Sharan,
So, you want to include Aysnc Set in this architecture.
If you're student , then it is fine to go with this. But this is not a optimum schematic. NAND gate has more logical effort than Inverter. So, it is preferable to use Inverter .
So, when Set=0, The result should be Q=1 and Qbar=0.
Now, tell how you making this with this circuit. Please write it down and attach here. It will be better for understanding for other folks also.
Based on your description given, I am confused that whether the input is given to one NAND gate?. Can you please clearly mention the changes you want to do.