<h1>15th Finance Commission Discusses GST Impact, Free Water Supply, and Revenue Challenges with Telangana Urban Local Bodies.</h1> The 15th Finance Commission met with representatives from Telangana's Urban Local Bodies (ULBs) to discuss the implications of GST, including the subsumption of entertainment tax and compensation issues. The meeting also addressed the supply of free water, the functioning of Special Purpose Vehicles (SPVs), and the delayed report from the State Finance Commission (SFC-I). Telangana's ULBs operate under various municipal acts, with 17 of 18 constitutional functions devolved to them. Revenue sources include own tax and non-tax revenue, with significant contributions from immovable property tax. Challenges highlighted include unauthorized constructions and untraceable water bodies in Greater Hyderabad.