Finance Commission: Government to set up 16th Finance Commission in 2023, to suggest Centre-state tax devolution beginning FY27 – Times of India

[ad_1] NEW DELHI: The government is likely to set up the 16th finance commission this year to suggest, among other things, the ratio in which tax is to be divided between the Centre and states for five years, beginning April 1, 2026, an official said. The members of the commission and its Terms of Reference … Read more