Land TDS

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This query is : Resolved

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XYZ Pvt Ltd is purchasing land valued at Rs. 50,50,000 from an individual, Amal Das, through instalment payments. The query concerns whether TDS needs to be deducted on these instalments under Section 194-IA of the Income Tax Act and if GST Reverse Charge Mechanism (RCM) applies. The provided answer confirms TDS deduction is applicable but GST RCM is not.

sona1

sona1 (Querist)
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17 November 2021 XYZ PVT LTD (GST Registered Company) will Purchase a LAND from Amal Das(individual) which Value Come Rs. 50,50,000.00 and Payment will made Installment basic which shown below:
5,00,000.00 (First Installment ), 10,00,000.00(Second Installment) ,25,000,00.00(Third Installment) ,10,50,000.00(Final Installment)

Now our Question is 1) XYZ PVT LTD will deducted TDS against this Installment payment to Amal Das? If Yes then which Section applicable against this and send us Total Procidure.

2) GST RCM will applicable against this transaction?