old car dealer eligibilty for composition dealer, Goods and Services Tax - GST

[satbir singhwahi]

Person dealing in old cars , can he opt for composition dealer and pay 1%, or normal dealer and with 18% on margin.Pls guide.

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

In my view it can be do so if the turnover is within the threshold limit.

[KASTURI SETHI]

I support the views of Dr.Govindarajan, Sir.

[Ganeshan Kalyani]

Sale of old car for regular dealer will be offered for tax @12% or 18% depend upon the type of car on the differential value of sale price less depreciated value of that car as per income tax.