https://www.taxtmi.com/news?id=13173 States' share in Central taxes is set by Finance Commission recommendations and implemented via devolution. The thirteenth Finance Commission fixed the States' share at 32% of net shareable Central taxes for the period 1 April 2010 to 31 March 2015, with devolution made accordingly. A subsequent Finance Commission has been constituted, is consulting States and the Union, and is scheduled to submit its report to determine the share and devolution framework for the next award period. en-us Fri, 25 Jul 2014 18:21:47 +0530 Fri, 25 Jul 2014 18:21:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13173 States' share in Central taxes is set by Finance Commission recommendations and implemented via devolution. The thirteenth Finance Commission fixed the States' share at 32% of net shareable Central taxes for the period 1 April 2010 to 31 March 2015, with devolution made accordingly. A subsequent Finance Commission has been constituted, is consulting States and the Union, and is scheduled to submit its report to determine the share and devolution framework for the next award period. News - Fri, 25 Jul 2014 18:21:47 +0530 https://www.taxtmi.com/news?id=13173