https://www.taxtmi.com/forum/issue?id=114266 Dealers in used cars may opt for the composition scheme if their turnover falls within the prescribed threshold; otherwise they follow regular GST treatment under which tax is levied on the margin (sale price less the depreciated value of the car as per income-tax rules), with the applicable GST rate varying by type of vehicle. en-us Wed, 24 Oct 2018 18:39:28 +0530 Thu, 23 Jan 2025 15:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114266 Dealers in used cars may opt for the composition scheme if their turnover falls within the prescribed threshold; otherwise they follow regular GST treatment under which tax is levied on the margin (sale price less the depreciated value of the car as per income-tax rules), with the applicable GST rate varying by type of vehicle. Discussion-Forum GST Wed, 24 Oct 2018 18:39:28 +0530 https://www.taxtmi.com/forum/issue?id=114266