Assam cabinet approves Land and Space Lease Management Policy for IT parks, Electronics Manufacturing Clusters

Guwahati (Assam) [India], August 10 (ANI): To promote Assam as a preferred destination for IT parks and Electronics Manufacturing Clusters (EMCs) the Assam cabinet has approved the Land and Space Lease Management Policy, 2024.

Chief Minister Himanta Biswa Sarma said that to boost Assam’s prospects as a preferred destination for setting up manufacturing base Electronics and Information Technology, the state cabinet has accorded approval to Land and Space Lease Management Policy, 2024 .

“This policy would enable the investors/ potential investors to access a defined framework for occupancy of land/ built-up space at IT Parks/ EMCs in Assam and shall apply to all lands and built-up spaces, placed the disposal of Assam Electronics Development Corporation Limited (AMTRON) by Government of Assam,” CM Sarma said.

The Assam Chief Minister also said that the policy will support Tech City projects in generating 8000 direct and more than 1 lakh indirect employment potential.
On the other hand, the state cabinet has accepted the report of the Cabinet Sub-Committees to provide succour to small traders from challenges faced due to the notices issued by the Office of the Commissioner of Taxes on GST-related matters.

Earlier the Assam government set up Cabinet Sub-Committees to deliberate upon the matter and the Cabinet Sub-Committees visited different state locations and met traders and others.

The key directions of the Cabinet on this matter are based on the findings about doubtful algorithms and other parameters, 10484 cases of 2017-18 and 15529 cases of 2018-19 can be taken for Suo moto rectification u/s 161 of Assam GST Act, 2017 on the case-to-case basis within 3 months under the ambit of the GST law; for cases about 2019-20, 2020-21 and 2021-22, the notices generated based on Big Data Analytics Software (BDAS) shall be dealt with as per guidelines of the new SOP, the threshold for notices to be issued with the assistance of BDAS will be Rs 5 lakh; the issues are expected to be resolved within 3-month period judiciously to ensure no harassment to taxpayers/ traders and compliance with the GST framework.