Sale of car.

Yes as per notification no 8/2018 CT(R) dated 25-01-2018 Margin scheme is available when car is sold to the Managing Director .Further If the Managing Director is an employee, then the company has to pay GST on the value determined as per rule 27.Hence it is advised to collect the value of WDV of the car(as per Income Tax Act, 1961) from the Managing Director as consideration to avoid paying any GST.