Karnataka Finance Committee May Submit Report By June-End

Mangalore: The village panchayats and urban local bodies (ULBs) in Karnataka likely to be rewarded with incentives if they show better performance in tax collection. Such a move is being planned by the Third Finance Commission of Karnataka, which is likely to submit its report to the Government by June end. The Third Finance Commission of Karnataka, said that some of the ULBs and village panchayats have better tax collection records. The commission is planning to suggest incentives to such village panchayats and ULBs in its report. The implementation of self-assessment system of tax collection has helped in increasing the revenue of ULBs.