Shine india monthly magazine

Shine india monthly magazine

Shine india monthly magazine Published this article page no  64 Elevated fiscal risks such as weak revenue collections under the good and services tax (GST) and large revenue forgone due to reduced corporate tax rates.  Short term transitional difficulties in the implementation of structural reforms taken by the government. E.g. slow input tax refunds on GST collections have depressed growth for many small and medium enterprises (SMEs).  High uncertainty in fiscal variables because of challenges such as large shortfall in collections as compared to original forecast high volatility in collections accumulation of large integrated GST credit glitches in invoice and input tax matching and delay in refunds etc.  REPORT OF THE 15TH FINANCE COMMISSION FOR FY 202021 Why in news? Recently the Fifteenth Finance Commission submitted its report with recommendations for the financial year 202021. More on the news  The commission was constituted by the President of India under Article 280 of the Constitution to make recommendations for a period of five years commencing 1st April 2020.  The final report of the Commission with recommendations for the 2021 26 period will be submitted by October 30 2020. Key Recommendations of the Report Criteria of Devolution Vertical Devolution  An aggregate share of 41 percent of the net proceeds of Union taxes (divisible pool) should be devolved to States in the year 202021 Shine india monthly magazine buy.  

Shine india monthly magazine