Can you explain how the state government's taxes, duties, tolls, and fees are divided between the state and municipalities under this Part?
Under this Part, the state government's taxes, duties, tolls, and fees are divided between the state and municipalities based on the principles recommended by the Finance Commission. The Finance Commission reviews the financial position of the municipalities and makes recommendations to the Governor about the distribution of net proceeds from these levies, the determination of the taxes that can be assigned or appropriated by the municipalities, and the allocation of grants-in-aid from the Consolidated Fund of the State.