This notification amends Notification No. 9/2017–Integrated Tax (Rate) by reducing the threshold period for exemption on upfront amount payable for long-term lease of industrial or financial business plots from 50 years to 20 years and strengthening compliance conditions. The amendment clarifies liability in case of violation of land-use conditions.

Issued for earlier notification?
Yes — it amends Notification No. 9/2017–Integrated Tax (Rate).