https://www.taxtmi.com/news?id=20300 GST collection challenge risks Gujarat's fiscal stability as central GST compensation ends; state must reassess GST projections, tax buoyancy and revenue planning. Gujarat asked the Finance Commission to increase fiscal devolution, expand the net divisible pool, adopt a devolution formula reflecting urbanisation and social deprivation, replace revenue deficit grants with performance grants, provide less conditional basic grants and additional grants for backward areas to local bodies, restructure the National Disaster Relief Fund, and ensure State Finance Commission functioning conforms with Article 280. en-us Tue, 24 Jul 2018 14:57:04 +0530 Tue, 24 Jul 2018 14:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20300 GST collection challenge risks Gujarat's fiscal stability as central GST compensation ends; state must reassess GST projections, tax buoyancy and revenue planning. Gujarat asked the Finance Commission to increase fiscal devolution, expand the net divisible pool, adopt a devolution formula reflecting urbanisation and social deprivation, replace revenue deficit grants with performance grants, provide less conditional basic grants and additional grants for backward areas to local bodies, restructure the National Disaster Relief Fund, and ensure State Finance Commission functioning conforms with Article 280. News - Tue, 24 Jul 2018 14:57:04 +0530 https://www.taxtmi.com/news?id=20300