old car dealer eligibilty for composition dealer

[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.

AI Summary

Can Old Car Dealers Choose GST Composition Scheme at 1% or Pay 18% on Margin? A discussion on a forum addresses whether a dealer in old cars can opt for a composition scheme under GST, paying 1%, or should operate as a regular dealer, paying 18% on the margin. One participant suggests that opting for the composition scheme is possible if the turnover is within the threshold limit. Another participant agrees with this view. A third contributor clarifies that a regular dealer's tax rate for selling old cars is either 12% or 18%, depending on the car type, calculated on the differential value.