Stamp duty allocation: Union levies duties, collection by Union or States, proceeds assigned to the respective State. Article 268 provides that certain stamp duties in the Union List are levied by the Union but collected by the Government of India when leviable in a Union territory and otherwise by the respective States; the proceeds of duties leviable within a State do not form part of the Consolidated Fund of India and are assigned to that State.
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Provisions expressly mentioned in the judgment/order text.
Stamp duty allocation: Union levies duties, collection by Union or States, proceeds assigned to the respective State.
Article 268 provides that certain stamp duties in the Union List are levied by the Union but collected by the Government of India when leviable in a Union territory and otherwise by the respective States; the proceeds of duties leviable within a State do not form part of the Consolidated Fund of India and are assigned to that State.
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