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    <description>Amendment to Notification No.12/2017 substitutes &quot;50&quot; with &quot;20&quot; in column (3) against serial number 41 and replaces column (5) with provisos making the long-term lease exemption conditional on use for allotted industrial or financial purposes, requiring State department monitoring, imposing joint and several liability on original and subsequent lessors/lessees/buyers for unpaid State Tax with interest and penalty upon violation or change of land use, and mandating express contractual disclosure of the exemption; effective 1 January 2020.</description>
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      <description>Amendment to Notification No.12/2017 substitutes &quot;50&quot; with &quot;20&quot; in column (3) against serial number 41 and replaces column (5) with provisos making the long-term lease exemption conditional on use for allotted industrial or financial purposes, requiring State department monitoring, imposing joint and several liability on original and subsequent lessors/lessees/buyers for unpaid State Tax with interest and penalty upon violation or change of land use, and mandating express contractual disclosure of the exemption; effective 1 January 2020.</description>
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