https://www.taxtmi.com/news?id=21791 The Commission reviewed devolution of 12th Schedule functions and fiscal transfers to ULBs in Chhattisgarh, recorded State Finance Commission-based revenue sharing and prior central grant allocations, and sought reasons for functions not yet devolved. It examined the revenue consequences for ULBs from subsuming advertisement and entertainment taxes into the national indirect tax regime and asked whether compensatory mechanisms exist. ULB representatives requested additional funds for solid waste management, sewage treatment, water-body rejuvenation, operation and maintenance of infrastructure, and for service delivery in conflict-affected areas; the Commission said it would address these in its recommendations. en-us Wed, 24 Jul 2019 13:27:07 +0530 Wed, 24 Jul 2019 13:27:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21791 The Commission reviewed devolution of 12th Schedule functions and fiscal transfers to ULBs in Chhattisgarh, recorded State Finance Commission-based revenue sharing and prior central grant allocations, and sought reasons for functions not yet devolved. It examined the revenue consequences for ULBs from subsuming advertisement and entertainment taxes into the national indirect tax regime and asked whether compensatory mechanisms exist. ULB representatives requested additional funds for solid waste management, sewage treatment, water-body rejuvenation, operation and maintenance of infrastructure, and for service delivery in conflict-affected areas; the Commission said it would address these in its recommendations. News - Wed, 24 Jul 2019 13:27:07 +0530 https://www.taxtmi.com/news?id=21791