Deepika Reddy Magham is teaching live on Unacademy Plus
CENTRE STATE RELATIONS FINANCIAL R LATIONS M.DEEPIKA REDDY VERIFIED EDUCATOR - UNACADEMY FACULTY - CIVIL SERVICES
PROVISIONS Part XlI Articles 264 to 300 Division of resources - Distribution of resources Other provisions
Article 265 States that "no tax can be levied except by authority by law" There must be a law that provides the tax The tax must be levied and collected according to the law.
STATETAXATION POWERS 1) Land Revenue 2) Agricultural Income 3) Property & Vehicle Tax 4) Amusement, Betting & Gambling Tax 5) Consumption & Sale of Electricity Surcharge on electricity is levied, collected & Appropriated by State Govt.
TAXATION POWERS OF THE UNION 1. Taxes levied by union but collected and appropriated by states 2. Taxes levied and collected by Union assigned to the States 3. Taxes levied, collected and appropriated by the Union 4. Taxes levied and collected by the Union which may be Distributed between Union and States. 5. Taxes levied and collected by the Union which may be distributed between Union and States.
RESOURCES UNDER THE CENTRE 1 Duties levied by union but collected and appropriated by states include (Art 268) Stamp Duties - Medicinal &Toilet Preparation (this has been removed by 101 CAA
RESOURCES UNDER THE CENTRE 2) Taxes Levied and Collected by Union assigned to the States (Art 269) Sale/Purchase of Goods except goods related to interstate Trade