https://www.taxtmi.com/acts?id=9350 Taxes on sale or purchase of goods and taxes on consignments occurring in the course of inter State trade or commerce are levied and collected by the Union but assigned to States; the net proceeds (except those attributable to Union territories) are excluded from the Consolidated Fund of India and must be assigned to and distributed among the States in accordance with distribution principles to be formulated by Parliament, which may also define when such transactions occur in the course of inter State trade or commerce. en-us Mon, 20 Oct 2008 15:33:21 +0530 Sat, 26 Apr 2025 10:16:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9350 Taxes on sale or purchase of goods and taxes on consignments occurring in the course of inter State trade or commerce are levied and collected by the Union but assigned to States; the net proceeds (except those attributable to Union territories) are excluded from the Consolidated Fund of India and must be assigned to and distributed among the States in accordance with distribution principles to be formulated by Parliament, which may also define when such transactions occur in the course of inter State trade or commerce. Act-Rules Indian Laws Mon, 20 Oct 2008 15:33:21 +0530 https://www.taxtmi.com/acts?id=9350