Nehru Place, Delhi
Accounting for Nehru Place's IT traders and offices
Nehru Place puts two very different businesses in one district centre: shops that sell and repair computer hardware, and offices above them that earn fees. Their books have little in common, so start by working out which one you are.
The same shop can run five kinds of sale
An IT dealer often sells new goods, used goods, repairs and licences under one name. Each leaves different records, and mixing them is where the books usually go wrong. The points below are our general analysis.
| What you sell | What to keep | What to raise |
|---|---|---|
| New hardware | Purchase bills, and stock by serial number for costlier items | How distributor schemes and price-drop credit notes reach your books |
| Warranty returns | A note of what went to the service centre, and what came back | How a replacement unit is recorded, so stock does not appear to grow or vanish |
| Used and refurbished goods | Who you bought from, what you paid, and what you changed | Whether margin-based GST applies (below) |
| Repairs | Job cards that split labour from parts | How a bill with both labour and parts should be treated |
| Software licences | Publisher or distributor invoices, and licence details by customer | Whether you resell or only earn a commission, as the two are recorded differently |
Used hardware has its own GST rule
Rule 32(5) of the CGST Rules covers a person dealing in buying and selling second-hand goods, used as such or after minor processing that does not change their nature. Where no input tax credit was taken on the purchase, the value of supply is the difference between the selling and purchase prices. A negative difference is ignored.
So your purchase record matters as much as your sale. Without it, you cannot show the margin. Ask whether your refurbishing counts as minor processing, and whether the rule suits you at all.
Goods that move between shops
Dealers in a dense market often borrow stock from a neighbour to complete an order. Each such movement should appear somewhere, or stock will not match by year end.
Rule 138 asks a registered person to furnish e-way bill details before moving a consignment worth more than ₹50,000, including for reasons other than supply. Ask how this applies to your deliveries and transfers, and what exceptions may apply.
If you are an office upstairs
Nehru Place is one of the district centres the Delhi Development Authority developed in the 1970s, and firms still keep offices here. For a consultancy or IT services firm, stock rules are irrelevant. The work is invoices, client TDS, rent and staff.
See accounting for consultants and the commercial and professional areas page.
Cash and walk-in sales
A 2012 Business Standard report described the market as doing much of its business in cash. That is dated, and UPI has likely changed it, so check your own mix. Either way, daily collections should agree with your sales, whichever way they were paid. See accounting for traders.
Questions to ask Deepak Mittal before work starts
- Have you handled IT resellers who also repair and sell used goods?
- How will you keep serial-numbered stock from drifting away from the books?
- How do you treat distributor credit notes that arrive months later?
- Can you work from our billing software, and which ones do you know?
What we can say about this area
AccountOrbit takes enquiries by phone from anywhere in Delhi, including Nehru Place, but has no office there. Most IT dealers here already bill from software, so serial-numbered stock, job cards and distributor credit notes can usually be shared without anyone coming to the shop. See whether your accountant needs to be nearby.
Sources checked, November 2026
- CGST Rules as amended to 1 June 2021 (opens in a new tab), rules 32(5) and 138 (read at source; check for later changes)
- Wikipedia on Nehru Place (opens in a new tab), Business Standard, January 2012 (opens in a new tab) (secondary)
Trading or working from Nehru Place?
Tell us what you sell or do, your rough monthly bill count, and your billing software.
