Article 269 of Indian Constitution

Article 269 of Indian Constitution: Taxes levied and collected by the Union but assigned to the States.

Article 269 Taxes levied and collected by the Union but assigned to the States – Constitution Of India

(1) Taxes on the sale or purchase of goods and taxes on the consignment of goods shall be levied and collected by the Government of India but shall be assigned and shall be deemed to have been assigned to the States on or after the 1st day of April, 1996 in the manner provided in clause (2).

Explanation.—For the purposes of this clause,—

(a) the expression “taxes on the sale or purchase of goods” shall mean taxes on sale or purchase of goods other than newspapers, where such sale or purchase takes place in the course of inter-State trade or commerce;

(b) the expression “taxes on the consignment of goods” shall mean taxes on the consignment of goods (whether the consignment is to the person making it or to any other person), where such consignment takes place in the course of inter-State trade or commerce.

(2) The net proceeds in any financial year of any such tax, except in so far as those proceeds represent proceeds attributable to Union territories, shall not form part of the Consolidated Fund of India, but shall be assigned to the States within which that tax is leviable in that year, and shall be distributed among those States in accordance with such principles of distribution as may be formulated by Parliament by law.]

(3) Parliament may by law formulate principles for determining when a 2 [sale or purchase of, or consignment of, goods] takes place in the course of inter-State trade or commerce.]


Constitution Of India Part 12 Finance, Property, Contracts And Suits – Articles 264 to 300


Article 264 of Indian Constitution

Article 264 of Indian Constitution: Interpretation Article 264 - Constitution Of India In this Part, “Finance Commission” means a Finance Commission constituted under article 280. Constitution Of India Part 12 Finance, Property, Contracts And Suits – Articles 264 to 300 ...

Article 265 of Indian Constitution

Article 265 of Indian Constitution: Taxes not to be imposed save by authority of law Article 265 Taxes not to be imposed save by authority of law - Constitution Of India No tax shall be levied or collected except by authority of law. Constitution Of India Part 12 Finance, Property, ...

Article 266 of Indian Constitution

Article 266 of Indian Constitution: Consolidated Funds and public accounts of India and of the States Article 266 Consolidated Funds and public accounts of India and of the States - Constitution Of India (1) Subject to the provisions of article 267 and to the provisions of this Chapter with respect ...

Article 267 of Indian Constitution – Contingency Fund

Article 267 of Indian Constitution: Contingency Fund Article 267 Contingency Fund - Constitution Of India (1) Parliament may by law establish a Contingency Fund in the nature of an imprest to be entitled “the Contingency Fund of India” into which shall be paid from time to time such sums as ...

Article 268 of Indian Constitution – Distribution of Revenues between the Union and the States

Article 268 of Indian Constitution: Distribution of Revenues between the Union and the States Article 268 Distribution of Revenues between the Union and the States - Constitution Of India (1) Such stamp duties and such duties of excise on medicinal and toilet preparations as are mentioned in the Union List shall ...

Article 269 of Indian Constitution

Article 269 of Indian Constitution: Taxes levied and collected by the Union but assigned to the States. Article 269 Taxes levied and collected by the Union but assigned to the States - Constitution Of India (1) Taxes on the sale or purchase of goods and taxes on the consignment of ...

 

Leave a Reply Cancel reply

Exit mobile version