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Centre State Relations - Financial Relations III
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In this lesson, various provisions of the Constitution related to the financial relations between the centre and the states - grants in aid, taxation power of the states, tax on centre's property located in the states and so on are discussed.

Deepika Reddy Magham is teaching live on Unacademy Plus

Deepika Reddy Magham
BCA, LLB, MBA; Director, Shikara IAS Academy; 10 years experience in teaching Indian Polity, Ethics, Indian Society and Social Justice.

U
Unacademy user
7/10..ministry of minority affairs...
very nice class mam ..thank you very much
  1. CENTRE STATE RELATIONS FINANCIAL RELATIONS III Hi M.DEEPIKA REDDY VERIFIED EDUCATOR - UNACADEMY FACULTY - CIVIL SERVICES


  2. OTHER PROVISIONS Article 273 - Empowers Central govt. to make Special Grants to states of Assam, Bihar, Orissa, and West Bengal to Promote Jute Product.


  3. OTHER PROVISIONS Article 274 - Prior Recommendations of President is mandatory for the bills affecting taxation in which states are interested


  4. OTHER PROVISIONS Article 275 - Grants in aid by Union to States By the Union to the states recommended by the Finance Commission charged by the Consolidated Fund of India reflects in the income side of the budget includes promotion of welfare of STs in a state and rising the level of administration of the Scheduled Areas in Assam.


  5. OTHER PROVISIONS Article 276 The State Government can legislate to impose taxes on Profession Trade and employment for the benefit of a municipality,district board, local board or other local authority therein in respect of professions, trades, callings or employments


  6. OTHER PROVISIONS Article 279 - states that the net proceeding of the taxes shall be ascertained and certified by CAG


  7. OTHER PROVISIONS Article 282 - deals with the discretionary grants given by the Centre and the states. It states that the Centre and the states, irrespective of their legislative competence, may make grants for a public purpose


  8. OTHER PROVISIONS Article 283 - Deals with custody of Consolidated Fund, Contingency Fund and Public Accounts The Custody of CFI will be decided by Parliamentary Law.


  9. OTHER PROVISIONS Article 285 Exemption of property of union from state taxation. The States can't impose any tax on Property of Central Government located in that state. Article 286 - deals with the restrictions as to imposition of tax on the sale or purchase of goods. It states that No law of a State shall impose, or authorise the imposition of, a tax on the sale or purchase of goods where such sale or purchase takes place outside the State; or


  10. OTHER PROVISIONS Article 286 - deals with the restrictions as to imposition of ta>x on the sale or purchase of goods. It states that No law of a State shall impose, or authorise the imposition of, a tax on the sale or purchase of goods where such sale or purchase takes place outside the State; or in the course of the import of the goods into, or export of the goods out of, the territory of India