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of <h1>Fifteenth Finance Commission Discusses Tax Devolution, GDP Growth, and GST Tech in Sixth Advisory Council Meeting.</h1> The Advisory Council of the Fifteenth Finance Commission convened its sixth meeting, chaired by the Commission's Chairman, with participation from members, special invitees, and scholars. Discussions focused on the Commission's report for 2020-21, the formula for horizontal devolution of central taxes, and macro-economic parameters for 2021-26. The meeting emphasized methodological innovations in tax devolution, options for nominal GDP growth, and resource mobilization. It also highlighted the importance of enhancing the GST administration and technology platform to maintain fiscal balance between the Centre and States. The meeting included eminent bureaucrats and scholars, contributing diverse perspectives on these issues.
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