Dispute Resolution & ADR – Is ODR a humpless 'Camel' (See 'THE INSIGHT')Guarantees by Directors – whether supply of service? (See 'THE INSIGHT')Whether Social Welfare Surcharge is payable by importers under exports schemes? (See 'THE INSIGHT')Production Linked Incentive Scheme (PLI) for Automobile & Auto Components (See 'THE INSIGHT')Need for judicious application of CAROTAR, 2020 (See 'THE INSIGHT')Will Govt permit Input Tax Credit on GST if paid on Petrol & Diesel? (See 'THE INSIGHT')Key Highlights of the 45 th GST Council Meeting (See 'THE INSIGHT')Fertiliser industry - Inverted duty structure & subsidy - refund woes (See 'THE INSIGHT')ITC on Food supply services arranged at Factory canteen for employees (See 'THE INSIGHT')Ease of Doing Business & Custom Audit (See 'THE INSIGHT')TP - Where assessee has advanced loan to its AE, rate of interest would be based upon rates prevailing in country where loan is utilised: ITAT (See 'TOG Latest')Service tax - Denial of credit at recipient's end cannot be justified by Department without reopening the assessment at dealer's end: CESTAT (See 'TOG Latest')Service tax - Re-credit is an adjustment/correction of the excess reversal which was not required to be made by them: CESTAT (See 'TOG Latest')I-T - Trust which misuses status conferred upon it by Section 12AA is not entitled to retain & enjoy said status - Bogus donations completely misused by 'Trusts' calls for cancellation of registration granted to it u/s 12AA & 80G: SC (See 'TOG Latest')TP - ALP adjustment is mandated only in respect of International transactions & not transactions entered into by taxpayer with independent unrelated parties: ITAT (See 'TOG Latest')
Tax on Go
HOME       GST     INDIRECT TAX     INCOME TAX     DTAA     TP     MIXED BAG     LIBRARY    

TOG NEWS

Govt releases Rs 2516.73 crores to Urban Local Bodies in 2021-22
By TOG News service
Aug 05, 2021

TOG News Service, New Delhi, Aug 05, 2021: THE Department of Expenditure, Ministry of Finance has released an amount of Rs. 685.80 crore to 4 States for providing grants to the Urban Local Bodies (ULBs).  Out of this, an amount of Rs.494 crore has been released to Uttar Pradesh, Rs.110.20 crore to Gujarat, Rs. 74.80 crore to Jharkhand and Rs.6.80 crore to Mizoram. Grants for Urban Local Bodies have been released as per the recommendations of the 15 th Finance Commission.  They are aimed at improving basic civic services including fulfilling location specific felt needs. These grants are intended for smaller ( Non-Million Plus) cities including cantonment Boards .  

The 15 th Finance Commission has divided the urban local bodies into two categories: (a) Million-Plus urban agglomerations/cities (excluding Delhi and Srinagar), and (b) all other cities and towns with less than one million population ( Non-Million Plus cities) . Out of the 15 th Finance Commission recommended grants for Non-Million Plus cities , 50% is basic (untied) and the remaining 50% as tied grant. 

Basic grants (untied) can be utilised for location specific felt needs except for salary or other establishment expenditure. The tied grants are to be utilized for (a) drinking water (including rainwater harvesting and recycling) and (b) solid waste management.

The grants are meant to ensure provision of additional funds to urban local bodies over and above the funds allocated by the Centre and the State for sanitation and drinking water under the Centrally Sponsored Schemes.

The States are required to transfer the grants to the ULBs within 10 working days of receipt from the Union Government.  Any delay beyond 10 working days requires the State Governments to release the grants with interest.