VSET is a not-for-profit organisation registered under section 12A of the Indian Income-tax Act, 1961.

Contributions to VSET are eligible for exemption under section 80G of the Indian Income-tax Act, 1961.

The accounts of VSET are maintained as per the Indian Accounting standards and audited as per the statutory requirements. M/s T P Paul and Associates, Chartered Accountants, Kalpetta, is the statutory auditor of the Trust.