https://www.taxtmi.com/news?id=4475 Constitution of the Fourteenth Finance Commission tasked to report on principles of tax sharing between the Union and States, allocation of shares to States, and principles and amounts of grants in aid from the Consolidated Fund of India, including assistance under Article 275, and measures to augment State funds for Panchayats and Municipalities. The Commission must review Union and State finances, fiscal consolidation measures, taxation effort, subsidy sharing, maintenance norms, public expenditure management, disaster financing, and the fiscal impact and compensation mechanism for the proposed Goods and Services Tax, using 1971 population as the base for devolution. en-us Wed, 02 Jan 2013 18:27:38 +0530 Wed, 02 Jan 2013 18:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4475 Constitution of the Fourteenth Finance Commission tasked to report on principles of tax sharing between the Union and States, allocation of shares to States, and principles and amounts of grants in aid from the Consolidated Fund of India, including assistance under Article 275, and measures to augment State funds for Panchayats and Municipalities. The Commission must review Union and State finances, fiscal consolidation measures, taxation effort, subsidy sharing, maintenance norms, public expenditure management, disaster financing, and the fiscal impact and compensation mechanism for the proposed Goods and Services Tax, using 1971 population as the base for devolution. News - Wed, 02 Jan 2013 18:27:38 +0530 https://www.taxtmi.com/news?id=4475