Frequently Asked Questions

A CMA (Cost and Management Accountant) is a qualified professional certified by the Institute of Cost Accountants of India (ICAI). CMAs specialise in cost analysis, management accounting, audit, and financial strategy — providing advisory services that help organisations improve profitability, manage risk, and meet statutory obligations under Indian law.

RKLCMA (Randhir Kumar Lal & Associates) is a Cost and Management Accountancy firm established in 2020 under the Cost and Works Accountants Act, 1959. We are headquartered in New Delhi and serve clients across India. The firm is led by Randhir Kumar Lal, a CMA (1996 batch) also certified as CIA, CISA, and CFE.

We serve organisations across manufacturing, services, technology, financial services, healthcare, and the nonprofit sector. Our multidisciplinary team is equipped to handle complex, cross-industry assignments with equal competence.

Our cost optimisation service includes cost audit, cost accounting system design, variance analysis, process re-engineering, Income Tax and GST advisory, transfer pricing reviews, and make-or-buy analysis. The objective is to reduce unnecessary expenditure and redirect savings toward strategic growth initiatives.

Yes. We assist with GST registration, monthly and quarterly returns (GSTR-1, GSTR-3B, GSTR-9), ITC reconciliation, and response to notices from the GST department. We also provide ongoing GST advisory to ensure your business practices remain compliant as regulations evolve.

Yes. We handle the entire incorporation process for Private Limited Companies, LLPs, Section 8 (NPO) companies, and One Person Companies (OPCs). We also assist with Startup India recognition, trademark registration, and post-incorporation compliance setup.

Our KPO services cover accounting and bookkeeping, payroll processing, data migration, vendor and customer due diligence, ERP selection and workflow design, MIS reporting, and legal compliance management. We act as an embedded finance and compliance partner for organisations that prefer to outsource these functions to specialists.

You reach out to us with your requirements. We then contact you to understand the full context and scope. Following the discovery conversation, we prepare a detailed scope of work, deliverables, timeline, and cost estimate. Once agreed, our team undertakes the assignment with regular updates and a clear point of contact throughout.

Our fees vary depending on the complexity, scope, and duration of the engagement. We offer fixed-fee project engagements, monthly retainer arrangements, and time-and-material arrangements. We always provide a detailed cost estimate upfront, with no hidden charges. Our mission includes delivering high-value services at economical cost.

Yes. We work with clients across India and internationally. Many of our services — including compliance management, KPO, and advisory — are delivered remotely with equal effectiveness. For engagements requiring physical presence, we coordinate travel and on-site visits as needed.

Cost audit is mandatory under Section 148 of the Companies Act, 2013 for companies in specified industries (regulated sectors and those meeting turnover thresholds set by the MCA). Mandatory or not, we recommend cost audit as a strategic management tool — not just a compliance exercise — to drive cost intelligence and margin improvement.

Yes. We provide representation services before the Income Tax department, GST authorities, and other regulatory bodies. This includes responding to notices, attending hearings, filing appeals, and seeking clarifications on behalf of clients.