Amendment status not verified — confirm the current text below against the official source.
The Commission shall perform all or any of the following functions and shall make recommendations to the Government as to:–– (i) the distribution between the 1 [Union territory of Jammu and Kashmir] and the Panchayats of the net proceeds of the taxes, duties, tolls and fees leviable by the 1 [Union territory of Jammu and Kashmir], which may be divided between them and the allocation between the Panchayats at all levels of their respective shares of such proceeds ; (ii) the determination of taxes, duties, tolls and fees which may be assigned to, or appropriated by, the Panchayats ; (iii) the grants-in-aid to the Panchayats from the Consolidated Fund of the 1 [Union territory of Jammu and Kashmir] ; (iv) the measures needed to improve the financial position of the Panchayats ; (v) the distribution between the 1 [Union territory of Jammu and Kashmir] and the Municipalities of the net proceeds of the taxes, duties, tolls and fees leviable by the 1 [Union territory of Jammu and Kashmir], which may be divided between them and the allocation between the Municipalities at all levels of their respective shares of such proceeds ; (vi) the determination of the taxes, duties, tolls and fees which may be assigned to, or appropriated by, the Municipalities ; (vii) the grants-in-aid to the Municipalities from the Consolidated Fund of the 1 [Union territory of Jammu and Kashmir] ; (viii) the measures needed to improve the financial position of the Municipalities ; (ix) any other matter referred to the Finance Commission by the Government in the interests of sound finance of Panchayats or Municipalities ; (x) any other matter as may be referred to the Commission by the Government from time to time ; (xi) any other matter as may be ancillary or incidental to any of the aforesaid functions.