https://www.taxtmi.com/acts?id=47503 The instrument implements the Tenth Finance Commission's alternative scheme to pool specified Central taxes and allocate a fixed percentage share to States in lieu of certain existing shares and grants, while excluding cesses and surcharges from the pooled base. It replaces "gross proceeds" with "net proceeds" for sharing alignment, provides that the States' percentage share be reviewed by successive Finance Commissions, and includes transitional arrangements for the interim period pending the next Finance Commission's report. en-us Wed, 15 Jan 2025 11:49:35 +0530 Wed, 12 Feb 2025 16:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47503 The instrument implements the Tenth Finance Commission's alternative scheme to pool specified Central taxes and allocate a fixed percentage share to States in lieu of certain existing shares and grants, while excluding cesses and surcharges from the pooled base. It replaces "gross proceeds" with "net proceeds" for sharing alignment, provides that the States' percentage share be reviewed by successive Finance Commissions, and includes transitional arrangements for the interim period pending the next Finance Commission's report. Act-Rules F. Acts / Amendment Acts Wed, 15 Jan 2025 11:49:35 +0530 https://www.taxtmi.com/acts?id=47503