B. Grants and Shares of Taxes . - — THE SIKKIM PANCHAYAT ACT, 1993

39 B. Grants and Shares of Taxes . - The State Government shall having regard to the recommendation, if any, of the Finance Commission, in each year, after due appropriation made by . the State Legislature by law in this behalf, make such grants and shares of various taxes , duties, cess and fees as are necessary to the Panchayats for the proper discharge of their functions under this Act . The shares of taxes collected by the State Government shall be distributed among Panchayats at all levels in an equitable manner according to the formula fixed by the State Government to this effect" . In the Principal Act, in section 48, for sub-section (3) the following shall be substituted, namely :- "(3) The Directorate of Local Fund Audit, Finance Revenue and Expenditure Department, Government of Sikkim shall audit the accounts of Gram Panchayat/Zilla PanchayatiDistrict Planning Committee, as soon as may be after the end of each financial year in the manner provided under the Sikkim Local Fund Audit Act, 2012, and submit the Annual Audit Report for placing . it before State Legislature. Whereas, the Comptroller and Auditor General of India shall provide Technical Guidance and Supervision (TG & S) over the audit of the Gram Panchayat and submit its Annual Technical Inspection Report for placing it before State Legislatu re".

Section 39