Which constitutional body in India recommends the vertical and horizontal devolution of tax revenues between the Centre and the States?

💡 Solution & Explanation

The Finance Commission is constituted under Article 280 of the Constitution of India as a quasi-judicial body responsible for recommending the vertical and horizontal sharing of tax revenues between the Union and the States. Other bodies like the GST Council handle indirect tax rate recommendations rather than overall revenue devolution formulas. Constitutional financial bodies are high-priority topics for Indian polity.