Amendment in Notification No. 12/2017-State Tax (Rate), dated the 29th June, 2017 - 28/2019- State Tax (Rate) - Bihar SGST

Leased plot use condition: tax liability attaches to original and subsequent parties if land-use changes, with monitoring.

The amendment replaces the Table entry at serial number 41 to require leased plots be used for their allotted industrial or financial purpose, with State Government monitoring. It provides that upon any violation or change of land use the original lessor, original lessee and any subsequent lessee, buyer or owner are jointly and severally liable to pay the state tax that would have been payable on the upfront long-term lease amount, plus interest and penalty, and mandates that lease or sale agreements record the tax exemption and parties' undertaking to comply. Effective 1 January 2020.