https://www.taxtmi.com/notifications?id=131831 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. en-us Tue, 31 Dec 2019 00:00:00 +0530 Thu, 02 Jan 2020 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=131831 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. Notifications GST - States Tue, 31 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=131831