Article 280 of the Indian Constitution mandates the establishment of a Finance Commission. One of the primary functions of the Finance Commission is to make recommendations to the President regarding the distribution of the net proceeds of taxes to be shared between the Union and the States, and the allocation between the States of the respective shares of such proceeds. It also recommends principles governing grants-in-aid to the states from the Consolidated Fund of India.
Who recommends to the President the distribution between the Central and State Governments of the net proceeds of taxes collected by the centre ?
Asked in KPSC KAS Prelims 2014 · Topic: The Finance Commission (Core functions: Vertical and horizontal devolution of taxes)
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