Bare Act · Constitution of India · Part XII

Part XII · Articles

264 · Interpretation. 265 · Taxes not to be imposed save by... 266 · Consolidated Funds and public... 267 · Contingency Fund. 268 · Duties levied by the Union but... 268A · Service tax levied by Union and... 269 · Taxes levied and collected by the... 269A · Levy and collection of goods and... 270 · Taxes levied and distributed... 271 · Surcharge on certain duties and... 272 · Taxes which are levied and... 273 · Grants in lieu of export duty on... 274 · Prior recommendation of President... 275 · Grants from the Union to certain... 276 · Taxes on professions, trades,... 277 · Savings. 278 · Agreement with States in Part B of... 279 · Calculation of “net proceeds”,... 279A · Goods and Services Tax Council. 280 · Finance Commission. 281 · Recommendations of the Finance... 282 · Expenditure defrayable by the... 283 · Custody, etc., of Consolidated... 284 · Custody of suitors' deposits and... 285 · Exemption of property of the Union... 286 · Restrictions as to imposition of... 287 · Exemption from taxes on... 288 · Exemption from taxation by States... 289 · Exemption of property and income... 290 · Adjustment in respect of certain... 290A · Annual payment to certain Devaswom... 291 · Privy purse sums of Rulers 292 · Borrowing by the Government of... 293 · Borrowing by States. 294 · Succession to property, assets,... 295 · Succession to property, assets,... 296 · Property accruing by escheat or... 297 · Things of value within territorial... 298 · Power to carry on trade, etc. 299 · Contracts. 300 · Suits and proceedings. 300A · Persons not to be deprived of...

268

Distribution of Revenues between the Union and the States

Duties levied by the Union but collected and appropriated by the States.

(1)Such stamp duties 2*** as are mentioned in the Union List shall be levied by the Government of India but shall be collected—

(a)in the case where such duties are leviable within any ¹[Union territory], by the Government of India, and

(b)in other cases, by the States within which such duties are respectively leviable.

(2)The proceeds in any financial year of any such duty leviable within any State shall not form part of the Consolidated Fund of India, but shall be assigned to that State.

Footnotes (from the official text)

¹ Subs. by the Constitution (Seventh Amendment) Act, 1956, s. 29 and Sch., for "State Specified in Part C of the First Schedule" (w.e.f. 1-11-1956).

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