GST
• Retainership & Compliance
• Litigation Support & Representations
• Consulting on specific matters
VALUATION ADVISORY
• Fund Raising Valuation
• ESOP Valuation
• Startup / Brand Valuation
• Valuation under the Statutory Act (The Companies Act, Income Tax Act, FEMA, RBI, IBC 2016 etc.)
