https://www.taxtmi.com/notifications?id=133544 Amendment revises tax treatment of long term leases by conditioning exemption on use for allotted industrial or financial purposes, requiring State Government monitoring, mandating disclosure in lease and transfer agreements, and imposing joint and several liability on original lessor, original lessee and any subsequent lessee, buyer or owner to pay state tax, interest and penalty where land use is violated or subsequently changed. en-us Thu, 16 Jul 2020 00:00:00 +0530 Fri, 17 Jul 2020 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=133544 Amendment revises tax treatment of long term leases by conditioning exemption on use for allotted industrial or financial purposes, requiring State Government monitoring, mandating disclosure in lease and transfer agreements, and imposing joint and several liability on original lessor, original lessee and any subsequent lessee, buyer or owner to pay state tax, interest and penalty where land use is violated or subsequently changed. Notifications GST - States Thu, 16 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=133544