Assignment of inter State goods taxes: Union levies but assigns net proceeds to States, excluding amounts attributable to Union Territories. The amendment replaces clauses (1) and (2) of Article 269 to provide that taxes on the sale or purchase of goods and on the consignment of goods in the course of inter State trade or commerce are levied and collected by the Government of India but deemed assigned to the States. Net proceeds for any financial year, except amounts attributable to Union Territories, are excluded from the Consolidated Fund of India and assigned to the States within which the tax is leviable, to be distributed among those States according to principles of distribution to be prescribed by Parliament.
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Provisions expressly mentioned in the judgment/order text.
Assignment of inter State goods taxes: Union levies but assigns net proceeds to States, excluding amounts attributable to Union Territories.
The amendment replaces clauses (1) and (2) of Article 269 to provide that taxes on the sale or purchase of goods and on the consignment of goods in the course of inter State trade or commerce are levied and collected by the Government of India but deemed assigned to the States. Net proceeds for any financial year, except amounts attributable to Union Territories, are excluded from the Consolidated Fund of India and assigned to the States within which the tax is leviable, to be distributed among those States according to principles of distribution to be prescribed by Parliament.
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