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?
CAclubindia
