GST provision of used car dealer

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Tax Practioner
166 Points Posted on 22 January 2021

Hello friends,

please solve my query 

1. A person is doing business of purchase and sell of old vehicles. He purchase them from users and resale them. Can he opt composition scheme in GST? Yes or no? If yes then on which amount he need to pay GST? on sale amount or difference of sale and purchase?

2. s there any provision that a person who purchase goods from unregistered dealer only, can not opt for composition?

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On 22 January 2021 at 18:55 Report
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Chartered Accountant
500 Points Posted on 25 January 2021
Check his eligibility as epr section 10(1) and 10(2)
and there is no such condition that composition person canot make purchases from urp in contrast for it is schemes for small taxpayers which generally sale to urps and sometimes purchase from urps also.
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On 25 January 2021 at 00:41

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