https://www.taxtmi.com/notifications?id=131901 Amendment substitutes the conditions for tax exemption on long term leases of plots: exemption is conditional on continued industrial or financial use; the Central Government will monitor compliance; violations or change of land use render the original lessor, original lessee and any subsequent lessee/buyer/owner jointly and severally liable to pay the state tax that would have been due on the upfront lease amount with interest and penalty; and lease or sale agreements must record the exemption and parties' undertaking to comply. en-us Thu, 02 Jan 2020 00:00:00 +0530 Mon, 13 Jan 2020 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=131901 Amendment substitutes the conditions for tax exemption on long term leases of plots: exemption is conditional on continued industrial or financial use; the Central Government will monitor compliance; violations or change of land use render the original lessor, original lessee and any subsequent lessee/buyer/owner jointly and severally liable to pay the state tax that would have been due on the upfront lease amount with interest and penalty; and lease or sale agreements must record the exemption and parties' undertaking to comply. Notifications GST - States Thu, 02 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=131901