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of <h1>Fiscal Federalism Reshaped: 101st Amendment Redefines Union-State Taxation Powers, Limits Excise Duties and Restructures Sales Tax Authority</h1> The Constitution (101st Amendment) Act, 2016 modifies the Seventh Schedule by restructuring taxation powers between Union and States. In Union List, entry 84 is limited to excise duties on petroleum products and tobacco, while entries 92 and 92C are removed. In State List, entry 52 is deleted, entry 54 is amended to allow states to tax sales of petroleum products and alcohol (excluding interstate commerce), entry 55 is removed, and entry 62 restricts entertainment taxes to those collected by local bodies like Panchayats and Municipalities. These changes fundamentally realign fiscal federalism in taxation matters.
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