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List of Articles Related to Centre-State Financial Relations at a Glance

18-OCT-2016 18:20

    To avoid confrontation of any kind, there is a clear cut division of financial relation between the centre and the state. The Union Parliament levies taxes on items mentioned in the union list while the state legislatures levy taxes on items mentioned in the state list. Articles 268 to 293 are related to centre-state financial relations.

    Union-State Relations / Centre-State Relations

    List of All the Articles related to the centre-state financial relations is given below:

    S.N.

    Article No.

    Subject Matter

    1.

    268.

    Duties levied by the Union but collected and appropriated by the states

    2.

    268A.

    Service tax levied by Union and collected and appropriated by the Union and the states

    3.

    269.

    Taxes levied and collected by the Union but assigned to the states

    4.

    270.

    Taxes levied and distributed between the Union and the states

    5.

    271.

    Surcharge on certain duties and taxes for purposes of the Union

    6.

    272.

    Taxes which are levied and collected by the Union and may be distributed between the Union and the states (Repealed)

    7.

    273.

    Grants in lieu of export duty on jute and jute products

    8.

    274.

    Prior recommendation of President required to bills affecting taxation in which states are interested

    9.

    275.

    Grants from the Union to certain states

    10.

    276.

    Taxes on professions, trades, callings and employments

    11.

    277.

    Savings

    12.

    278.

    Agreement with states in Part B of the First Schedule with regard to certain financial matters (Repealed)

    13.

    279.

    Calculation of “net proceeds”, etc.

    14.

    280.

    Finance Commission

    15.

    281.

    Recommendations of the Finance Commission

    16

    282.

    Expenditure defrayable by the Union or a state out of its revenues

    17.

    283.

    Custody, etc., of Consolidated Funds, Contingency Funds and moneys credited to the public accounts.

    18.

    284.

    Custody of suitors’ deposits and other moneys received by public servants and courts

    19.

    285.

    Exemption of property of the Union from state taxation

    20.

    286.

    Restrictions as to imposition of tax on the sale or purchase of goods

    21.

    287.

    Exemption from taxes on electricity

    22.

    288.

    Exemption from taxation by states in respect of water or electricity in certain cases

    23.

    289.

    Exemption of property and income of a state from Union taxation

    24.

    290.

    Adjustment in respect of certain expenses and pensions

    25.

    290A.

    Annual payment to certain Devaswom Funds

    26.

    291.

    Privy purse sums of Rulers (Repealed)

    27.

    292.

    Borrowing by the Government of India

    28.

    293.

    Borrowing by states

    Source: Indian constitution

    Article 280 of the Indian constitution says about the establishment of the finance commission. Centre state financial relations are basically deal by the finance commission. This commission recommends to central government that which percentage of total tax collection should be distributed among the states.

    Budget in Parliament

    Polity Quiz

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