https://www.taxtmi.com/acts?id=9297 A State-level Finance Commission must be constituted by the Governor to review the financial position of Panchayats and recommend principles for distribution of State tax proceeds between State and Panchayats, allocation among Panchayat levels, assignment of taxes and grants in aid. The Legislature may regulate the Commission's composition and powers, the Commission sets its own procedure, and the Governor must lay the Commission's recommendations and explanatory memorandum before the Legislature. en-us Mon, 20 Oct 2008 14:54:02 +0530 Sat, 26 Apr 2025 09:39:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9297 A State-level Finance Commission must be constituted by the Governor to review the financial position of Panchayats and recommend principles for distribution of State tax proceeds between State and Panchayats, allocation among Panchayat levels, assignment of taxes and grants in aid. The Legislature may regulate the Commission's composition and powers, the Commission sets its own procedure, and the Governor must lay the Commission's recommendations and explanatory memorandum before the Legislature. Act-Rules Indian Laws Mon, 20 Oct 2008 14:54:02 +0530 https://www.taxtmi.com/acts?id=9297