https://www.taxtmi.com/notifications?id=131891 The notification conditions State tax exemption on long term leases of plots upon continued use for the allotted industrial or financial purpose, requires State monitoring and enforcement, and mandates lease and sale agreements to disclose the exemption and obligate compliance. It imposes joint and several liability on the original lessor, original lessee and any subsequent lessee, buyer or owner for payment of State tax that would have been payable on the upfront lease amount, plus applicable interest and penalty, in the event of any violation or change of land use. en-us Tue, 07 Jan 2020 00:00:00 +0530 Mon, 13 Jan 2020 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=131891 The notification conditions State tax exemption on long term leases of plots upon continued use for the allotted industrial or financial purpose, requires State monitoring and enforcement, and mandates lease and sale agreements to disclose the exemption and obligate compliance. It imposes joint and several liability on the original lessor, original lessee and any subsequent lessee, buyer or owner for payment of State tax that would have been payable on the upfront lease amount, plus applicable interest and penalty, in the event of any violation or change of land use. Notifications GST - States Tue, 07 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=131891