https://www.taxtmi.com/notifications?id=132119 The notification amends the exemption for long term leased plots under serial number 41 by substituting a threshold figure and replacing conditions: leased plots must be used for the allotted industrial or financial activity; the State Government shall monitor and enforce this; lease and subsequent transfer agreements must disclose the tax exemption and bind compliance; and the original lessor, original lessee and any subsequent lessee, buyer or owner shall be jointly and severally liable to pay the State tax, with interest and penalty, if the condition is violated or land use changes. Effective 1 January 2020. en-us Fri, 03 Jan 2020 00:00:00 +0530 Sat, 15 Feb 2020 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=132119 The notification amends the exemption for long term leased plots under serial number 41 by substituting a threshold figure and replacing conditions: leased plots must be used for the allotted industrial or financial activity; the State Government shall monitor and enforce this; lease and subsequent transfer agreements must disclose the tax exemption and bind compliance; and the original lessor, original lessee and any subsequent lessee, buyer or owner shall be jointly and severally liable to pay the State tax, with interest and penalty, if the condition is violated or land use changes. Effective 1 January 2020. Notifications GST - States Fri, 03 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=132119