Article 243J Audit of accounts of Panchayats
The Legislature of a State may, by law, make provisions with respect to the maintenance of accounts by the Panchayats and the auditing of such accounts.
PDF Download Article 243J of Indian Constitution, Constitution of India Article 243J
What is Article 243J of Indian Constitution
In summary, Article 243J mandates the formation of a State Finance Commission in each state. The Finance Commission is responsible for reviewing the financial status of Panchayats (local self-government institutions) and making recommendations to the Governor on various matters, including the distribution of taxes and duties between the state and Panchayats, grants-in-aid to Panchayats, measures to improve their financial position, and any other financial issues referred to it by the Governor. The composition and qualifications of the Finance Commission members are determined by the State Legislature, and the Commission’s recommendations are presented to the state’s legislative body.