https://www.taxtmi.com/news?id=1031 The constitutionally mandated distribution of taxing power allocates legislative competence among Parliament and State Legislatures via the Union, State and Concurrent Lists in the Seventh Schedule, with specific tax subjects assigned to each List. The principle that taxes may be levied only by authority of law imposes a legal prerequisite on tax imposition. Amendments changing fiscal allocations or the Lists require the constitutional amendment procedure with additional state ratification for specified categories. en-us Wed, 28 Oct 2009 17:20:18 +0530 Wed, 28 Oct 2009 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1031 The constitutionally mandated distribution of taxing power allocates legislative competence among Parliament and State Legislatures via the Union, State and Concurrent Lists in the Seventh Schedule, with specific tax subjects assigned to each List. The principle that taxes may be levied only by authority of law imposes a legal prerequisite on tax imposition. Amendments changing fiscal allocations or the Lists require the constitutional amendment procedure with additional state ratification for specified categories. News - Wed, 28 Oct 2009 17:20:18 +0530 https://www.taxtmi.com/news?id=1031