The Assam Cabinet has recently approved the Land and Space Lease Management Policy, 2024, aiming to enhance the state’s appeal as a prime location for IT parks and Electronics Manufacturing Clusters (EMCs). This policy is expected to streamline the process for investors seeking land and built-up spaces in these sectors and support significant job creation in the state. Additionally, the cabinet has addressed issues faced by small traders regarding GST notices.
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- The Assam Cabinet has approved the Land and Space Lease Management Policy, 2024.
- The policy aims to make Assam a preferred destination for IT parks and Electronics Manufacturing Clusters (EMCs).
- Chief Minister Himanta Biswa Sarma highlighted the policy’s role in boosting the state’s IT and manufacturing sectors.
- The policy provides a defined framework for accessing land and built-up space at IT Parks and EMCs managed by Assam Electronics Development Corporation Limited (AMTRON).
- It is expected to generate 8,000 direct jobs and over 100,000 indirect employment opportunities.
- The cabinet has also reviewed issues related to GST notices affecting small traders.
- A report from Cabinet Sub-Committees on GST issues has been accepted.
- The key directions include rectification of cases from 2017-18 and 2018-19 under Section 161 of the Assam GST Act, 2017.
- For cases from 2019-20 onwards, notices based on Big Data Analytics Software (BDAS) will follow new guidelines, with a notice threshold set at Rs 5 lakh.
- The resolution of these issues is expected within three months to prevent taxpayer and trader harassment while ensuring compliance with the GST framework.
