FINANCE, PROPERTY, CONTRACTS AND SUITS

Interpretation

Taxes not to be imposed save by authority of law

Consolidated Funds and public accounts of India and of the States

Contingency Fund

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

Service tax levied by Union and collected by the Union and the States.Omitted.]

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

Levy and collection of goods and services tax in course of inter- State trade or commerce

Taxes levied and distributed between the Union and the States

Surcharge on certain duties and taxes for purposes of the Union

Taxes which are levied and collected by the Union and may be distributed between the Union and the States.Omitted.]

Grants in lieu of export duty on jute and jute products

Prior recommendation of President required to Bills affecting taxation in which States are interested

Grants from the Union to certain States

Taxes on professions, trades, callings and employments

Savings

Agreement with States in Part B of the First Schedule with regard to certain financial matters.Omitted.]

Calculation of “net proceeds”, etc

Goods and Services Tax Council

Finance Commission

Recommendations of the Finance Commission

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

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

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

Exemption of property of the Union from State taxation

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

Exemption from taxes on electricity

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

Exemption of property and income of a State from Union taxation

Adjustment in respect of certain expenses and pensions

Annual payment to certain Devaswom Funds

Privy purse sums of Rulers.Omitted.] CHAPTER II. BORROWING

Borrowing by the Government of India

Borrowing by States

Succession to property, assets, rights, liabilities and obligations in certain cases

Succession to property, assets, rights, liabilities and obligations in other cases

Property accruing by escheat or lapse or as bona vacantia

Things of value within territorial waters or continental shelf and resources of the exclusive economic zone to vest in the Union

Power to carry on trade, etc

Contracts

Suits and proceedings

Persons not to be deprived of property save by authority of law