Competition refresher magazine

Competition refresher magazine

Competition refresher magazine Published this article page no 16 this article was published in the month of november tax regime a few of the taxes which were the prerogative of municipal corporations earlier have been subsumed into the goods and services tax (gst).  state finance commission (sfc) state governments have not set up sfcs in a regular and timely manner even though they are required to be set up every five years. competition refresher magazine pdf sfcs are expected to spell out the principles to be applied for determining the allocation of funds to local governments and the range of taxes and non-taxes to be devolved to them.  bond market at nascent stage lack of a secondary market for municipal bonds has been a critical constraint in attracting a more extensive investor base for these securities. mcs mostly rely on borrowings from banks financial institutions and loans from centre/ state governments to finance their resource gaps in the absence of a well-developed market for municipal bonds.  inefficient property tax collection despite its dominance over other municipal taxes property tax collection in india is much lower compared to the oecd countries due to factors like property undervaluation incomplete registers pending litigations competition refresher magazine subscription. 

Competition refresher magazine