https://www.taxtmi.com/news?id=25847 The Department of Expenditure released the seventh monthly instalment of the Post Devolution Revenue Deficit Grant under Article 275, implementing the Fifteenth Finance Commission's recommendation to distribute entitlements to fourteen recommended States in twelve equated instalments. Eligibility and quantum were determined by the Commission based on assessed gaps between State revenue and expenditure after accounting for devolution; the instalment mechanism enables cumulative tracking of releases to meet post devolution revenue shortfalls. en-us Thu, 06 Oct 2022 15:32:58 +0530 Thu, 06 Oct 2022 15:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25847 The Department of Expenditure released the seventh monthly instalment of the Post Devolution Revenue Deficit Grant under Article 275, implementing the Fifteenth Finance Commission's recommendation to distribute entitlements to fourteen recommended States in twelve equated instalments. Eligibility and quantum were determined by the Commission based on assessed gaps between State revenue and expenditure after accounting for devolution; the instalment mechanism enables cumulative tracking of releases to meet post devolution revenue shortfalls. News - Thu, 06 Oct 2022 15:32:58 +0530 https://www.taxtmi.com/news?id=25847