https://www.taxtmi.com/acts?id=47501 The substitution provides that specified Union List taxes (excluding certain duties, surcharge and specific cesses) are levied and collected by the Government of India but a prescribed percentage of net proceeds shall be excluded from the Consolidated Fund of India and assigned to the States where leviable, with distribution manner and timing prescribed; "prescribed" means presidential orders until a Finance Commission is constituted and presidential orders after considering Finance Commission recommendations thereafter. en-us Wed, 15 Jan 2025 11:44:14 +0530 Wed, 15 Jan 2025 11:44:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47501 The substitution provides that specified Union List taxes (excluding certain duties, surcharge and specific cesses) are levied and collected by the Government of India but a prescribed percentage of net proceeds shall be excluded from the Consolidated Fund of India and assigned to the States where leviable, with distribution manner and timing prescribed; "prescribed" means presidential orders until a Finance Commission is constituted and presidential orders after considering Finance Commission recommendations thereafter. Act-Rules F. Acts / Amendment Acts Wed, 15 Jan 2025 11:44:14 +0530 https://www.taxtmi.com/acts?id=47501