Karol Bagh, Delhi
Karol Bagh is a mixed neighbourhood of shopping streets, wholesale markets and workshops. Its trades share little beyond an address, so this page goes through them one street at a time.
Descriptions come from Wikipedia and a city guide, and each street holds other businesses too. Only the trades are from those sources. The accounting points are our general analysis.
Wikipedia mentions a Bengali community mostly employed in jewellery manufacturing, and shopping streets such as Ajmal Khan Road.
What matters: gold given to a karigar is still yours until it comes back, so the register must be in weight and purity, not rupees alone. A showroom that also runs a workshop should keep the two records apart, or it cannot tell shop margin from making margin.
Wikipedia describes a wholesale garment market that began with a few shopkeepers in the late 1980s.
What matters: returns from retailers, season-end stock and any stitching done outside. The Gandhi Nagar page follows a lot of cloth through the books, and most of it applies here.
Wikipedia names a leather market here among the area's wholesale trades.
What matters: hides and finished goods sell by different units, so stock needs both. Ask how offcuts and rejects are recorded, and check the GST rate by product, not by category name.
A city guide describes electronics, second-hand phones and laptops, and many repair shops.
What matters: job cards that split labour from parts, and purchase records for used handsets. The next section covers these in detail.
A used handset bought from a customer usually comes without any GST to claim. Rule 32(5) of the CGST Rules covers a person dealing in 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 selling and purchase prices, and a negative difference is ignored.
That is why the purchase record with the IMEI matters: without it, you cannot show the margin. Ask whether replacing a screen or battery still counts as minor processing.
Handing gold to a karigar to make jewellery can be job work. If you are registered and send inputs to a job worker without paying tax, section 143 of the CGST Act keeps responsibility for proper accounts with you. Inputs must come back, or be supplied from there, within one year. If not, they are treated as supplied by you on the day they were sent.
Ask how this applies to your arrangement, and agree an allowed loss with each karigar in writing, so a shortfall can be explained later.
Workshops and repair counters here often keep karigar registers and job cards on paper. Agree at the start how copies will be made and sent each month, so the books do not wait for someone to collect them.
AccountOrbit takes enquiries by phone from anywhere in Delhi, including Karol Bagh, but has no office there. See how to hire an accountant in Delhi.
Tell us your trade, whether you have a workshop as well as a shop, and how your records are kept.
