https://www.taxtmi.com/notifications?id=132347 Amendment modifies the table entry to replace the prior proviso with conditions: leased plots must be used for the allotted industrial or financial purpose; Government will monitor compliance; on violation or subsequent 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 consideration, with applicable interest and penalty; and lease or sale agreements must record that the state tax was exempted on the original long term lease and include an undertaking to comply with these conditions. en-us Mon, 17 Feb 2020 00:00:00 +0530 Fri, 27 Mar 2020 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=132347 Amendment modifies the table entry to replace the prior proviso with conditions: leased plots must be used for the allotted industrial or financial purpose; Government will monitor compliance; on violation or subsequent 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 consideration, with applicable interest and penalty; and lease or sale agreements must record that the state tax was exempted on the original long term lease and include an undertaking to comply with these conditions. Notifications GST - States Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=132347