https://www.taxtmi.com/notifications?id=131813 Amends the UTGST rate notification by substituting "50" with "20" in the table and replacing the exemption conditions for long term leased plots: plots must be used for the allotted industrial or financial purpose; the State Government shall monitor compliance; the original lessor, original lessee and any subsequent lessee, buyer or owner are jointly and severally liable to pay the Union Territory tax that would have been payable on the upfront lease amount on violation or change of land use, with applicable interest and penalty; agreements must disclose the exemption and parties must undertake compliance. Effective 1 January 2020. en-us Tue, 31 Dec 2019 00:00:00 +0530 Sat, 04 Jan 2020 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=131813 Amends the UTGST rate notification by substituting "50" with "20" in the table and replacing the exemption conditions for long term leased plots: plots must be used for the allotted industrial or financial purpose; the State Government shall monitor compliance; the original lessor, original lessee and any subsequent lessee, buyer or owner are jointly and severally liable to pay the Union Territory tax that would have been payable on the upfront lease amount on violation or change of land use, with applicable interest and penalty; agreements must disclose the exemption and parties must undertake compliance. Effective 1 January 2020. Notifications GST Tue, 31 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=131813