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Financial Federalism - Union State Financial Relations
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In this lecture, Bhavin first discuses how and what role does taxation plays in state building. Then he goes onto explain how and why taxes have been divided between union and States. Finally he discusses intricate details of the terms and provisions mentioned in the constitution, which helps to simplify articles of the constitution related Federal finances.

Bhavin Sangoi
BA Political Science and Psychology, Mumbai University. Teaching Polity, Economics and international relations for 7 years.

U
Unacademy user
Sir what about the center state financial relations after gst .????
sir is this video still valid after gst??
please use dark colour background in your ppt since it strains less to eyes. The background you used in your parliamentary process lectures were very comfortable for eyes. I am very much thankful for your short precis interesting lectures .keep going :)
please use dark colour background in your ppt since it strains less to eyes. The background you used in your parliamentary process lectures were very comfortable for eyes. I am very much thankful for your short precis interesting lectures .keep going :)
thank you so much sir!! the concept is clear to me only now!!
  1. Course Name: In-depth study of Centre State Relations Lesson Name: Union State financial relation - I Presented by Bhavin Sangoi


  2. About me B.A in Political Science & Psychology Appeared in UPSC CSE Mains Teaching Indian Polity, International Relations, economics &mental Ability since 5 years Experience of teaching for various competitive exams such as NTSE, CET& UPSC Course Fee: CONTRIBUTE Follow me on: https://Unacademy.in/user/BhavinSangoi


  3. Key Points According to article 265, no tax shall be levied or collected except by authority of law; which means There must be law The law must authorise the tax; and The tax must be levied and collected according to the law


  4. Union and State taxes Union levies tax on the subject of Union list (entry 82 to 920), Residuary matters and Concurrent list (entry 43 & 44) State levies tax on the subject of state list (entry 45 to 63) and concurrent list Taxes like wealth tax, gift tax etc are imposed under residuary powers Union levies tax on the subjet of Union list (entry 82 to 920), Residuary Taxes like wealth tax, gift tax etcare imposed under residuary powers


  5. Levvy, Collection and Appropriation - Levy means power to impose tax collect- collection of amount from eligible person or entity Appropriate means the authority to spend the money levied and collected


  6. Article 268 Stamp duties and excise duty on medicinal and toilet preparation under entry 84 of union list, would be levied by the union but collected and appropriated by states


  7. 7/21 Article 268(A) Service tax shall be levied by Union but collected and appropriated by Government of India and States in accordance with Principles of Collection and appropriate on formulated by Parliament by law


  8. 8/21 Inter state trade and commerce According to article 269, taxes on consignment, purchase and sale of goods Other than newspaper), in the course of inter state trade or commerce, shall be levied and collected by union but assigned to states