The commission will make recommendations, by October 2019, for five years commencing April 1, 2020, said the notification announcing the constitution of the panel.
The Finance Commission will look into impact of GST on central and state finances, among other things
New Delhi: The government on Monday appointed former Planning Commission Member N K Singh as chairman of the 15th Finance Commission, which, among other things, will look into impact of GST on finances of the Centre and states, according to a notification.
The commission will recommend devolution of shareable central taxes to the states and their inter-se distribution.
The commission will also review several important aspects of federal fiscal finance.