Question

Explain finance commission and its role in india

Answer 1

heya

here is ur answer

➡ finance commission is established to define financial relations between centre and state.


✒it's role is to check how union government should share it's tax levied by states

➡ hope it helps u.!!

Answer 2

Finance commission and its role in india

Explanation:

• The important role Finance Commission in India is to serve as a tool to distribute rewards of separated taxes between the states and the central government or in matters of taxes that are received by the center but the returns of which are distributed between the states, to ascertain the principles of such distribution.
• It was commonly developed to determine the financial connection between the center and the state.

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