Finance Commission to consider GST impact, propose incentives for States deepening GST net

15th Finance Commission constituted by President of India under Chairmanship of Shri. N. K. Singh and consisting of 4 other members, shall inter alia make recommendations on distribution between Union & the States of net proceeds of taxes which are to be / may be divided between them under Chapter I, Part XII of Constitution and allocation between States of respective shares of such proceeds; Commission shall review current status of finance, deficit, debt levels, ca...