Share of States in Central Tax Revenues

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....hare of States in Central Tax Revenues <br>News and Press Release<br>Dated:- 25-7-2014<br><BR>The proportion of States' share in Central taxes is recommended by the Finance Commission constituted ever....

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....y five years. As per accepted recommendations of 13th Finance Commission (FC-XIII), the States' share has been fixed at 32% of the net proceeds of shareable Central Taxes for the period from 1.4.2010 ....

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....to 31.03.2015, and accordingly, devolution is being made to the State Governments. The 14th Finance Commission has already been constituted on 2nd January, 2013. The Commission is holding consultation....

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.... with States and Union Government and is scheduled to submit its report by end of October, 2014 covering its award period from 1.4.2015 to 31.3.2020.<BR> News - Press release - PIB....