https://www.taxtmi.com/notifications?id=133754 The amendment substitutes the figure "50" with "20" in column (3) for serial number 41 and replaces column (5) with conditions: leased plots must be used for their allotted industrial or financial purpose; the State Government will monitor compliance; any violation or change of land use makes the original lessor, original lessee and any subsequent lessee, buyer or owner jointly and severally liable to pay the State tax that would have been payable on the upfront long term lease amount with interest and penalty; and lease, sub lease and sale agreements must disclose the tax exemption and require parties to undertake compliance. The notification is effective from 1 January 2020. en-us Tue, 31 Dec 2019 00:00:00 +0530 Fri, 07 Aug 2020 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=133754 The amendment substitutes the figure "50" with "20" in column (3) for serial number 41 and replaces column (5) with conditions: leased plots must be used for their allotted industrial or financial purpose; the State Government will monitor compliance; any violation or change of land use makes the original lessor, original lessee and any subsequent lessee, buyer or owner jointly and severally liable to pay the State tax that would have been payable on the upfront long term lease amount with interest and penalty; and lease, sub lease and sale agreements must disclose the tax exemption and require parties to undertake compliance. The notification is effective from 1 January 2020. Notifications GST - States Tue, 31 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=133754