News Update

Kolkata DRI seizes 12.4 kg elephant tusk being smuggled from Assam to NepalDigital India successing becoz of people's pull: PMFish eats plastic & humans eat fish - serious health hazard: MinisterI-T - When assessee was only a licensee, not having exclusive rights over a property, vide unregistered document, it cannot claim to be owner of property for purpose of Sec 22: HCRailways relaxes upper age limit for Group C postsIndia to create digital health platform for better service delivery: NaddaST/CX - No vested right exists to avail benefit of unutilized amount of EC or SHE credit - Article 14 is not offended - Petition dismissed: HCIndian delegation promotes cinema in European Film MarketNo GST is leviable on goods sold/transferred while remaining in Customs bonded warehouseI-T - If assessee-society enters into contract with State Govt to cook & supply mid-day meals at schools, such activity is not necessarily in nature of trade and business: HCLeviability of IGST and as well as Compensation cess under Customs ActCX - CENVAT -Since Respondent's factory occupied 95% of factory area, they are entitled for 95% of total CENVAT credit on common input services: CESTATTripura elections - 75% voter turnout recordedIndia has potential to do much better, says FM in RiyadhIranian Plane Crash - 66 pax feared killedAG expresses concern over CBEC cases being dismissed by SC on ground of delayTime to shift focus from acronyms to gaps in performanceGST - Industry reports cumbersome procedures & high cost of complianceFICCI Survey finds compression in cost of funds indexDomestic air travel registers 20% growth in January, 2018Globalisation Index - India loses 16 places to rank 78India, Iran sign MoU to set up Expert Group on Trade Remedy MeasuresIndia to launch Chandrayaan-2 in AprilGST - Many States want GST Council to discuss inclusion of real estate at next meetingSeaports located at Dhamra Port and Dighi Port included for availing export promotion benefits under Chapter 4 of FTPGovt working on formulation of National Automotive PolicyCBEC accepts 63 Court Orders to reduce litigationTax Season Has Started, Here's Your To-Do List for This SeasonGST: Death of the Salesman?
TIOL
FINANCE COMMISSION REPORT

Report of the Twelfth Finance Commission (2005-2010)

You will require ACROBAT READER to view files listed below.
In case you need to download the
ADOBE ACROBAT READER
click on the Adobe Image below.

Serial No.
Chapter
     Main Page

Cover Page

    1. Introduction  
    2. Issues and Approach  
    3. Trends in Central and State Finances
 
    4. Restructuring Public Finances  
    5.

Union Finances: Assessment of Revenue and Expenditure

 
    6.

State Finances: Assessment of Revenue and Expenditure

 
    7. Sharing of Union Tax Revenues  
    8. Local Bodies  
    9. Calamity Relief  
  10. Grants-in-aid to States  
  11. Fiscal Reform Facility  
  12.

Debt Position of States:
Relief and Corrective Measures

 
  13. Sharing of Profit Petroleum
 
 
  14. Institutional Changes and Reforms
 
 
  15. Concluding Observations
 
 
  16. Summary of Recommendations