https://www.taxtmi.com/news?id=21454 The Commission noted Karnataka's devolution of nearly all 12th schedule functions to ULBs, the State's adherence to the 4th State Finance Commission's allocation of a specified share of non loan net own revenue to local bodies with a separate earmark for the metropolitan corporation, and the 4th SFC's recommendation to exclude Central Finance Commission grants from state devolution. It recorded municipal reforms-GIS based property tax valuation with self assessment and a municipal data society-and concerns over unpaid performance grants, delayed SFC constitution, inclusion of central grants in devolution by the State, and GST's impact on municipal revenues. en-us Mon, 24 Jun 2019 16:29:01 +0530 Mon, 24 Jun 2019 16:29:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21454 The Commission noted Karnataka's devolution of nearly all 12th schedule functions to ULBs, the State's adherence to the 4th State Finance Commission's allocation of a specified share of non loan net own revenue to local bodies with a separate earmark for the metropolitan corporation, and the 4th SFC's recommendation to exclude Central Finance Commission grants from state devolution. It recorded municipal reforms-GIS based property tax valuation with self assessment and a municipal data society-and concerns over unpaid performance grants, delayed SFC constitution, inclusion of central grants in devolution by the State, and GST's impact on municipal revenues. News - Mon, 24 Jun 2019 16:29:01 +0530 https://www.taxtmi.com/news?id=21454