https://www.taxtmi.com/news?id=21991 The Commission noted that Sikkim reported devolution of all 29 Eleventh Schedule functions to 189 PRIs but that PRIs earn negligible own revenues and rely largely on central and state transfers. Audit observations and PRI representatives identified gaps: non implementation of the new accounting format, absence of a certification system for PRI accounts, and incomplete functional and accounting transfers. PRIs requested measures to mobilise own revenues (market fees, parking), immediate constitution of a Property Tax Board, and implementation of accounting and certification reforms; the Commission recorded these concerns for its recommendations. en-us Mon, 23 Sep 2019 18:52:25 +0530 Mon, 23 Sep 2019 18:52:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21991 The Commission noted that Sikkim reported devolution of all 29 Eleventh Schedule functions to 189 PRIs but that PRIs earn negligible own revenues and rely largely on central and state transfers. Audit observations and PRI representatives identified gaps: non implementation of the new accounting format, absence of a certification system for PRI accounts, and incomplete functional and accounting transfers. PRIs requested measures to mobilise own revenues (market fees, parking), immediate constitution of a Property Tax Board, and implementation of accounting and certification reforms; the Commission recorded these concerns for its recommendations. News - Mon, 23 Sep 2019 18:52:25 +0530 https://www.taxtmi.com/news?id=21991